The financial effect of our country's accession to Schengen by land will amount to BGN 1.63 billion (EUR 833.4 million) per year, according to a study by the Economic Research Institute at the Bulgarian Academy of Sciences.
The greatest benefit will be for heavy road transport and for producers and exporters of goods, estimated at 1.39 billion BGN (EUR 719 million). Another benefit of Bulgaria's accession to the Schengen Area by land will be the elimination of direct and potential losses for Bulgarian citizens when crossing the land border with Romania and Greece in the amount of 242,437 days. The fourth benefit will be related to the overall environmental effect of the extended waiting time for border control. "With the opening of the Schengen Area by land, carbon emissions will also significantly decrease", the study reads.
There will also be direct fiscal benefits from Bulgaria's accession to Schengen, estimated at around 138 million BGN (EUR 79.5 million).
President Rumen Radev continues consultations with parliamentary groups for the formation of a new government, after meeting with GERB-SDS and PP-DB today . However, a meeting with DPS - A New Beginning led by Delyan Peevski is not scheduled. This..
At a meeting with caretaker Premier Dimitar Glavchev, National Assembly Speaker Natalia Kiselova reaffirmed her intention that the state budget for 2025 be adopted as soon as possible. Before that, however, the parliamentary committees are to..
The formation of a majority is a pretty challenging task in a highly fragmented parliament. I am glad that parliament is starting its work in substance, said President Rumen Radev at the beginning of his meeting with representatives of GERB/SDS at..
The decision to scrap Schengen border checks by land for Bulgaria and Romania has been included as the first item on the agenda of the EU Justice and..
Democratic Bulgaria has issued a position stating that an attempt must be made to form a government within the current parliament so as to avoid one..
On Tuesday, the weather will be predominantly cloudy with rain, more significant precipitation is in the forecast for Eastern Bulgaria. The..
Mostly Cloudy
Cloudy