Talks on Romania's full Schengen accession are making progress, Foreign Affairs Minister Luminita Odobescu told a press conference on Monday, stating that she is "optimistic" about the outcomes."An official decision regarding the final, full entry to the Schengen Area must go through a series of mandatory institutional steps. We are optimistic, but we are still working in this direction and I can say that the outlooks are positive due to Romania's readiness not only in what concerns the fulfillment of the accession criteria, something that is already known, but also thanks to what we did in terms of protecting the EU's external borders, to the permanent and constant dialogue we had with the other states, and to our contribution to ensuring the security of the external borders," the Romanian top diplomat said.Odobescu said that "the last months' results in considerably reducing and, in particular cases, even in eliminating illegal migration in the region are also due to the considerable efforts put in by Romania together with its external partners."The foreign minister said that at his meeting on November 22 in Budapest with his Bulgarian and Austrian counterparts, the Romanian minister of the interior will discuss the exact Schengen accession calendar and the technical details."It's encouraging that the new European Commissioner for Migration has set himself as a goal for his term the completion of this process," Odobescu pointed out.Regarding Romania's inclusion in the Visa Waiver program, the foreign minister said that there is "significant progress"."We are optimistic, the signals are positive, but there are still a number of procedural steps. This month we will receive an assessment mission of the American authorities, after which the Department of State, the Department of Homeland Security and the American Congress must go through a series of internal procedures, which we hope will be completed in a reasonable time, so that next year the Romanian citizens can enjoy Romania's full Visa Waiver status," detailed Odobescu. (Photo: www.mae.ro)
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
The private medical services operator MedLife (BVB: M) increased its turnover by 19.5% in the first nine months of the year, to RON 2.36 billion (EUR 464 million). However, the company reported a financial loss of RON 6.3 million (EUR 1.2 million) as a result of the rise in the exchange rate. The company turnover […]
CTP, a leading developer, owner, and operator of industrial and logistics properties in Europe, is moving forward with the construction of a new 10,800 sqm building at CTPark Oradea North, further expanding its presence in western Romania. With this addition, the company’s development pipeline in Oradea now exceeds 100,000 sqm of gross leasable area. Located […]
The Romanian Investment and Development Bank (BID) has joined the Three Seas Initiative (3SI) Innovation Fund with a EUR 20 million commitment, becoming the fifth national promotional institution to back the EIF-led instrument. The fund, which backs growth-stage companies across Central and Eastern Europe, has now reached EUR 100 million in national contributions from Romania, […]
2025 will end with over 1,000 premium and luxury dwellings delivered in new residential projects from Bucharest and its surroundings, a record for the recent history of the local residential market, according to a market report issued by real estate consultant SVN Romania. The surge is driven by several medium- and large-scale developments, each featuring […]
