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 Since the creation of the regulations in 2013, after the acquisition of citizenship money has been usually withdrawn by investors.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.
Until the moment the president issues a decree, the old cabinet ministers shall perform their duties, commented caretaker Prime Minister Dimitar Glavchev on his way out of the presidency. PM Glavchev offers replacement of the caretaker..
In connection with the situation in the Middle East, caretaker Prime Minister Dimitar Glavchev and the government are in constant coordination with the institutions concerned and the security services, and are monitoring the situation. The country is..
The Bureau of the European Parliament in Bulgaria is organising a #UseYourVoice concert to support the campaign for the European Parliament elections on 9 June this year. Young singers Dara, Preya, Dara Ekimova and Tino will perform tonight on the stage..
The MPs from the National Assembly Energy Committee have postponed by one year the full liberalization of the electricity marker. According to the..
Seventh-grader Kaloyan Geshev from the 125th High School "Boyan Penev" in Sofia became a three-time champion in mental calculation. He won first place..
Italy supports Bulgaria's full-fledged membership in the Schengen area, Italian President Sergio Mattarella said. Mattarella is on a two-day visit to..
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