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.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
