Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

The Bulgarian version of the Magnitsky Act is in working form

An interdepartmental group has been set up, headed by the Ministry of Justice, to draft a law on measures to prevent and protect national security from encroachments threatening the country's economic and financial security. Members of the new body are experts from the Ministry of Finance, Foreign Affairs, the Bulgarian National Bank, the National Revenue Agency and academics. 

Although the texts are still in working versions, the project, which has gained popularity as the Bulgarian version of the Magnitsky Act, has drawn sharp criticism from coalition partners of We Continue the Change party and the opposition in parliament, who have described the texts as "fascist". 
In response, Deputy Prime Minister and Minister of Finance Assen Vassilev commented that the texts aim to protect state institutions and companies in an adequate way, and the Ministry of Justice is the only one that can comply with all national and international acts so as to find the most appropriate way to fill this gap in Bulgarian legislation. 
For its part, the Ministry of Justice commented that it could not support the draft of the so-called "Bulgarian" Magnitsky Act because it is in conflict with the Bulgarian Constitution and European legislation.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgarian-African Chamber of Commerce to develop relations with the Bulgarian Chamber of Commerce and Industry

Representatives of the Bulgarian-African Chamber of Commerce visited the Bulgarian Chamber of Commerce and Industry and met with its President Tsvetan Simeonov. Albena Jones, Dimitar Turlakov, and Anton Samsonov are among the founders of..

published on 2/19/25 9:08 AM
Photo: Jérémie Bergeron/Radio-Canada

Ministry of Foreign Affairs cautions Bulgarians on severe weather in Canada

The Ministry of Foreign Affairs recommends that Bulgarian citizens traveling or residing in Canada keep themelselves well-informed about the current weather conditions, and regularly check the status of their flights. The Canadian Meteorological..

published on 2/19/25 8:55 AM

Ministry of Finance releases 2025 draft budget

The Ministry of Finance published the 2025 draft budget and the medium-term budget forecast for the 2025-2028 period. The projected deficit for 2025 is up to 6.4 billion BGN (EUR 3.3 billion), which is 3% of GDP.  Expenditures will not exceed 40% of..

published on 2/19/25 8:42 AM