site.btaEconomists Estimate BGN 1.63 Bln Financial Effect per Year for Bulgaria if Country Joins Schengen Area by Land

Five specific benefits with a total financial effect of BGN 1.63 billion per year will be available to Bulgaria if it joins the Schengen area by land, according to an assessment of scientists from the Institute for Economic Research (IER) at the Bulgarian Academy of Sciences (BAS). The study, carried out in early 2024 at the initiative of the Ministry of Economy and Industry, shows the economic impact of the forthcoming decision of Bulgarian citizens to travel freely between member states without being subject to border controls, the Institute said.