Greece must further develop its air defenses, minister says

Fighters taking part in the Iniochos 2024 multinational air exercise fly over the coast of the southwestern Peloponnese on Thursday. The 10-day exercise lasted 10 daysn and eight countries, besides Greece, took part: Cyprus, France, Montenegro, Qatar, Romania, Saudi Arabia, Spain and the UK.

EU Commissioner Johansson Evaluates Schengen Controls at Sofia Airport

EU Commissioner for Home Affairs Ylva Johansson conducted an inspection of border control measures at Sofia Airport, marking a significant step in Bulgaria's accession to the Schengen Area by air. Accompanied by Bulgaria's caretaker Interior Minister Kalin Stoyanov, Commissioner Johansson observed the revamped procedures implemented after Bulgaria's Schengen accession.

Romania Edges Closer to Visa-Free Travel to the US

Romania is making strides toward joining the Visa Waiver Program, a significant milestone that would enable its citizens to travel to the United States visa-free for up to 90 days. The country considers this inclusion a vital national objective and is steadily progressing towards meeting the necessary technical requirements.

Alpha Bank to expand further in Romania

Alpha Bank chief executive officer Vassilis Psaltis pointed to further expansion and acquisitions in Romania in a joint interview with CEO of Italian bank UniCredit, Andrea Orcel for Bloomberg,

The two CEOs, who have created the third-largest bank in Romania, said they believe in Romania's prospects and see plenty of value there.

Record Winter Tourism Numbers Reported in Bansko

Bansko, Bulgaria's premier mountain resort, experienced a surge in winter tourism, with more than 190,000 visitors flocking to its slopes during the season. The influx of tourists from Bulgaria, neighboring Balkan countries, various European nations, and even the United States has bolstered the region's tourism sector, marking significant progress in its post-pandemic recovery.

EU Commissioner Johansson: Bulgaria and Romania's Schengen Accession a Crucial Step

EU Home Affairs Commissioner Ylva Johansson praised the revised Schengen legislation and hailed the forthcoming accession of Bulgaria and Romania to Schengen as significant progress. Speaking on Tuesday during the presentation of a report on the state of Schengen, Johansson emphasized the importance of strengthening the European border agency Frontex.

Bulgaria's Annual Losses Exceed BGN 1 Billion Due to Schengen Non-Admission

Bulgaria's economy experiences annual losses amounting to hundreds of millions of euros due to its exclusion from land-based Schengen membership. The enduring queues of lorries at border crossings persist, imposing significant financial burdens on the nation. This situation translates into a substantial increase of 15% to 18% in the prices of goods in shops across the country.