The Government approved on Tuesday, through a decision, the start of bilateral negotiations with the Republic of Turkey for the conclusion of a new agreement based on the Schengen acquis in terms of visas.According to a press release from the Government, the governmental agreement with Turkey regarding the reciprocal travel of citizens, signed in Bucharest on February 17, 2004, as amended by two Protocols signed between the two governments, in Bucharest, on October 25, 2007, was partially denounced, respectively, in Ankara, on September 19, 2013."The articles that provided visa exemptions for the citizens of the two states were denounced. They referred, for example, to holders of diplomatic, service or special passports, to employees of companies from the two states, who work in air, maritime transport, rail or road transport, of goods or people. Also, businessmen or representatives of commercial companies. The reason is the alignment of the bilateral agreement with the Schengen acquis, which Romania applies in its entirety from March 31, 2024. Bilateral negotiations will begin for the conclusion of a new agreement, based on the Schengen acquis in terms of visas. The partial denunciation does not affect the execution of the rest of the provisions of the agreement," the release said.
Romania has reached a purchasing power per capita of EUR 11,105, approximately 45% below the European average – a figure that places the country in 31st place in the European top, according to the "NIQ Purchasing Power Europe 2025" study. Compared to 2024, Romania moved up one position in the NIQ ranking. Comparatively, at a […]
Ionuț Costea, former head of EximBank, and Sebastian Vlădescu, former finance minister, were released on November 5 following an extraordinary prescription procedure, according to a statement from Romania's High Court of Cassation and Justice (ICCJ). The two had been sentenced in 2023 to six and seven years in prison, respectively, for taking a EUR 5.5 […]
Prime minister Ilie Bolojan, who also serves as president of the Liberal Party (PNL), stated on November 4 that, at the meeting of the party's National Political Bureau the same day, support was renewed for resolving the issue related to special (magistrates') pensions this month, but also for the reform in public administration, according to
Knauf Insulation Romania, the local subsidiary of a division of the German group Knauf, has officially inaugurated its new glass mineral wool factory in Târnăveni, Mureș County, after an investment of EUR 140 million, for which the company also received EUR 18 million in state aid. "Our factory in Târnăveni, equipped with state-of-the-art technology, has […]
Corden BioChem, an expert in industrial biotechnology, could resume production at the bioethanol factory it took over from Swiss Clariant in southern Romania (or "Lesser Wallachia" as indicated by the company) at Podari, after the Competition Council authorised the takeover of the steam and electricity supplier. The company announced on its website that the Podari […]
Romania’s general government budget deficit can drop below 6.5% of GDP next year, possibly approaching 6% of GDP, to further drop below 5% of GDP if the tax evasion and tax avoidance are addressed, the head of the Fiscal Council, Daniel Daianu, said, speaking in a conference organised by Curs de Guvernare, as reported by […]
