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 Since the creation of the regulations in 2013, after the acquisition of citizenship money has been usually withdrawn by investors.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.
At the end of 2024, Bulgaria's macroeconomic indicators fully met the Maastricht criteria for Eurozone membership, BGNES informs. According to Eurostat data, inflation from June to November was below 3%, which is a..
Today we mark 80 years since the so-called "Bloody Christmas". On January 7, 1945, the mass killing and mistreatment of thousands of Bulgarians in Vardar Macedonia began because of their Bulgarian identity. The bloodbath was prepared..
On Tuesday morning, there will be fog or low layered clouds along the Danube and in the valleys. Before noon it will be mostly sunny. In the afternoon, the cloudiness will increase and by the evening it will become significant. The..
Cadets from Vietnam are training at the Georgi Benkovski Air Force Academy in Dolna Mitropolia. This year they will study Bulgarian,..
On January 6, the feast of Epiphany, the traditional water blessing of the battle flags and holy flags of the Bulgarian Army will be celebrated in all..
On January 6, Epiphany, Bulgarians celebrate 177 years since the birth of poet and revolutionary Hristo Botev. On this occasion, the..
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