The Council of Ministers in Sofia adopted on Wednesday a decision on the temporary introduction of controls at the Bulgarian-Romanian internal border and the suspension of the operation of border crossing points at the Bulgarian-Romanian and Bulgarian-Greek internal borders, a decision prior to the actual accession to Schengen with land borders, which was agreed with Romania, Hungary and Austria on November 22, in Budapest, informs the BTA agency. The decision aims to ensure the implementation of the Quadripartite Declaration between Austria, Bulgaria, Hungary and Romania, agreed on 22 November this year in Budapest, as well as the (European) Council Decision on setting the date for the lifting of checks on persons at internal land borders with and between the Republic of Bulgaria and Romania, BTA states. In accordance with the Quadripartite Budapest Declaration, in order to prevent possible security threats generated by a change in migration patterns, which could arise as an immediate consequence of the absence of internal border controls, border controls will be carried out at border crossing points at the internal border with Romania for a period of six months starting from 1 January 2025, after which they will be suspended. On 12 December, the Council of the European Union decided that Romania and Bulgaria will also join Schengen with their land borders from 1 January next year, which means that Romania and Bulgaria will become external borders for the Schengen area. (Photo:https://www.politiadefrontiera.ro/)
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
