The Council of the European Union admitted Bulgaria and Romania to full membership of the Schengen area on December 12, deciding unanimously that land borders with the two countries will be lifted ...

Romania has already surpassed seven EU member states with a lower GDP per capita, and we are on the rise, Finance Minister Tanczos Barna said on Saturday. 'If we look at the Gross Domestic Product ...

Before Bulgaria and Romania’s partial admission, Schengen was comprised of 23 of the 27 EU member countries, along with Switzerland, Norway, Iceland and Liechtenstein.

Romania's budgetary-structural plan was approved by the ECOFIN Council on January 21, alongside similar plans for 20 other EU ...

The European Union’s finance ministers have welcomed and approved Romania’s move to reduce its fiscal deficit below 3% of ...

BUDAPEST, Hungary (AP) — Bulgaria and Romania are holding ceremonies to mark their full membership in Europe’s Schengen area, the culmination of years of negotiations by the Eastern European ...