Podcast in English
Text size
Bulgarian National Radio © 2025 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

Veliko Tarnovo is the focal point of this year's celebrations of Independence Day

Bulgaria is celebrating 117 years since it proclaimed independence from the Ottoman Empire today.  On 22 September 1908, Prince Ferdinand I read the manifesto declaring Bulgaria a sovereign kingdom in the Church of the Forty Martyrs in the..

published on 9/22/25 9:34 AM

Bulgaria observes World Alzheimer's Day to raise awareness of the disease

On September 21, we observe World Alzheimer's Day. This day has been marked annually since 1994 at the initiative of the Alzheimer's International Organization . The goal is to encourage efforts for earlier detection of the disease and the provision..

published on 9/21/25 1:15 PM
Photo: Prehistoric salt production and urban center Provadia-Solnitsata

Ancient salt-production complex in Bulgaria's Provadia offers Open Day for visitors

This year, the team exploring the Provadia-Solnitsata archaeological complex is organizing an Open Day on September 22. A new visitor route has been prepared through the complex of the most ancient salt-producing and urban center in Europe...

published on 9/21/25 7:05 AM