14.02.2013 Bulgaria will offer permanent residency to foreigners who buy property worth at least EUR 307,000
www.novinite.com, February 13, 2013
Bulgaria will be offering citizenship to foreigners, who come from non EU states, ready to invest at least BGN 500,000 (EUR 256,000) and create ten jobs for Bulgarians, under amendments to the Investment Encouragement Act adopted conclusively on Tuesday by parliament in response to the presidential veto at the end of last year.
Under the amendments, the candidates would have to invest in a Bulgarian company involved in a high-priority investment project in industry, infrastructure, transport or tourism. The investors will not be required to have had residence status in the country for at least one year.
Parliament backed the proposal by the right-wing Blue Coalition and lowered the investment amount thresholds for foreign investors in poorer regions. These will be granted permanent residency status and Bulgarian citizenship if they pour BGN 250 000 (EUR 128,000) and hire five Bulgarians in regions with high unemployment.
The purchase of real estate, worth at least BGN 600,000 (EUR 307,000), is another way to gain permanent residency status, according to the new law.
The draft legislation provided permanent residency status to a foreigner who has invested over BGN 1 M (EUR 512,820) in public companies or joint ventures or has deposited the money at a Bulgarian bank for a period of five years.
Bulgaria already is handing out passports to ethnic Bulgarians outside its borders, the main beneficiaries being citizens of Macedonia, Serbia, Ukraine and Turkey.
Read more news
Low-cost airline Ryanair will perform all its flights from and to Sofia at Terminal 2, news website Dnevnik.bg reports, citing company officials.
Ryanair, which last year launched flights to more than a dozen destinations at Sofia Airport, used the older Terminal 1 for a few months.
Also last year, Ryanair set up a new production base at Sofia Airport and added new wi... read more
The Irish low-cost airline Ryanair will implement their summer program for flight also during the winter of 2017, and the tickets are already on sale from a starting price of EUR 9.99 per direction, said the company during their conference in Sofia on Monday.
The reason for their decision is the increase in ticket sales in Bulgaria and the expectation that it will continue.
<... read more
The Black Sea town of Sozopol has received the sixth-best result in the shortlist of the European Best Destinations 2017 ranking.
Sozopol, described in the ranking as "the oldest town in Bulgaria" (a title that can be attributed to Plovdiv, which came third last year) is also seen as a placce offering "a great diversity of landscapes and tourist opportunities", located "between cit... read more
As many as 8 million tourists will have officially visited Bulgaria at the end of January, counting from February, outgoing Tourism Minister Nikolina Angelkova has said.
Angelkova has told the Bulgarian National Television every month of 2016 was "unprecented" in the number of arrivals... read more
All photos, texts, video clips, charts and banners on our website are property of our company or of our partners and are protected by the Copyright Act of the Republic of Bulgaria. Any unauthorized use of photos, texts, videos and other materials from our website by third parties will be subject to immediate claim on the part of the copyright owners. The information on our website is with information and advertising purposes. Alhtough we have made all efforts to provide accurate information, there may be some mistakes. For full and correct information is considered only the information received at the offices of Bulgarian Properties Ltd.