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 Since the creation of the regulations in 2013, after the acquisition of citizenship money has been usually withdrawn by investors.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.
Rose picking season is starting this year with serious problems because of the prolonged cold spell, BGNES reports. The people in this line of business say they expect an extremely poor harvest, which gives rise to major financial concerns as the..
The extremely unfavourable demographic picture is perhaps the biggest challenge we have to address if we want to go on as a nation, stated Tzvetan Spassov, head of the governing body of the Human Resources Development programme of the Ministry of..
The medical specialists from the transfusion haematology unit of the hospital in Shumen will support their colleagues from the National Center of Transfusion Haematology who are organizing a protest today against “the negligence of those in power in..
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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