Latest News from Romania
Schengen Entry to Boost Bulgarian and Romanian Tourism, Experts Say
The entry of Bulgaria and Romania into the Schengen area by air and sea is anticipated to have a significant impact on tourism, with experts predicting a substantial increase in visitor numbers. According to international publication "Euronews," experts estimate that tourism in both countries could surge by 15 to 25 percent following their integration into the Schengen zone.
Bulgaria in Air and Sea Schengen: Questions and Answers
Bulgaria has joined the Schengen area for free travel, but initially only by air and sea routes. This entails the elimination of border controls for air travel among member countries of the agreement. Here are some key questions and answers for travelers regarding this development:
What is Schengen?
Bulgaria and Romania Set to Join Schengen Area by Air and Sea: EC President Hails Historic Moment
In a significant milestone for Bulgaria and Romania, the two countries are poised to become part of the Schengen area by air and sea, marking a momentous occasion in European integration. The move, scheduled for Sunday, will streamline travel procedures and eliminate border checks at airports and seaports, facilitating seamless movement for travelers within the Schengen zone.
Bulgaria, Romania take first steps into Europe's vast visa-free zone
After 13 years of waiting, Bulgaria and Romania are to partially join the Europe's vast Schengen area of free movement on Sunday, opening up travel by air and sea without border checks.
But land border controls will remain in place due to Austria's opposition to the eastern European countries becoming full members of the Schengen zone for fear of an influx of asylum seekers.
Explosion Rocks Romania's Largest Refinery - Petromidia
An explosion shook the largest Romanian refinery, Petromidia, located in Constanta County on the Black Sea coast, this morning, as reported by Radio Romania. Fortunately, authorities have confirmed that there were no casualties resulting from the incident, although measures are underway to assess the extent of air pollution caused by the explosion.
Russian Drone Strikes Ravage Ukraine
Russian forces have launched a devastating drone attack across the entirety of Ukraine, leaving a trail of destruction and casualties in its wake. The assault, which struck residential areas in cities like Zaporizhzhia and Kharkiv, has sent shockwaves through the region, prompting urgent responses from international leaders and organizations.
EU Grants Rheinmetall Over 130 Million Euros for Ammunition Production Expansion
German arms manufacturer Rheinmetall has secured a substantial financial boost from the European Union, receiving over 130 million euros to enhance its ammunition production capabilities. The funding is earmarked for the production of 155 mm ammunition and gunpowder, with projects set to take place in Germany, Hungary, Romania, and Spain.
Bulgaria Reports Lowest Hourly Labour Costs in EU for 2023: Eurostat
Eurostat's recent publication on Wednesday showed insights into hourly labour costs across the European Union (EU) in 2023, indicating a notable rise compared to the previous year. The average hourly labour costs for the entire economy were estimated at EUR 31.8 in the EU and EUR 35.6 in the euro area, marking an increase from EUR 30.2 and EUR 34.0, respectively, in 2022.
Bulgaria's E-commerce Set to Contribute 2.11% of GDP in 2023
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector. Citing data from three studies, Ilchev disclosed that e-commerce is anticipated to account for 2.11% of Bulgaria's GDP in 2023, up from 1.92% in 2022.
European prices with Balkan purchasing power
Despite the increase in the minimum wage in 2023, Greece's gross domestic product (GDP) per capita expressed in purchasing power standards is 67% of the European average, according to Eurostat.
This puts Greece in 26th place among the 27 member-states, with Bulgaria in last, where GDP per capita in purchasing power units was 64% of the European average.