Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria terminates its membership in two international banks

Bulgarian Parliament building
Photo: Ani Petrova, BNR

The Bulgarian Parliament has decided to terminate Bulgaria's membership in the International Investment Bank (IIB) and the International Bank for Economic Cooperation (IBEC), as the Russian Federation is the largest shareholder in both. 

The Bulgarian Socialist Party and Vazrazhdane party voted against. "This is not an economic, but a purely political decision, and what worries us is what happens to the credit lines for Bulgarian companies," said Rumen Gechev from BSP. 

According to Martin Dimitrov from "Democratic Bulgaria", however, there is no external pressure for the decision, and if the sanctions against the Russian Federation cover these two banking institutions, Bulgaria will be damaged.



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

Атанас Атанасов

PM asked whether Russian spies on trial in London had logistical support in Bulgaria

"I am addressing a question to the Prime Minister regarding information that on November 26 this year, a group of Bulgarian citizens was on trial in London on charges of spying for Russia," Atanas Atanasov, leader of the Democrats for a Strong Bulgaria..

published on 12/11/24 2:58 PM

Parliament sets up ad hoc committees on drought and small ruminant disease

Even before the election of the regular committees, the Parliament decided to set up an ad hoc committee to find out all the facts and circumstances of the drought problems in the country. The decision was taken unanimously with 203 votes in favour. The..

published on 12/11/24 2:40 PM

Miners take to the streets to protest against new 15% mining tax

Hundreds of miners protested outside the Council of Ministers while an extraordinary meeting of the National Council for Tripartite Cooperation was held inside. The protest is against the planned 15% tax on underground resources from 2025, a tax..

published on 12/11/24 2:29 PM