*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's Social Democratic Party (PSD) may insist on hiking the minimum wage as of January 2026, in line with the national legislation, but also to implement the Directive (EU) 2022/2041 on minimum wage as already envisaged last year. This puts at risk the government's plans for keeping the wages in the budgetary sector constant until […]
The Turceni City Hall signed on Tuesday, October 14, a financing contract with the European Investment Bank (EIB) for a project that aims to create a renewable energy hub, Economica.net reported. The project, worth a total of...
The Danish company Eurowind, which has been present on the Romanian market for 14 years, will develop large-scale wind, photovoltaic, and battery projects in Romania. The target is 1,000 MW installed by 2030, and a third of the group's investments are allocated to Romania, according to
Cristian Geanaliu, Executive Director of Global Markets at Garanti BBVA Romania, analyzes the persistent inflation and the ongoing imbalance between monetary and fiscal policies shaping Romania’s economic outlook for 2026. Romania enters the last quarter of 2025 within a complex macroeconomic framework. An inflation rate well above the central bank’s target, high interest rates, a […]
One day before the closing of the subscription phase for the IPO at Grup EM, which includes Electromontaj among other companies in the group, reached a subscription level of only a quarter of the total securities put up for sale. The relative caution of investors can be explained by a combination of bad memories from […]
Romanian ice cream maker Alpin 57 Lux, an entrepreneurial company taken over in 2016 by Lithuania's Food Union, will be sold under a regional deal to Froneri – a partnership between the Swiss agri-food giant Nestlé and the investment fund PAI Partners, Profit.ro...
