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).
“All sites in the “Lukoil” retail network are functioning and will continue to operate in normal mode.” This is stated in a press release from the company regarding information spread in some media about the upcoming termination of the activities of..
The parliamentary Energy Committee has rejected President Rumen Radev’s veto on the legislative amendments concerning the powers of the special manager of “Lukoil Neftohim Burgas.” President vetoes legislative amendments related to the special..
For the first time in the 40-year history of the audio-visual show "Tsarevgrad Tarnov - Sound and Light" in Veliko Tarnovo, its two versions will be shown in one day, the press center of the municipal administration has reported...
Bulgaria consistently opposes proposals to remove the requirement for unanimity in decision-making within the framework of the EU’s Common Foreign and..
"As of today, there will be no acting mayor of Varna and the position will be held by the legally elected mayor Blagomir Kotsev," said..
President Rumen Radev has vetoed the legislative amendments related to the appointment of a special commercial administrator in the..
Partly Cloudy
Mostly Cloudy
Fog