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

Ban on purchase of Bulgarian citizenship planned

Photo: library

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 Since the creation of the regulations in 2013, after the acquisition of citizenship money has been usually withdrawn by investors.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.




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

Another cool front and summer storms from the northwest

Wednesday will be sunny until noon, when clouds will move in from the northwest, bringing short, intense showers and thunderstorms. The risk of hail remains high. Lows will be between 17 and 22°C, 17°C in Sofia. Highs will be in the 30-35°C range, 30°C..

published on 7/23/24 7:05 PM

The first girls' bagpipe group in Bulgaria was created in Aksakovo

In the town of Aksakovo, in the region of Varna, Bulgaria's first all-female bagpipe group was created. This was announced by Nikola Georgiev, head of the "Trakia" bagpipe school. The girls debuted with a video clip on the Internet with a..

published on 7/23/24 6:02 PM

Bulgarian scientists will explore nearby space from Antarctica

For the first time, the Bulgarian Antarctic base on Livingston Island will study in detail the pulsations in the Earth's ionosphere caused by solar storms and the activity of the solar corona.  This is envisaged in the first Bulgarian polar..

published on 7/23/24 5:51 PM