On Thursday, the European Commission reaffirmed its position that Romania and Bulgaria are fully prepared for full accession to the Schengen area."Regarding the Commission's position on lifting internal border controls for Bulgaria and Romania, this remains clear, as President Ursula von der Leyen stated in the political guidelines for the next European Commission (2024-2029): Bulgaria and Romania have demonstrated their capacity related to border management and returns. They are prepared and should fully benefit from the Schengen area," a spokesman for the European Commission told Agerpres.He thus answered a question regarding the consequences of the introduction of internal border controls by several Schengen states on the expansion of this area through the full integration of Bulgaria and Romania, including land borders."The Council will have to take an additional decision to set a date for the lifting of internal land border controls between Bulgaria, Romania and other Schengen countries. The Commission will continue to provide all necessary support to the Presidency of the Council to ensure that a decision on land borders can be taken in 2024,'' the quoted spokesperson added.Ten days ago, Germany introduced, for a period of six months, controls at all its land borders to combat illegal immigration.The German authorities had already introduced controls at the borders with several neighboring countries, and from September 16 these measures were extended to the borders with Luxembourg, Belgium, the Netherlands and Denmark.According to the EU asylum rules (the so-called Dublin regulation), asylum applications must be processed in the member state where the migrant first enters the EU bloc.The Schengen area is the free movement area of the European Union that includes most of the 27 EU member states. At the end of March of this year, Romania, together with Bulgaria, joined this area partially - only with air and sea borders due to the lack of unanimity in the EU Council, and a decision on the elimination of land border controls is still awaited.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
