The caretaker government proposes to ban acquisition of Bulgarian citizenship in exchange for investments. This is planned in the draft amendment to the Bulgarian Citizenship Act. The amendment would abolish Art. 12a and 14a for receiving a passport after investing 500,000 euros in government securities or in a licensed credit institution under a trust management agreement. The members of the investor's family also acquire Bulgarian citizenship by naturalization. Since the creation of the regulations in 2013, after the acquisition of citizenship money has been usually withdrawn by investors.
The European Commission denounced this scheme and threatened Bulgaria with sanctions. Changes to the law are expected to be approved by the new parliament.
Only three regions of Bulgaria have an average pension exceeding 500 euros: Sofia, Pernik and Burgas. The capital has the highest average pension in the country at 580 euros. The lowest average pensions are in Razgrad at 392 euros. These are the latest..
The government will not debate the introduction of the euro in Bulgaria , said Prime Minister Rosen Zhelyazkov at a discussion organised by the Economic and Social Council of the Republic of Bulgaria. He added that all responsible politicians and..
Five incidents involving attacks by gangs of the so-called “locals” were recorded in Sofia just last week . Several individuals have been detained and preliminary investigations have been launched. Those over 16 are facing charges, while juveniles are..
During his participation in the 20th World Meeting of Bulgarian Media in Varshets, President Rumen Radev expressed concern that prices will rise as soon..
Cash in Bulgaria exceeds BGN 30 billion. The Association of Banks in Bulgaria is urging citizens to deposit their cash before the introduction of..
“We often say that Bulgaria extends as far as there are Bulgarians. In order for these spiritual borders of Bulgaria to be vibrant and strong, there..
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