Bulgaria Offers Citizenship to Foreign Investors | Reduction

Bulgaria Offers Citizenship to Foreign Investors

Wasserturm Ostkreuz by Matthew Black
License (according to Flickr): Attribution-ShareAlike License

Excerpt:

Here's one way to boost an ailing economy: Bulgaria is offering citizenship to foreigners ready to invest at least half a million euros ($650,000). Under a newly approved amendment, 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 are also required to have had residence status in the country for at least one year. Bulgaria, which joined the 27-nation European Union in 2007 and is the bloc's poorest member, is trying to reverse the severe drop in foreign direct investment from €6. 55 billion ($8. 5 billion) in 2008 to €1. 75 billion ($2. 3 billion) in 2011.

Keywords:

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People:

Alan Clendenning

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Harold Heckle

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Tags Details

URL Provided Title:

Bulgaria Offers Citizenship to Foreign Investors

Provided Desc:

Bulgaria offers EU citizenship to foreigners who invest $650,000 in local companies

URL Provided Keywords:

• abc news
• abc news online
• abc world news
• abcnews
• abcnews online
• Bulgaria
• business
• Eastern Europe
• economy
• Europe
• european union
• foreign news
• General news
• Government and politics
• home buying
• international news
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• personal finance
• personal investing
• residential real estate
• Spain
• Western Europe
• world news
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