Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Possibility of acquiring Bulgarian citizenship through investments should be abolished: Bulgaria’s Ministry of Justice

Photo: BGNES

Bulgaria’s Ministry of Justice has proposed amendments to the Bulgarian Citizenship Act. According to the Justice Ministry, the possibility of acquiring Bulgarian citizenship through the so-called investments should be abolished. The amendments to Bulgarian Citizenship Act also envisage that the requirements to the candidates for Bulgarian citizenship should be specified. Moreover, applicants for Bulgarian passports must know Bulgarian and provide evidence of employment and incomes in this country.  The proposal of the Bulgarian Justice Ministry envisages measures aimed at boosting control against embezzlements during the procedure for granting Bulgarian citizenship. In the past six years a total of 50 foreigners who declared that they would make investments in this country received Bulgarian passports. Forty six of them declared that they would make investments to the tune of EUR 500,000 and four of them claimed that their investments in Bulgaria would amount to EUR 1 million.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Consumer confidence and willingness to spend money is growing

Consumer confidence rose by 5.6 points in July, according to a survey by the National Institute of Statistics. According to consumers, the general economic situation in Bulgaria has been improving over the past 12 months, and expectations for the next..

published on 8/8/24 2:23 PM

Message sent to the US House of Representatives for Bulgaria

Congressman Joe Wilson, Republican from the state of South Carolina, founder and co-chair of the Congressional Friendship Caucus for Bulgaria, addressed the House of Representatives on Bulgaria. This was announced by the Embassy of Bulgaria in the USA on..

published on 8/8/24 11:50 AM
North Macedonia’s Premier Hristijan Mickoski

National Railway Infrastructure Company refutes Skopje's claims about Corridor No. 8

The claims made by North Macedonia’s Premier Hristijan Mickoski, his Deputy Prime Minister and Minister of Transport Aleksandar Nikoloski and other responsible figures in Skopje regarding Corridor No. 8 are false and misleading. This was stated by the..

published on 8/8/24 10:32 AM