Bulgarian President vetoes amendments imposing limits on foreigners buying land.

Bulgarian President Rossen Plevneliev said on April 14 that he vetoed the amendments to the Agricultural Land Ownership and Use Act, which imposed residence requirements on foreigners and companies wanting to buy land in the country.

Plevneliev said in a statement that the amendments breached both Bulgaria’s constitution and European Union law.

The bill, passed earlier this month, includes a ban on offshore companies buying agricultural land, as well as a requirement that foreigners and companies wanting to buy land must have been in Bulgaria for at least five years – an increase from an initially-proposed three years.