Latest News from Romania
EU Grants Rheinmetall Over 130 Million Euros for Ammunition Production Expansion
German arms manufacturer Rheinmetall has secured a substantial financial boost from the European Union, receiving over 130 million euros to enhance its ammunition production capabilities. The funding is earmarked for the production of 155 mm ammunition and gunpowder, with projects set to take place in Germany, Hungary, Romania, and Spain.
Bulgaria Reports Lowest Hourly Labour Costs in EU for 2023: Eurostat
Eurostat's recent publication on Wednesday showed insights into hourly labour costs across the European Union (EU) in 2023, indicating a notable rise compared to the previous year. The average hourly labour costs for the entire economy were estimated at EUR 31.8 in the EU and EUR 35.6 in the euro area, marking an increase from EUR 30.2 and EUR 34.0, respectively, in 2022.
Bulgaria's E-commerce Set to Contribute 2.11% of GDP in 2023
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector. Citing data from three studies, Ilchev disclosed that e-commerce is anticipated to account for 2.11% of Bulgaria's GDP in 2023, up from 1.92% in 2022.
European prices with Balkan purchasing power
Despite the increase in the minimum wage in 2023, Greece's gross domestic product (GDP) per capita expressed in purchasing power standards is 67% of the European average, according to Eurostat.
This puts Greece in 26th place among the 27 member-states, with Bulgaria in last, where GDP per capita in purchasing power units was 64% of the European average.
Early Tourist Registrations Surge on Bulgaria's Southern Black Sea Coast
Hoteliers along Bulgaria's Southern Black Sea coast are anticipating a notable increase in tourist numbers, with early bookings already showing promising growth. Both domestic travelers and visitors from key international markets such as Germany, England, Austria, and Poland are contributing to this surge in reservations.
Boundless Skies: Bulgarian Airports will Embrace the Schengen Integration with Inaugural Flights on March 31
As the clock strikes 00:20 on March 31, a significant milestone unfolds at Sofia Airport, marking Bulgaria's entry into the Schengen area by air. The inaugural Schengen flight from Naples, operated by a low-cost airline, will touch down on Sunday, symbolizing a new era of borderless travel for the nation.
EU to Supply Emergency Power to Ukraine Amidst Russian Airstrikes
Overnight Russian airstrikes targeted energy facilities across Ukraine, leaving over 1 million energy consumers in the country without electricity, as reported by Reuters.
The airstrikes primarily focused on regions in eastern Kharkiv Oblast, Odesa, Dnipropetrovsk Oblast, and Poltava Oblast, resulting in widespread power outages affecting hundreds of thousands of residents.
168 Foreigners Returned to Bulgaria Under Dublin Regulation
In a recent parliamentary scrutiny session, resigned Minister of Internal Affairs, Kalin Stoyanov, unveiled startling statistics regarding the return of foreigners to Bulgaria under the Dublin Regulation. Within just over two months, a total of 168 individuals have been repatriated to Bulgaria, shedding light on the complexities of international migration policies and their enforcement.
Russian Airstrikes Leave Over One Million Ukrainians Without Power
In the aftermath of last night's devastating Russian airstrikes on energy facilities, over one million consumers in Ukraine find themselves without power, as reported by a senior presidential official today. The strikes have wrought havoc across multiple regions, leaving hundreds of thousands in darkness.
Schengen: Bulgaria-Romania Border Controls Persist Post-Accession Plans
Border checks between Bulgaria and Romania along the Danube River are set to persist post-March 31, even as both nations anticipate their admission into the Schengen zone by air and sea. This revelation was disclosed to BNR by a source within the European Commission, shedding light on a significant hurdle in the path to seamless travel within the European Union.