Romania and Bulgaria are the newest members of the Schengen Area. Border controls were lifted for air and sea travel on 31 March 2024 and land border controls on 1 January 2025, more than 17 years after they acceded to the European Union.
The Schengen Convention establishes the complete abolition of systematic internal border controls and...
Romania has come to have over 140,000 workers from outside the European Union, attracted mainly to sectors with chronic staff shortages, such as manufacturing, construction, and trade. Companies do not choose them because they are cheaper – on the contrary, the total costs can be up to 10% higher than for a Romanian worker, due […]
Romanian officials have sharply criticised the European Commission's first draft proposal for the European Union's 2028–2034 multiannual financial framework, expressing concerns over plans to merge structural funds with agricultural subsidies under a performance-based disbursement model. Member of the European Parliament Victor Negrescu and Minister of Agriculture Florin Barbu both rejected the proposal, warning that it […]
The National Agency for Fiscal Administration (ANAF) announced in a press release that it has started the procedure to verify potential profit shifting for 2,768 companies registered in Romania. Thus, between July 17 and August 29, ANAF said it is collecting information on the type and amount of companies' expenses in the period 2020–2024, in […]
Shareholders of Purcari winery (BVB: WINE) placed offers to sell 21.1% of the total number of shares to the Polish group Maspex, on the first day of the takeover bid organised by the latter for 98.4% of the winery's shares, according to
Romania's last operating fertilizers producer, Azomures, owned by Swiss Ameropa but eyed for takeover by Romgaz, resumed operation at 30% capacity after an outage of nearly one year caused by high raw material (natural gas) prices. At the beginning, the plant started producing ammonia, which is a precursor to the manufacture of complex fertilizers. Ameropa […]
JW Marriott Bucharest Grand Hotel is delighted to introduce BBQ Nights at OLEA, a weekly culinary celebration that brings the soul of Levantine charcoal tradition to the heart of the city. Held every Thursday evening, the garden of OLEA is transformed into a vibrant, open-air grill terrace, where authentic Middle’teranean flavors meet refined hospitality under […]
