Three Bulgarian majors are planning to float on Romania‘s stock exchange as the bourses in the two countries are due to sign an agreement on the exchange of stock market trading data. The agreement, part of efforts to make the two bourses more attractive to foreign partners, is to be signed by the end of the month, Vassil [...]
There is progress in the Netherlands with respect to lifting the Dutch veto on Bulgaria and Romania‘s Schengen Area accession, according to the Dutch Christian Democratic Party, a MP claim. Dutch Christian Democratic Member of Parliament Henk Jan Ormel spoke on the Bulgarian National Radio Saturday, stating that Bulgaria and Romania‘s chances of joining the visa-free Schengen agreement are growing. In September 2011, [...]
The Heads of Delegation of the European People’s Party Group’s 10 Central and Eastern European Member States have sent an open letter to José Manuel Barroso, President of the European Commission, over discrimination against Eastern Europe. The rightist Members of the European Parliament from Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, and Slovenia have expressed their deep concern regarding “the numerous discriminatory actions carried out against [...]
Countries that refused to open up their labor markets to Bulgarian and Romanian nationals in 2012 will have to submit their motives with the European Commissionby end-May. Nine EU countries decided to take advantage of the maximum period (December 31, 2013) to keep labor market restrictions for citizens of the EU’s two newest members, citing the crisis as a motive. [...]
Bulgaria and Romania‘s bids to join the Schengen Agreement are not likely to receive a green light by the Netherlands ahead of the country’s early elections in the fall, a Dutch expert reckons. The parties that are key for changing the Dutch stance on Bulgaria and Romania‘sSchengen entry have solid opinions on the issue, according to Adriaan Schout, Deputy Director of the Netherlands Institute for International Relations. A [...]
Bulgaria‘s banking industry is stable even though it ranks third in the European Union in terms of bad loans, IMF data shows. Bad loans in Bulgaria spiked up to 14.9% at the end of 2011 from a year ago, totaling BGN 8.365 B, according to the Washington-based lender, which confirms data by the central bank in Sofia released earlier this month. This puts [...]
Brussels will take its decision on Bulgaria and Romania‘s bids to enter the Schengen agreement in September, it was confirmed on Thursday. “I hope that in September Brussels will approve a two-phase approach for Bulgaria‘s and Romania‘s accession to the European Union’s borderless Schengen area,” Bulgaria‘s Interior Minister Tsvetan Tsvetanov announced in Brussels on Thursday [...]
Remittances – money sent by Bulgarian migrants to family members back home – continue to increase slightly, but steadily despite the global downturn, data from the central bank shows. The net sum of the remittances from Bulgarians permanently working abroad totaled EUR 773.9 M during last year. Bulgarian immigrants sent home EUR 59.8 M in [...]
Nine EU states are to share the arguments behind their decisions to stop Bulgarians and Romanians from their labor markets until the end of 2013 during EU‘s Council of Employment and Social Policy Ministers on Friday. Economic and social insecurity fueled by the financial crisis are to be presented as the leading arguments for most [...]
Denmark firmly supports Bulgaria and Romania‘s Schengen bids and hopes that the two countries would join the agreement during its EU presidency, Danish PM Helle Thorning-Schmidt has said. “Bulgaria and Romania have met the requirements for joining the Schengen Agreement; we should stimulate them by accepting them in Schengen. If someone has abided by the [...]
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