On Thursday, the European Commission reaffirmed its position that Romania and Bulgaria are fully prepared for full accession to the Schengen area."Regarding the Commission's position on lifting internal border controls for Bulgaria and Romania, this remains clear, as President Ursula von der Leyen stated in the political guidelines for the next European Commission (2024-2029): Bulgaria and Romania have demonstrated their capacity related to border management and returns. They are prepared and should fully benefit from the Schengen area," a spokesman for the European Commission told Agerpres.He thus answered a question regarding the consequences of the introduction of internal border controls by several Schengen states on the expansion of this area through the full integration of Bulgaria and Romania, including land borders."The Council will have to take an additional decision to set a date for the lifting of internal land border controls between Bulgaria, Romania and other Schengen countries. The Commission will continue to provide all necessary support to the Presidency of the Council to ensure that a decision on land borders can be taken in 2024,'' the quoted spokesperson added.Ten days ago, Germany introduced, for a period of six months, controls at all its land borders to combat illegal immigration.The German authorities had already introduced controls at the borders with several neighboring countries, and from September 16 these measures were extended to the borders with Luxembourg, Belgium, the Netherlands and Denmark.According to the EU asylum rules (the so-called Dublin regulation), asylum applications must be processed in the member state where the migrant first enters the EU bloc.The Schengen area is the free movement area of the European Union that includes most of the 27 EU member states. At the end of March of this year, Romania, together with Bulgaria, joined this area partially - only with air and sea borders due to the lack of unanimity in the EU Council, and a decision on the elimination of land border controls is still awaited.
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to
The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania. The Romanian government will address […]
Romanian president Nicusor Dan reiterated in a speech at the 2025 Digital Governance Summit organised by Edge Institute at Cotroceni Palace and published on the Presidency's webpage, thus making it somewhat official, an invitation addressed to the "private community" to draft regulations and sectoral policies that the state is unfortunately unable to design, such as […]
Premier Energy Group (BVB: PE), a leading vertically integrated utility company in Southeastern Europe listed on the Bucharest Stock Exchange, reported its normalized revenue grew 40% y/y to EUR 1.17 billion, while normalized EBITDA rose by 36% y/y to EUR 94 million in the first nine months of 2025. On a reported IFRS basis, revenue […]
Autonom Services, a mobility services company with bonds listed at the Bucharest Exchange, has entered into a credit facility agreement with a total value of EUR 300 million, with an option to subsequently increase the facility by up to EUR 50 million. The financing was attracted from a syndicate of banks that included Banca Transilvania, […]
