A collection of 212 posts
Romania and Bulgaria partly entered the Schengen free movement zone at midnight Sunday, 31 March, meaning air travel and freight, and sea freight in and out of the Central and Eastern Europe (CEE) countries no longer requires document control. The two countries’ partial Schengen membership does not include land routes
Europe remains heavily reliant on energy imports even after recent crises, as dependence on Russia has been replaced by that on other countries, according to an Intelligent Energy Association (AEI) analysis, based on data from the EU’s official statistics agency Eurostat. Romania is the country least dependent on imported
Romanian President Klaus Iohannis has approved the transit of Finnish equipment and supplies to Ukraine as well as the relevant training of around 50 Ukrainian pilots, the Romanian parliamentary press service announced on Monday, 18 March. The training of the pilots will take place in the second half of the
A total of EUR 400mn will be available to Romanian short- and medium-sized enterprises (SMEs) from 1 April, as the Start-Up Nation financing line enters a new phase thanks to an agreement with the European Commission (EC), Romanian European Investments and Projects Minister Adrian Caciu announced, news.ro reports. “After
The highest shares of women tertiary education graduates in the scientific STEM subjects were recorded in Romania (42.5%) and Poland (41.5%), according to new data released by the EU official statistics office Eurostat on International Women’s Day on 8 March. STEM subjects include engineering, natural sciences, mathematics
The rating for Romania’s long-term foreign currency debts is BBB- with a stable outlook, Fitch announced. According to the rating agency, the rating is due to Romania’s EU membership and associated capital inflows to support revenue convergence, external finances and macroeconomic stability. GDP per capita and human development
Blue Air’s restructuring plan has failed to restore its long-term viability and the Romanian state must return the EUR 33.84mn it gave to the Romanian airline during the pandemic, as it was incompatible with EU state aid rules, the European Commission (EC) announced. Romania bailed out struggling airline
The expansion plan of the new ammunition plant of Rheinmetall in Varpalota, west Hungary, has been underway since January, the German automotive and arms manufacturer has revealed. The extension will increase the size of the plant by 20 hectares to some 120 hectares and payroll to around 200 employees. The
German defence industry group Rheinmetall has acquired a 72.5% stake in Automecanica Medias from Romania, estimating that it will have an annual sales potential of up to EUR 300mn. The rest of the company’s shares will remain in private ownership. The contract still requires approval from the relevant
Romania has economically surpassed Greece, Hungary and is closing in on Poland, Romanian Economy Minister Stefan Radu Oprea underlined in a summary of his speech at an “Anti-RO-exit” event, against “extremist voices” who advocate for Romania leaving the EU. In a post that poses the question: “What would Romania’s
The number of battery-only electric passenger cars in the EU neared 3mn in 2022, up 55% from 1.9mn in 2021, according to the EU’s official statistics office Eurostat. In Central and Eastern Europe (CEE), Austria has the highest ratio of cars under two years of age, with 13%
More than 42,000 electric cars have been registered, so far, in Romania, of which around 16,800 only in 2023, 35% more than in 2022, according to research published Thursday. Researcher Lektri.Co was established in Timisoara in 2018, and operates 20 charging stations are present in Romania, Serbia,
New train services will run from March between Ruse, north-east Bulgaria, and Henri Coanda Otopeni International Airport via Giurgiu, south Romania, and Bucharest North railway station, tourism website bgtourism.bg announced. Private railway operator Transferoviar Calatori (TFC) will run the link to Romania’s busiest airport, which is possible due
The share of renewable sources in gross final energy consumption at the EU level reached 23% in 2022, up 1.1 percentage points (pp) year-on-year, the bloc’s statistics office Eurostat reports. The EU’s revised Renewable Energy Directive has upped the bloc’s 2030 renewable energy target from 32%
In recent months, Austria’s stance on Romania and Bulgaria’s Schengen Area accession has been shifting, particularly in terms of air travel. Now Austria has proposed a conditional easing of its stance via “Air Schengen,” an initiative that would allow passport-free air travel for these two countries while maintaining