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

Bulgaria leaves two international banks with Russian participation

Rositza Velkova
Photo: BGNES - archive

Bulgaria is withdrawing its representatives on the boards of the International Investment Bank and the International Bank for Economic Cooperation, Finance Minister Rositza Velkova told the National Assembly. 

The United States imposed sanctions on the International Investment Bank in Budapest in April following Russia's aggression in Ukraine. Currently, at each meeting of the leadership of the two institutions, the Council of Ministers determines Bulgaria's position and a representative to state it, Ms. Velkova explained.

Bulgaria will leave the International Investment Bank and the International Bank for Economic Co-operation by 17 August. The country has already sent formal letters demanding to be paid its shares of the companies' in-kind capital.



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

Ministry of Foreign Affairs: Fifteen Bulgarians will leave Syria at the first opportunity

The safe departure of 15 Bulgarian nationals who have requested to leave Syria will be ensured at the first opportunity, the Ministry of Foreign Affairs said. The Embassy of the Republic of Bulgaria in Damascus is in constant contact with the..

published on 12/9/24 8:51 AM

Vice President Iotova: Bulgaria needs a stable government

Vice President Iliana Iotova expressed hope that the parliamentary forces will do everything possible to gather a majority to form a cabinet. "Bulgaria needs a stable government", Vice President Iotova said in the town of Panagyurishte, adding..

published on 12/9/24 8:40 AM

BNR - Radio Varna celebrates its 90th anniversary

The 90th anniversary of BNR - Radio Varna will be celebrated with a concert tonight at 7pm at the Festival and Congress Centre in the port city of Varna.  The show will feature the incredible BNR Big Band with conductor Strassimir Pavlov and..

published on 12/9/24 7:40 AM