Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Moody's: There are 9,581 Bulgarian companies with more than 40% Russian ownership

46 thousand businesses in the EU are Russian-owned

Photo: EPA/BGNES / Photo: ЕПА/БГНЕС

Bulgaria ranks second in the European Union in the number of companies with more than 40% Russian ownership, according to a survey by Moody's.

The rating agency has identified 46,000 companies in the EU owned by Russian companies or individuals. Two-thirds of them operate in the Czech Republic - 12,480, Bulgaria - 9,581, Germany - 4,296, Latvia - 3,338 and Italy - 2,539.

The research is linked to the EU's 12th package of sanctions against Russia, obliging credit and financial institutions in the EU to report all transactions of more than €100,000 if they are linked to Russian individuals or entities from July 2024. The aim is to better assess potential violations of Russia-related sanctions and identify their sources of income.

Under the rules, such transactions will also have to be reported by EU companies more than 40% owned by Russian entities or individuals, including dual nationals.



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

Rumen Radev

President Radev: No concessions for Skopje on EU accession

Bulgaria will not make any concessions to the Republic of North Macedonia in order for Skopje to start negotiations on the country's membership in the European Union. This was reiterated by President Rumen Radev in Warsaw , where he took part in the..

published on 4/29/25 4:05 PM

Authorities announce intermittent traffic closures on Danube bridge near Ruse due to road works

On Wednesday 30 April, between 8am and 5pm, traffic on the Danube bridge near Ruse will be stopped periodically at short intervals, the Road Infrastructure Agency (RIA) announced. The temporary restriction is due to asphalt paving work on a closed 413..

published on 4/29/25 2:58 PM

Farmers' union urges action to support agriculture

In an open letter to Prime Minister Rosen Zhelyazkov and the Ministers of Agriculture, Finance and Economy, the Bulgarian Farmers' Union calls for new financial mechanisms to support, revitalise and stimulate Bulgarian agriculture . The appeal is driven..

published on 4/29/25 2:36 PM