Schengen Membership to Boost Bulgarian Economy by 500 Million Leva Annually

The Bulgarian economy is expected to gain significantly from the country’s admission to the Schengen area, with annual economic benefits estimated at 500 million leva. The Bulgarian Industrial Capital Association (BICA) expressed optimism that the removal of border controls will have an immediate impact, not only on transport companies but also on Bulgarian citizens. Milena Angelova from BICA noted that the psychological barrier associated with crossing the Schengen border had been an obstacle to full EU integration, and the new development should help overcome it.

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