Good news for anyone planning a flight to Bulgaria or Romania: From March 31 onwards, there will be no more passport checks for people flying in from other Schengen area states. What does this mean for travellers? First and foremost, it will save time at the airports - for example for anyone on holiday at the Black Sea coast and flying to Burgas or Varna, as there is one less queue to join before take-off and after landing. Does this mean I don't need a passport? No. There is still a requirement to carry a valid passport or identity card when leaving and re-entering countries within the Schengen area. Even in the Schengen area, countries can carry out spot checks under certain conditions - which is another reason why it is always advisable to have identification with you. What if I'm not flying and crossing a land border into Bulgaria or Romania instead? The end of passport checks only impacts internal air and sea borders. Anyone travelling by car or coach from another Schengen state, for example from Hungary to Romania or Bulgaria to Greece, will still have to show their passport. During busy holiday periods, you can even expect to have to wait several hours at the border before being checked. The Schengen area is intended to guarantee the unrestricted movement of people in Europe. Border checks between the 27 Schengen members are largely suspended allowing people to travel, work and live in another member country without visas or permits. So far, 23 of the 27 EU member states as well as Iceland, Liechtenstein, Norway and Switzerland are part of the Schengen area. Romania and Bulgaria had been waiting to join Schengen since 2011. Apart from Bulgaria and Romania, Ireland and Cyprus are the only EU countries that are not part of the Schengen area. (Source:https://www.dpa.com/en/international-news)
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
