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President Plevneliev's Veto Survives Parliament Vote
PRESIDENT PLEVNELIEV'S VETO SURVIVES PARLIAMENT VOTE
Date: 12/01/2013
Source: Paper Standart


President Plevneliev's Veto Survives Parliament Vote


(Sofia, Jan 12) - Bulgarian MPs supported President Rossen Plevneliev's veto on the Investments Encouragement Act and returned it for further discussion.

Only three MPs supported the Act, 24 voted against it and 95 abstained from voting.

President Plevneliev vetoed the new law because, as he made it a point, the new regulations for residence of foreign investors in Bulgaria create many obstacles for their business activities.

Some of the regulations include a contribution worth at least BGN 4 million to the capital of the Bulgarian company and the opening of at least fifty new jobs for Bulgarian nationals.


Topic: Investments



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Sandanski town is situated in south-west Bulgaria, at the foot of Pirin mountain. With its unique, mild climate and concentration of mineral water springs, Sandanski is famous as a relaxation and recreation center. It is pronounced for the best natural healing center of Bronchial Asthma in Europe.

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