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The three-year settlement requirement was passed at first reading in Bulgaria's Parliament on Tuesday.
The amendments to the Land Ownership Act were passed with 159 votes for and seven abstained. No-one voted against.
A month ago the Constitutional Court overruled the ban on land sale to foreigners and the ruling Bulgarian Socialist Party (BSP) tabled amendments.
According to them, land can be bought by private persons and legal entities who have resided permanently in Bulgaria for three or more years, prior to the year in which the land is to be bought.
If a company has been registered for less than three years, will be allowed to buy land if the partners have stayed in Bulgaria for three years, without interruption.
The buyers will have to present a declaration for the origin of their funds.
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A demonstration unfolded in downtown Sofia as concerned citizens voiced their grievances over recent altercations involving foreigners within the capital
In December 2023, there were 2,229 establishments in the country, such as hotels, motels, campgrounds, mountain huts, and other short-term accommodation options.
Amidst the ongoing recovery from the pandemic's impact on global travel, Bulgaria witnesses a noteworthy surge in visitor numbers for the month of October
In a span from January 1 to November 17, 2023, Bulgaria welcomed over 12,000 individuals from outside the European Union who successfully obtained various work permits, as reported by the Employment Agency
More tourists, more overnight stays, mainly in hotels of a higher category, and a significant increase in the income of hoteliers, reports the National Statistical Institute in February
The number of foreigners studying higher education in Bulgaria is increasing
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
In a significant development, the Russian army has seized control of the pivotal village of Ocheretyne in the Donetsk region of Ukraine, a strategic location crucial for Ukrainian defense efforts
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
In a concerning revelation, the ad hoc committee investigating the activities of Gleb Myshin uncovered that over the past three to four years, a staggering 343 candidates from the Russian Federation seeking Bulgarian citizenship were discovered to have su
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Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
