Romania's Full Schengen Membership: A Turning Point for Its Economy
Romania’s Full Schengen Accession: A ‘Game-Changing Moment’ for Its Economy
Romania’s full accession to the Schengen Zone on January 1, 2025, is being hailed as a transformative step for its economy. Finance Minister Marcel Boloș stated that the move will position Romania as a strategic hub in European supply chains.
Economy and Tourism Minister Ştefan Radu Oprea predicts significant economic growth for the country, drawing comparisons to Croatia’s tourism surge following its Schengen membership in 2023. Oprea anticipates a similar boost in tourism for Romania, alongside other economic benefits.
Victor Negrescu, vice-president of the European Parliament (PSD/S&D), expects Romania’s GDP to rise by up to 2 per cent in 2025, highlighting key beneficiaries such as the transport sector, industrial production, tourism, and agriculture.
UNTRR Welcomes Full Schengen Accession
The National Union of Road Hauliers from Romania (UNTRR) described the December 12 decision by EU ministers as historic, emphasizing its potential to advance Romania’s road transport and logistics industry. In 2023, the road transport sector contributed €7.82 billion to Romania’s service exports, underlining its importance.
UNTRR stressed the need for policymakers and relevant authorities to implement measures that reduce waiting times for commercial vehicles at borders, ensuring that the full benefits of Schengen membership are realized.
PM Ciolacu on Economic and Diaspora Benefits
Prime Minister Marcel Ciolacu highlighted that full Schengen membership would bolster trade, reduce logistics costs, and facilitate business partnerships with European countries. He also emphasized its impact on Romanians in the diaspora, particularly those traveling home for holidays, who will no longer face long waiting times at borders.
Ciolacu stated that abolishing land border controls marks a clear step toward ensuring equal treatment for Romanian citizens in Europe. The free movement within the Schengen Area will bring immediate and tangible benefits to citizens and businesses alike, strengthening Romania’s integration into the European economy.
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