Bulgaria has lost €0.7 billion this year alone – including €423 million in direct losses and €225 million in lost benefits – as a result of not being fully admitted to the Schengen area, said caretaker Economy Minister Petko Nikolov.
Bulgaria, along with Romania became Schengen Area members at the end of March but only with regards to air and sea borders.
In his comments on the losses it has caused for Bulgaria, Nikolov cited data from a report prepared for the ministry by the Institute of Economic Research at the Bulgarian Academy of Sciences. His estimate was far more…
