*Vienna proposes easier air travel in the EU for Bulgarians and Romanians, according to media reports, https://www.politico.eu/ informs. Austria’s interior minister indicated that the country’s objection to Romania and Bulgaria joining the Schengen area could be softened when it comes to air traffic. Multiple Austrian media outlets have reported that Austrian Interior Minister Gerhard Karner is willing to remove barriers to intra-EU travel for Romanians and Bulgarians, while remaining against the two countries joining the Schengen area due to illegal migration concerns. Under his offer, passengers from Romania and Bulgaria wouldn’t need to go through passport control when flying within the EU. However, there are also a set of conditions for this to be allowed, including Bulgaria needing to agree to more Frontex operations and increased border controls in Romania and Bulgaria. Romanian Prime Minister Marcel Ciolacu wrote on Facebook that the ice had been broken, saying the development means that “Romanians will no longer stand in endless queues when they fly within the European Union.” “After years of waiting, we will realize this dream together! Romania deserves to be in Schengen,” Ciolacu said. In September, Ciolacu threatened Austria with a court case, saying that he would challenge Vienna's veto at the European Court of Justice “in order to claim compensation for the losses caused by non-accession.”
Romania raised approximately EUR 5 billion on July 9 in its first FX bonds issued after the political normalization and the fiscal corrective package aimed at addressing its major fiscal slippage, amid reported robust demand. The country's borrowing cost, revealed by both the spreads in the FX bond issues and the yield for the 10-year […]
A violent storm with extremely strong winds struck the popular mountain town of Sinaia, Prahova Valley, on July 9, causing significant damage, injuring at least 16 people, and disrupting transport and local infrastructure. Historical sites in the city have also been affected. Authorities had issued a message via the RO-Alert system ahead of the storm, warning […]
Bogdan Mircea Petre, one of the lawyers who represented far-right politician Călin Georgescu, is allegedly involved in a case of sexual assault after he was caught in the act during a meeting with a minor, according to Digi24. The “sting operation” was organized by Alex Costandachi, known in the public space as Justițiarul...
Roughly 8 out of 10 chief financial officers, or CFOs, from Romania’s largest companies say they now need constantly updated financial forecasts, unlike previous years when the focus was primarily on financial results, budgeting, and accounting, according to Inulta, a company specializing in Corporate and Enterprise Performance Management. The forecasts come to offer a degree […]
Romanian prosecutors have placed a precautionary seizure on the accounts and assets of the mercenary Horațiu Potra, in a case of tax evasion, embezzlement, and money laundering. The measure targets over RON 24 million, nearly 30 kilograms of gold, a property in Bucharest, and 11 properties and apartments in Sibiu. According to investigators cited by […]
The first sales figures from two of the largest European markets, France and Germany, both major markets for the Dacia brand, show that the debut of the carmaker's largest SUV, the Bigster, has been impressive. June data on car registrations in Germany show that the Dacia Bigster managed to sell 1,227 units in its second […]
