Podcast in English
Bulgarian National Radio © 2022 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 Since the creation of the regulations in 2013, after the acquisition of citizenship money has been usually withdrawn by investors.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.


Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria and the Netherlands to establish fund for investments in agriculture

Bulgaria and the Netherlands will work to establish a common fund for investments in new agriculture technologies, as the fund may become operational by September. This was what Prime Minister Kiril Petkov said after a meeting in Sofia with his..

published on 5/16/22 7:20 PM

Germany supports Bulgaria‘s calls for derogation from oil import ban

During his official visit to Germany, President Rumen Radev met with his counterpart Frank-Walter Steinmeier in Berlin, as well as with German Chancellor Olaf Scholz. "We have full understanding from Germany when it comes to our calls for..

published on 5/16/22 6:36 PM
Ukrainian refugees are being relocated to municipal accommodation centers.

Ukrainians with temporary protection already outnumber those residing in Bulgaria

The number of Ukrainian citizens with temporary protection in Bulgaria is already higher than the number of those reported by statistics as residing in the country. Half of the Ukrainian refugees accommodated in hotels expected to leave..

published on 5/16/22 5:17 PM