MPs Back Presidential Veto on Investment Promotion Act

MPs Back Presidential Veto on Investment Promotion Act

Parliament backed on Friday the presidential veto imposed on recent amendments to the Investment Promotion Act.

With only three MPs voting in favour, 26 against and 95 abstaining from voting, the proposed amendments were turned down.

Last month, president Rosen Plevneliev referred back to parliament the Investment Promotion Act amendments over the high financial requirements for granting a residence permit in Bulgaria. He also objected to binding citizenship with investments, as well as to clauses related to investments in intellectual property.

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