Borissov: 'We Did Everything We Could'
GERB leader Boyko Borissov expressed his perspective on the recent negotiations surrounding the formation of a government, highlighting the challenges and compromises faced during the process
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Bulgaria's Parliament did not collect the needed 121 votes to overturn the veto of President Rosen Plevneliev on amendments to the Investment Promotion Act.
At the Wednesday sitting, 114 MPs, from the ruling partners - the Bulgarian Socialist Party (BSP) and the liberal Movement for Rights and Freedoms (DPS) voted against the veto, while 91 lawmakers from the opposition, centrist Citizens for European Development of Bulgaria party (GERB) and from the extremist nationalist party Ataka were in favor.
No one abstained.
The is the first veto of the President during this parliamentary term that survived in the Parliament as Ataka are firmly against granting Bulgarian citizenship to foreigners and this time around did not extend support to BSP and DPS.
The legal changes created the possibility for citizens of non-EU countries to be granted permanent residence after depositing BGN 1 M at a licensed Bulgarian credit institution under a fiduciary management contract for a period of no less than 5 years.
A year after that, the same person may be granted Bulgarian citizenship under a simplified procedure in exchange for an investment of BGN 2 M.
On November 7, Bulgaria's Head of State announced that he was vetoing the legal amendments on grounds that they allowed granting Bulgarian citizenship and permanent residence solely on the basis of financial reasons.
He expressed concerns that such a regime had been in place until the beginning 2013 but had been revoked after security services had presented data about attempts at circumventing the law.
Plevneliev argued that the scheme paved the way for cases in which the money stayed at the bank pro forma, without contributing to the development of the economy.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
I feel no moral guilt towards anyone. This was stated by Kiril Petkov, answering a question whether he would apologize to the Bulgarian people for violating the Constitution.
Head of the Military Medical Academy (MMA) Major General Prof.
The Ministry of Finance has revised its autumn forecast for economic development.
Bulgarian police arrested a Russian citizen and two Lithuanians on suspicion of exporting “sensitive information” from the Arsenal military plant in Kazanlak.
The government has changed its order requiring state-owned companies to pay a dividend to the budget.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022