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.
Dutch non-food discounter Action opened its first store in Romania on Wednesday, September 24, entering a market dominated by low-cost chains Pepco and Kik as it pushes forward with its European expansion. The new unit is located in the Supernova shopping center in the city of Pitești. The company said it plans to open additional […]
A major fire broke out in Bucharest on the evening of Tuesday, September 23, at a warehouse near the popular Mega Mall. The flames spread over an area of 7,000 square meters before being localized around midnight, and the thick smoke caused high air pollution in the capital city. Firefighters battled the fire throughout the […]
Romania’s far-right MEP Diana Iovanovici-Șoșoacă rejected the prosecutors’ request for the European Parliament to lift her immunity, calling the move politically driven and aimed at silencing her. The request relates to cases of unlawful deprivation of liberty, Holocaust denial, public promotion of the cult of persons convicted for genocide and...
Martin O’Donnell, spokesperson for the NATO Supreme Allied Commander Europe, said in a recent interview that the alliance is firmly committed to the defense of Romania and the entire eastern flank. The statement comes two weeks after general Grynkewich, Supreme Allied Commander Europe, announced the launch of the Eastern Sentinel program, which sees increased NATO […]
Dylan Delhommois traded France for Romania four years ago and has not looked back since. At the start of this month, he took over as CEO of Romania Insider, the publisher of this website, where he works to develop new channels designed to cater to a broader audience. More about his role at Romania Insider […]
The European Commission will begin a structural dialogue with the European Parliament on November 3 regarding a possible suspension of EU funds for Romania, according to a statement by Member of the European Parliament (MEP) Dan Barna, as reported by Agerpres...
