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

Government proposes indexation of pensions, but not of social payments

The indexation of pensions from July 1, 2025 should be between 8 and 9%, and from January 1, the maximum social security income should be increased to 4,130 BGN (2,065 euros), the caretaker government proposes with the draft budget of..

published on 12/6/24 12:11 PM

IAEA inspects Kozloduy nuclear power plant

A planned mission of the International Atomic Energy Agency (IAEA) has been conducted at the Kozloduy NPP to check the operational safety of the plant according to the agency's standards.   During the inspection over the past 3..

published on 12/6/24 10:03 AM

California tsunami warning lifted

The Situation Center of the Ministry of Foreign Affairs has published important information for all Bulgarians in California, USA . "An earthquake with a magnitude of 7.0 on the Richter scale was registered off the northern coast of..

published on 12/6/24 9:22 AM