"Vazrazhdane" demands renegotiation of gold and metal mining concessions

30.07.2026 | Oversight and accountability

The "Vazrazhdane" party is proposing in the National Assembly to review concession agreements for gold and rare metals due to low fees and a lack of state control.

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Kostadin Kostadinov proposes new concession agreements

The Chairman of "Vazrazhdane", Kostadin Kostadinov, and a group of members of parliament have submitted a draft resolution to Parliament aimed at renegotiating concessions for the extraction of gold, silver, copper, and rare metals.

Underground wealth is exclusive state property, but the state receives negligible revenue and has no real control over the extraction, the sponsors state.

Key arguments for change:

"Vazrazhdane" insists on higher concession fees, strict environmental supervision, and effective land reclamation. In the event that renegotiation is impossible, the party proposes the immediate termination of the contracts.

The initiative is part of the party's broader policy for protecting national wealth, following their demand for the return of the gold reserve to the vaults of the BNB.