Therme Group Acquires Europe’s Largest Thermal Bathing Complex, Secures €320M Financing

Therme Group, a global leader in wellbeing destinations, has announced its acquisition of Therme Erd

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Terme Snovik Launches €22 Million Expansion with New Four-Star Kneipp NaturHotel

Terme Snovik, a boutique spa located in north-central Slovenia near Kamnik, is embarking on its most

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LifeFit Group Expands Premium Fitness Portfolio with SportsUp Acquisition

LifeFit Group, a leader in Germany's fitness industry, has strengthened its premium segment with the

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Norrøna Concept Store Opens in Zürich: A Hub for Outdoor Enthusiasts

We’re excited to announce the grand opening of the Norrøna Concept Store Zürich, located at Löw

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Proximity and Efficiency: Central Europe Becomes a Hub for Bike Production

The bicycle and e-bike industry is undergoing a transformative shift in 2025, with Central Europe (C

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Croatian city receives support from EBRD

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For Pula, Croatia, there was one key aim for 2017/2018 and that was to grow. However, they needed support and this has now been received in the shape of the European Bank for Reconstruction and Development (EBRD).

New expansion for Schaeffler after making purchase

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Recently, there has been a number of rumours surrounding Compact Dynamics GmbH and this all came to a head this week after Schaeffler, German e-bike parts maker, along with Semikron International GmbH, announced that they would be purchasing 51% of their shares

Poland’s Second Marriott to come from the Mera Spa Hotel

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Located in Sopot, a coastal resort, the Mera Spa Hotel has been announced as the new Marriott hotel after a rebranding which will take place in the coming year.

Actions Sports acquired by Grofa

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Currently, Grofa GmbH is one of the largest P&A distributors in Germany and they have now taken a huge step towards its international expansion plan after purchasing Action Sports - a Benelux distributor.

South Korean Lotte Intends to Open $120m Hotel in St Petersburg

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The operator of the South Korean Lotte hotel will open the luxury class hotel in May 2017. The project was estimated $120 million.

The EBRD Adopts New Country Strategy for Georgia

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The directors of European Bank for Reconstruction and Development (EBRD) adopted a new country strategy for Georgia.

MIFA Production Start in New Factory is Imminent

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In the long history of MIFA, a new page was herald by the New Factory.

The EBRD Partners with Credit Europe To Expand Access in Finance for romanian Businesses

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To continue supporting the local small businesses, the (EBRD) European Bank for Reconstruction and Development provides €40 million funding in the three branches of the Credit Europe Bank.

The Beginning for Fifa Museum

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Fifa’s football museum in Zurich planned to push on despite the daunting start to life as a visitor attraction. In 2017, their main target is to double the amount of visitors building up to the World Cup in Russia in 2018.

The Operator of Imaginarium Chain Will Open 50 Toy Stores in Russia

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This year, the Imaginarium of toy stores had increased its proceeds by 22.3% compared to last year.

FC Basel Confirms Novartis as Main Sponsor

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Novartis will be the main sponsor of Swiss soccer champions FC Basel until June 30, 2021.

Outdoorzy to Start Trading on NewConnect

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Outdoorzy will start trading on NewConnect of the Warsaw Stock Exchange. The Polish clothing and sporting equipment distributor will issue 2M shares of series B stock and 2.5M shares of series C stock.

Porsche Continues as European Open’s Title Sponsor

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Car manufacturer Porsche will be the title sponsor of the popular European Tour golf event, European Open, until 2020.

Czech Retail Outlet Owner Invests in Production Facility for Toy Race Cars

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Petr Homolka recently purchased a Plzeň production facility that manufactured toy racing car circuits in communist Czechoslovakia. Mr. Homolka owns toy chain store outlets like Bambule and Sparkys.

Vamed Vitality World Opens 3,600sq m Silent Spa

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Vamed Vitality World recently added a separate 3,600sq m silent spa with 160-guest capacity to its Therme Laa location in the Weinviertel area of northern Austria.

First Design Images for Contemporary Moscow Art Museum Revealed

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The first design images for a new contemporary Moscow art museum have been revealed. The new art museum, located in a former military factory complex, will open in 2020.

Assos Once Again Supports BMC Racing After 25 Years

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After 25 years, Swiss company Assos is back dressing teams in the top ranks of the pro peleton.

Blumen Haus Lech acquired by Gustav Zech Foundation

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As a development based in Lech, Switzerland, it has been announced that the Blumen Haus hotel has been taken over by the strategic management company Gustav Zech Foundation.

Mascotte acquired by Zenden

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Located in Russia, the footwear company Zenden has long-been operating at the low-end of the market but they have now diversified by acquiring the Russian section of Mascotte.

European Kettler Distribution Change for ZEG

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Around a year ago, ZEG confirmed that they would be buying Kettler’s bicycle deportment and this followed the cancellation of the relationship with the sales companies in Poland, Luxembourg, Belgium, the Netherlands, and Austria

Business ranking improvement target for the Czech Republic

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Every year, the World Bank publishes a report entitled ‘Doing Business’ which lists countries and why they are doing well economically.

Sports infrastructure investment for Hamburg

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Recently, the Hamburg public thought better of hosting the Olympics but there is no denying the passion of the city to develop sports infrastructure within the next eight years.

Twice as many e-bike sales for Czech OEMs

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When it comes to bicycles, the national statistics office has recently announced that the Czech Republic are a net exporter.

New strategy for Elan online store

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Elan, originally based in Slovenia, has become well-known for their skiing and snowboarding products in recent years.

Koch purchased by Hebie

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Hebie, a German component maker, has altered its strategy somewhat in recent times having discontinued its luggage carrier range for after-market sales.
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