News

Bulgarian citizenship for Foreign Investors

Foreign Investors in Bulgaria Enjoy Simplified Citizenship Terms

Posted on December 2, 2013

An amendment to the Foreigners Act was passed by the Bulgarian Government. It facilitates the process for granting permanent residence to foreigners who have invested at least BGN 1 million. Furthermore, the amendment also smooths the way to acquiring Bulgarian citizenship for foreigners and their families with more than BGN 2 million investments. In order… Read More »

interest-free-loans-bulgaria

Interest-free Loans for SMEs in Bulgaria

Posted on November 19, 2013

Interest-free loans are introduced by the Bulgarian Development Bank to small and medium enterprises under the European Union funds of OP Competitiveness. The head of the Bulgarian Development Bank Bilyan Balev announced that the first two to three years of the term of the contract the interest on loans will be financed by the EU… Read More »

Bulgarian banks with more money

Bulgarian Banks with More Money

Posted on November 5, 2013

Bulgarian Ministry of Finance introduced an amendment of the Credit Institution Act according to which more free money will be available in the Bulgarian banks after the removal of the requirement of a minimum 12% capital adequacy. In comparison, currently the capital adequacy in the European Union is 8%. The new amendment makes it possible… Read More »