Want to be Hungarian? Buy some bonds
Tuesday, Oct 30, 2012 03:56 AM PDT
 BUDAPEST (Reuters) - Lawmakers in indebted European Union member Hungary are waving the prospect of a passport at well-heeled foreign investors. Proposed legislation listed on parliament's website would grant permanent residency and ultimately Hungarian citizenship to outsiders who buy at least 250,000 euros ($322,600) worth of special government bonds. Hungarian passport holders are entitled to live and work throughout the European Union. The move, backed by the ruling government party, is designed to attract new investors, especially from China. ... Full Story | Top |
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