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.
The Romanian Chamber of Deputies adopted a draft law establishing the year 2026 as the "Constantin Brâncuși Year” to celebrate the famous sculptor. The law, initiated by former culture minister and Social Democratic deputy Natalia Intotero, passed with a large majority, with 275 votes in favor and one vote against. Next year also marks the […]
Romanian president Nicușor Dan met with UK prime minister Keir Starmer on Wednesday morning, June 25, on the sidelines of the NATO summit in The Hague. The meeting brought together Romania’s full official delegation, including presidential security advisor Cristian Diaconescu, newly appointed foreign minister Oana Țoiu, defence minister Ionuț Moșteanu, and Romania’s permanent representative to […]
EUROPAfest 2025 will bring a special jazz experience to Bucharest this summer, transforming the Royal Palace into a stage for international artists between July 4 and 13. The festival opens with a series of concerts that highlight jazz traditions from around the world, with a particular focus on artists from Japan and Norway. The Opening […]
The publicly-traded Romanian real estate company Meta Estate Trust, ticker MET, announced a new investment worth EUR 1.52 million in four villas within the Radisson Blu Grand Mountain Resort Brașov, the first 5-star mountain villa resort in Romania. The premium resort is currently under development, and the four villas representing Meta Estate Trust’s investment are […]
Passenger car registrations in Romania recorded the sharpest year-on-year decline in Europe in May, according to data published Wednesday, June 25, by the European Automobile Manufacturers Association, or ACEA, which represents the 16 major car manufacturers in Europe. Regionally, however, the situation is different, as the auto market in Europe returned...
Maidan, a company active in event catering, industrial catering and the development of its own gastronomic products, ended the year 2024 with a turnover of EUR 3.2 million, up 30% compared to the previous year. This evolution comes in the context of an unstable economic environment, but also of significant internal transformations. Investments for the […]
