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Bulgaria and Romania join Schengen/ What does it mean for their economies?

2024-03-20 11:37:14Kosova&Bota SHKRUAR NGA REDAKSIA VOX

Bulgaria and Romania join Schengen/ What does it mean for their economies?

The Balkan countries will officially enter the Schengen area on March 31. March is set to be an exciting month for Romania and Bulgaria.

On March 31, the Balkan countries will officially join the Schengen area, which allows free movement between member countries for 400 million citizens.

While both countries have been members of the European Union since 2007, they are still required to show their passports when entering other EU countries, unlike many other European citizens.

In 2024, border controls for both countries will be simplified and many other aspects are likely to change as well.

There is much speculation as to whether Bulgaria and Romania will follow in the footsteps of recent Schengen entrant Croatia, which has been widely criticized for raising prices across the board since their entry.

The move to the Schengen area will not immediately bring about an increase in prices, which could immediately turn away potential tourists.

Increased competition can balance any tendency for prices to rise too much in the most visited places. With travelers able to easily compare prices across borders, hotels and other businesses will want to stay competitive on rates according to experts.

Bulgaria and Romania are not expected to switch their existing currencies to the euro, as Croatia has done in the near future, but, surprisingly, there will be changes almost immediately.

Romania and Bulgaria are still known as "off the beaten track", rarely visited by tourists. However, this does not mean that they have nothing to offer visitors.

While it is clear that the entry of nations into the Schengen area will increase tourism and strengthen their respective economies, there are concerns that overcrowding – so common across Europe – could soon become a problem.

 


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