The Hungarian presidency of the EU Council asks that Romania and Bulgaria become full members of the Schnegen Zone by the end of this year, Hungarian PM Viktor Orban told the plenum of the European Parliament, in Strasbourg, as part of the debate on the priorities of the Hungarian Presidency.The Hungarian head of Executive said that the asylum system does not function and that "if we allow someone in, we cannot ever send him back home again.""The EU policy on migration failed, and we can see the consequences of this fact. Several member states are trying to find solutions. Illegal migration and the fears related to safety led to strengthened border controls," Orban said at the debate.In this context, Viktor Orban proposed a system that will allow high level meetings between heads of state and Executive of the Schengen member states, the same as it happened for the Eurozone in 2008, during the financial crisis. (Photo:https://multimedia.europarl.europa.eu/en)
Romanians celebrate Saint Nicholas (Sfântul Nicolae) on December 6, a tradition that has grown far beyond its religious roots and signals the official start of the holiday season. The day is especially beloved by children, who eagerly prepare their freshly polished boots in hopes of finding small gifts in the morning. Many Romanians also celebrate […]
The newest episode of Voices of Romania, Romania Insider’s interview series, is now available on Spotify, YouTube, Apple Podcasts, Deezer, and all...
ASFAT, a wholly state-owned company operating under Türkiye’s Ministry of National Defence (MoND), has signed an agreement for the delivery of the light corvette Akhisar to the Romanian Naval Forces. This transaction represents a milestone for Türkiye’s defence industry, as it is the first international sale of a combat ship built in Türkiye to a […]
Wind projects with a total capacity of almost 316 MW have been declared winners in the third auction under the Contracts for Difference (CfD) scheme, above the minimum threshold set by the Ministry of Energy, according to sources quoted by Economica.net. The third auction was organised because of insufficient projects approved under...
Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Romania-based, state-owned bank CEC Bank at BB/stable, its Viability Rating (VR) at bb, and Government Support Rating (GSR) at b, based on the bank's moderate, albeit strengthening, business profile, adequate capitalisation, and reasonable funding and liquidity. This puts the Romanian bank's rating two notches […]
Romania's Ministry of Transport blocked a key procedural step required for the listing of Bucharest Airports Company on the Stock Exchange (BVB) after opposing an item on the shareholders' agenda concerning the resumption of the auditor selection process. The vote took place at the end of November, following a request by Fondul Proprietatea, which holds […]
