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

Bern Convention committee say Struma highway should bypass Kresna Gorge

The progress on the construction of the Struma highway was discussed at a meeting of the Standing Committee of the Bern Convention, the Ministry of the Environment has reported. The opinion of non-governmental organizations was also..

published on 12/7/24 11:36 AM

Festival of O-salted fish in Sozopol

The fourth O-Salted Fish Festival is being held today at Kulata Square in the seaside resort of Sozopol. The event marks the opening of the town's Christmas market. Participants in the Best Salted Fish competition will be judged in five categories -..

published on 12/7/24 8:45 AM

Pamporovo ski resort opens for the winter season

The Pamporovo ski resort in the Rhodope Mountains opens its 2024/2025 winter season today. Tourism Minister Evtim Miloshev is expected to attend the official ceremony at Studenets Square. The opening comes just one day before the Bulgarian University..

published on 12/7/24 7:35 AM