On the night between Saturday and Sunday, as of 12.00 am, Romania joined the Schengen Area with its air and sea borders.In Bucharest, this moment was marked by an event that will take place at the "Henri Coanda" - Otopeni International Airport, at the Departures terminal.A similar event was scheduled, on the night between Saturday and Sunday, at 11.30 pm, at the "Avram Iancu" International Airport in Cluj-Napoca.The Ministry of Interior informs that, with regard to the traffic through the air border crossing points, starting with March 31, with the accession of Romania to the Schengen Area, people who make flights to or from Schengen member states will no longer have to pass through border control.Thus, at the airport, after passing the security check, passengers will go directly to the boarding gate without stopping at the Border Police filters to have their travel documents checked.However, police checks are possible to establish the legal status of the persons. Their purpose is to prevent cross-border crimes and illegal migration."It is important to note that all passengers will still need a valid travel document. Regarding minors, we specify that they will be able to travel in the Schengen Area with exactly the same documents that they must have at this time when traveling abroad," stated the Ministry of Interior.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
