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Commenting article: Bulgaria May Ease Citizenship Terms for Foreign Investors

Bulgaria is expected to pass a law that will ease even further the process of granting citizenship to foreign investors in a bid to boost the country's ailing economy.

Bulgaria will be offering citizenship to foreigners, who come from non EU states, ready to invest at least BGN 500 000, under amendments to the Investment Encouragement Act proposed in response to the presidential veto at the end of last year.

The amendments, tabled by MPs from the ruling party GERB, were scheduled to be put to the vote at the economic parliamentary committee on Wednesday, but the Socialist and ethnic Turkish opposition boycotted the meeting and it failed.

mut - 31 Jan 2013 // 20:41:37

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