Romania’s accession to Schengen (land borders) as soon as possible is in Hungary’s national interest, stated the head of diplomacy in Budapest, Peter Szijjarto on Monday in front of the commission for national cohesion of the parliament adding that the government he is part of hopes that this will happen before the end of the Hungarian presidency of the EU Council (31st December), says the Hungarian news agency MTI.He showed the difficulties resulting from the fact that Romania is not fully part of the Schengen area, Szijjarto saying that ‘Romania took all necessary preparation measures’ in order to be accepted, as the Brussels experts’ evaluation showed, and the almost unanimous support of the EU members. When referring to Austria’s refusal to support Romania’s accession to the Schengen area, the Hungarian minister said that this is an exemple of applying double standards. ‘ Usually, when we refuse to support something, this is immediately seen as a breach of the ideals of the founding fathers and a shocking dissidence towards the European unity (…) but, when a Western European country does the same thing, it is considered the legitimate implementation of the rights coming from the EU treaties’ stated Peter Szijjarto.He said that the Hungarian government is in permanent consultations with Austria, but ‘the domestic situation in Austria has become unstable after the recent elections which were not won by the forces governing until now.Even so, the winner is not given the chance to form a government’ he added.Szijjarto stated that Hungary is among the supporters of the European action for Romania and Bulgaria to access fully the Schengen area as soon as possible. Romania’s accession would be, similarly, ‘in complete accordance’ with the interests of the Hungarian community of Romania, the Hungarian minister said.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
