And this is a good thing for startups and businesses in the bloc.
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The Commission and the Council have confirmed the countrys readiness to apply the Schengen rules in full.
Romania and Bulgaria have also been knocking on Schengens door since 2011.
On Wednesday, the Commissioncalledonce more on the Council to admit the three Balkan nations to the Schengen area.
But what exactly are the benefits of joining the free-travel zone?
Europeans also make an estimated 1.25 billion journeys within the area every year.
The overall freedom of movement brings significant economic benefits to the areas participating states andEuropeas a whole.
Studieshave also shownthat the bilateral net trade of two Schengen members increases by 0.09% every year.
Furthermore, the lack of internal border control provides Schengen-based businesses with a competitive advantage.
A more inclusive Schengen will be a stronger and more secure Schengen.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
