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.
Stadio Hospitality Concepts (SHC), one of the most relevant and forward-thinking players in Romania’s hospitality industry, has undergone a remarkable evolution in recent years, expanding its portfolio, refining its concepts, and continuously enhancing the guest experience across all its venues With each new opening or reinvention, SHC has strengthened its position as a trendsetter. Guests […]
Romanian president Nicușor Dan called for firm security guarantees for Ukraine and the immediate return of children abducted during the war, stressing that both are vital to a just and lasting peace. In a message after European Council and Coalition of the Willing videoconferences on Tuesday, August 19, which followed high-level talks in Washington, Dan […]
The medieval fortress of Orăștie, in western Romania, was reopened on Monday, August 18, to the general public, after several years in which it underwent a process of conservation and restoration. The fortress, located in Hunedoara County, is now part of the local tourist attractions in the Mureș Valley. “We are inaugurating an important project […]
The famous Babele Cabin, located at an altitude of 2,206 meters on the Bucegi plateau near the Sphinx and Babele formations, was put up for sale for EUR 1.6 million. Built in 1970, the building is in an advanced state of degradation and requires renovation. It has a total of 20 rooms and over 1,760 […]
One of Bucharest’s most popular summer events is back as Cinema în Aer Liber kicks off its 2025 edition on the Insula Artelor in Titan Park. Running from August 19 to September 14, the festival will transform the island into an open-air movie theater, offering audiences four weeks of free evening screenings. This year’s lineup […]
Maria Dănilă, from Constanta, is the first woman in Romania to climb the K2 peak, in the Karakoram mountain range on the border between China and Pakistan. With this climb, she completed the list of the highest peaks in the world, according to Protv.ro. K2 is not only the second-highest peak...
