IKEA registered 14.1% higher sales in Romania in the financial year 2023 (FY23) compared to the previous year, reaching a turnover of over RON 1.2 billion and more than 22 million products sold in local stores. The company also announced investments of EUR 5.8 million this year "to absorb the costs and ensure low prices." According to the same report, the Swedish retailer saw its online sales increase by 6% YoY in Romania in the financial year 2023 (September 1, 2022 – August 31, 2023). The strong results in the local market have also been backed by the opening of the store in Timisoara this summer, the company said. During the same period, IKEA stores in Romania welcomed roughly 5 million visitors. At the same time, the website registered 27 million visits and over 381,000 online orders. The retailer also said it aims to keep the prices low, budgeting investments of EUR 5.8 million "to absorb costs and ensure the lowest possible prices." From November 1, over 900 popular products will be cheaper in Romania. IKEA has three stores in Romania, namely two in Bucharest and one in Timisoara. The first opened in Baneasa, in northern Bucharest, in 2007, followed by the second one, in the city's Theodor Pallady area, in 2019. The unit in Timisoara opened its doors in June 2023.
Romania’s famous Mud Volcanoes, located in the southern Buzău County, were recently scanned by experts from the National Institute for Earth Physics Research and Development with the help of drones equipped with modern sensors, in order to better understand the structure of the soil and the associated risks. INFP specialists, together with their partners Skyline […]
Romania’s residential market posted record apartment sales in July as buyers rushed to finalize transactions before the removal of the reduced VAT rate and the increase in the standard VAT from 19% to 21%, according to real estate consultancy Colliers. The VAT change came into effect as of August 1, driving a surge of last-minute […]
King Charles III’s House in Viscri, the famous village in Romania’s Transylvania region, has unveiled a new exhibition dedicated to celebrated Romanian artist Constantin Flondor, marking another milestone in the site’s mission to link heritage with contemporary art. Garden Empire/Împărăția Grădinii opened on August 19 and will remain on display until November 2. Curated by […]
Romanian businessman Vladimir Ciorbă, investigated in the now-famous Nordis case together with former Social Democratic deputy Laura Vicol, is now permitted to leave the country after judges lifted the judicial control measure. The controversial real estate developer Nordis, operating in some of Romania’s prime residential and commercial areas, collected nearly EUR 200 million through a […]
In a period marked by social and economic tensions, most employees in Romania want to grow more and faster both professionally and personally. Nearly 60% believe that employers could make greater efforts to support their development, according to a Genesis Property survey conducted in the first half of 2025 on a nationally representative sample of […]
Romanians remain worried about job security amid economic uncertainty, with many lacking financial safety nets and expressing doubts about their chances of quickly finding new employment, according to a new survey conducted by OLX Locuri de Muncă. Only one in three respondents said they consider their current job secure in the long term, while 29% […]
