Podcast in English
Text size
Bulgarian National Radio © 2025 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 Since the creation of the regulations in 2013, after the acquisition of citizenship money has been usually withdrawn by investors.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

Literacy and spelling platform searches for the word of 2024

For the fourth consecutive year, the literacy and spelling platform "How to Spell" is searching for the word that best describes the past 365 days of 2024. "Anyone can make their suggestions, even if they repeat – just write them", urges Dolly..

published on 1/6/25 11:46 AM

DPS - New Beginning will submit a proposal for zero VAT on bread and flour

"There is no problem that the adoption of the budget will be slightly delayed, because the Public Finance Act has outlined what happens if the budget is not adopted", National Assembly Speaker Natalia Kiselova said in Kalofer.  ''The Budget and..

published on 1/6/25 9:45 AM
President Radev at the water blessing ceremony in central Sofia on Epiphany (archive)

Water blessing ceremony of the Bulgarian Army Flags to take place on Epiphany

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 garrisons of the country. The solemn ritual in Sofia will begin at 11:00 in front of the Monument to..

published on 1/6/25 6:05 AM