The Netherlands have officially given the green light for Bulgaria and Romania’s full Schengen membership, following a vote in the Dutch parliament which took place on Wednesday and supported this recent decision of the government, relates the news site of the Bulgarian public television, says News.ro. On Wednesday, the Freedom party of the extremist Geert Wilders, the largest party in the Dutch government coalition, tried to introduce a parliamentary motion through which to urge the government to vote against Bulgaria and Romania’s full Schengen membership. However, this motion was rejected. The other parties in the government coalition of the country voted, similarly, against this. For years, the Netherlands stood in the way of the two countries becoming part of the Schengen Area. They were joined in this by countries like Austria. But the previous Cabinet, who were in caretaker status at the time, changed their opinion on this last year. They felt that Bulgaria would help better protect Europe's borders along Turkey. They also believed that Bulgaria would combat corruption and would do a good job at safeguarding the rule of law. Austria stipulated that controls at the country's borders should remain in place, but also withdrew the latter resistance last month. All vetoes against both countries, which had been agreed to join the Schengen Area together, have thus been removed. EU interior ministers are due to vote in Brussels on Thursday on whether Bulgaria and Romania should be fully admitted to the Schengen area. If the decision on Romania and Bulgaria's full Schengen membership is approved by the JHA Council on Thursday, land border controls between and with Romania and Bulgaria will be lifted from 1 January 2025. However, the two countries have pledged to continue random border checks for another six months.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
