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Schengen Era for Bulgaria and Romania

Schengen Era for Bulgaria and Romania

From 31 March 2024, citizens of Bulgaria and Romania will enter a new era of freedom of movement, thanks to the decision of the Council of the European Union to admit these countries to the Schengen Agreement. This historic moment marks the end of a long wait and efforts aimed at establishing closer ties between Bulgaria, Romania and other EU countries. 1. New Opportunities for Short Term National Visas According to the decision, short-term national visas (type C, etc.) issued by Bulgaria and Romania before or after March 31, 2024 are now recognized for entry for the purpose of transit or stay of up to 90 days in a six-month period in all Schengen countries. This will facilitate the movement of citizens and promote tourism and business connections between countries. 2. Recognition of Permits for Long and Permanent Stay Long-term and permanent residence permits (residence permit/permanent residence permit/permanent residence permit) issued by Bulgaria and Romania will be recognized in
In the second quarter of 2023, Bulgaria ranked second in the European Union in terms of quarterly growth in property prices

In the second quarter of 2023, Bulgaria ranked second in the European Union in terms of quarterly growth in property prices

In the second quarter of 2023, Bulgaria ranked second in the European Union in terms of quarterly growth in property prices, following only Latvia. According to preliminary Eurostat estimates, housing prices in the country increased by 4.3% compared to the first quarter. This growth has received close attention from both economists and potential real estate investors. According to Eurostat, at the beginning of the year, in the first quarter, Bulgaria, together with Slovenia, already ranked fifth in the EU in terms of quarterly growth in housing prices. However, in the second quarter the country demonstrated a significant acceleration in price growth, rising to the second step of the podium with a result of 4.3%. Comparing the average quarterly increase in housing prices in the European Union, which includes 27 countries, it can be noted that Bulgaria and Latvia are superior to other countries. Latvia, the leader in growth, showed an increase of 5.1%. Thus, the Baltic country was at the