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 Since the creation of the regulations in 2013, after the acquisition of citizenship money has been usually withdrawn by investors.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.
The National Assembly has once again rejected the proposal by Vazrazhdane party for the holding of a referendum on the adoption of the euro in Bulgaria. 50 MPs voted “for”, 112 “against and 53 abstained. PM Zhelyazkov: We’re past the time for..
The contract with the Turkish state-run gas company BOTAŞ is as much a problem for the Bulgarian side as it is for the Turkish side, Energy Minister Zhecho Stankov said in an interview with public service TV BNT. He stated further that he had never..
The Ministry of Culture is expecting UNESCO to approve, by the end of 2025, the application of the Centre for Underwater Archaeology in Sozopol as a regional centre for underwater archaeology in the Black Sea region. The centre will be located..
Household consumers will remain on the regulated electricity market for an unlimited period, said Energy Minister Zhecho Stankov at a briefing at the..
On Thursday, minimum temperatures will range from 8°C to 14°C. Around 9°C is expected in Sofia. Cloud and rain expected in western and central Bulgaria..
The Ministry of Culture is expecting UNESCO to approve, by the end of 2025, the application of the Centre for Underwater Archaeology in Sozopol as a..
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