2024-11-22 15:25:00
The Industrial Association (IV) welcomes today’s progress towards the inclusion of Romania and Bulgaria in the Schengen area. The accession of the two countries would be an important step for European integration and would at the same time provide economic stimulus. “An agreement on this issue is not only a symbol of European cooperation, but also a tangible contribution to economic stability and growth,” explains Christoph Neumayer, Secretary General of the Industrial Association.
Austrian industry is one of the most important investors in both countries. Austrian companies have so far invested 12.3 billion euros in Romania, securing more than 61,000 local jobs. In Bulgaria there are 3 billion euros in investments and over 22,000 secured jobs. “Open borders are a central pillar for the internal market. They enable smooth trade, make investments easier and create reliable framework conditions – from which the local economy also benefits enormously,” continued Neumayer.
The IV sees the progress in external border protection as an important step. “Now it is important to recognize this progress and consistently push forward integration,” emphasizes Neumayer. An agreement on this at the upcoming Council of EU Interior Ministers in December would be a strong signal for stability and cooperation within Europe and a decisive step towards overcoming current challenges together.
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