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Cinema under the Moonlight, a program of open-air film screenings with free admission, is set to run on the terrace of Promenada Mall in Bucharest between September 11 and October 16. The screenings are organized in partnership with Transilvania International Film Festival (TIFF), the largest film event in the country. The program includes classics of…

Veterinary services company PartnerVet Group announced it received a financing round from the investment fund Accession Capital Partners (ACP) Credit, part of ACP Group, to accelerate the expansion of the business at a national level. PartnerVet currently operates two hospitals and 14 veterinary clinics in seven major cities in the country, supported by a team…

The Avram Iancu International Airport in Cluj-Napoca said it will become the first airport in Romania to lift restrictions on the volume of liquids, aerosols, and gels that passengers can carry in their hand luggage.  Starting September 3, the long-standing rule limiting containers to 100 milliliters will be eliminated, the airport announced. Passengers will be…

Romanian long-distance swimmer Avram Iancu announced that he has been officially recognized as the first person in the world to complete the “Triple Crown of Rivers Stage Swims Challenge,” after covering more than 4,400 kilometers across Europe’s major waterways without a wetsuit. The World Open Water Swimming Federation (WOWSA) ratified the achievement this week, confirming…

Private equity firms Bain Capital and Cinven announced that they signed a definitive agreement to sell a majority stake in Stada Arzneimittel AG to CapVest Partners LLP. Bain Capital and Cinven acquired Stada in 2017. During their ownership, Cinven and Bain Capital supported Stada to execute more than 25 targeted acquisitions, expanding its footprint across Europe…

Logistics real estate developer WDP has signed a major agreement with Dutch non-food discounter Action to develop a 54,000 sqm sustainable distribution center at WDP Park Bucharest – Ștefănești. The deal confirms the long-term partnership announced earlier this year and represents an investment of around EUR 40 million. Construction of the facility is scheduled to…

DIY retailer Hornbach announced the opening of its fourth store in Bucharest, the tenth in the company’s local network, following a EUR 48 million investment. The amount also includes the initial stock of goods. The store, located in the Colentina neighborhood of Bucharest, is built on a plot of land with an area of ​​over…

One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, announces its intention to launch a Public Tender Offer (“PTO”) programme for the repurchasing of its own shares. A Public Tender Offer is a mechanism through which a listed company offers to buy back shares directly from its shareholders, at…

The PPC Group has unveiled its first Power BOX in Romania, a fast-charging station for electric vehicles powered entirely by renewable energy from a photovoltaic park. The solution is available free of charge to all electric vehicle users, the company said. Located near Uzunu in Giurgiu county, the new PPC blue Power BOX combines a…

Developer Homing Properties has appointed Mantor General Contractor to start the construction works on its luxury residential project, Homing Village, located in Pipera, close to Bucharest. The first phase of the project consists of 33 villas, representing 23.5% of the total development and an investment of EUR 14 million out of the EUR 60 million…