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 Since the creation of the regulations in 2013, after the acquisition of citizenship money has been usually withdrawn by investors.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

MPs observe a minute of silence to honor the victims of the Armenian Genocide

Members of Parliament  observed a minute of silence to honor the victims of the Armenian Genocide in the Ottoman Empire (1915-1916). April 24 was declared Armenian Genocide Remembrance Day. BSP MP Atanas Zafirov proposed that a minute of..

published on 4/24/24 10:58 AM

US Department of State: No significant changes in the human rights situation in Bulgaria

There were no significant changes in the human rights situation in Bulgaria during the year, reads the US Department of State’s 2023 Country Report on Human Rights Practices. ''Significant human rights issues included credible reports of: torture or..

published on 4/24/24 9:41 AM

US State Department: Bulgarians in North Macedonia are discriminated against

There is systematic racial and ethnic violence and discrimination against Bulgarians in the Republic of North Macedonia. This is stated in the State Department's report on human rights in 2023, BGNES reported .  The document refers to the beatings..

published on 4/24/24 9:19 AM