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).
Austria has lifted its veto on Romania and Bulgaria’s full membership of the Schengen area, the Austrian Ministry of Interior has announced. “We can take the next step at the EU (Justice and Home Affairs) Council,” Interior Minister Gerhard..
On 10 December, in accordance with the Constitution, President Rumen Radev is beginning consultations with the parliamentary groups in the 51 st National Assembly of Bulgaria prior to handing an exploratory mandate for the formation of a new..
The Sofia Regional Health Inspectorate has reported the country's second case of monkeypox this year, registered last week.The infected person is 37 years old, has been quarantined at home and is in good condition, with a mild course of the disease. The..
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..
On Tuesday, the weather will be predominantly cloudy with rain, more significant precipitation is in the forecast for Eastern Bulgaria. The..
The Sofia Regional Health Inspectorate has reported the country's second case of monkeypox this year, registered last week.The infected person is 37..
Mostly Cloudy
Cloudy