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

Rumen Radev on board the frigate Drazki, 12 July, 2024

On board Drazki frigate President Radev calls for the modernization of the Bulgarian navy to continue

President Rumen Radev called for the processes of modernization of the navy to continue. On board the frigate Drazki in the Black Sea, the president, the Deputy Minister of Defence Radostin Iliev and the commander of the Bulgarian navy rear admiral..

published on 7/12/24 1:27 PM
Commissioner for Innovation, Research, Culture, Education and Youth Iliana Ivanova

European Commissioner Iliana Ivanova: Frequent elections are not a good sign

"It is important for us to stand firm and instill confidence in our European partners, and this frequent change of governments, frequent elections, does not send a good signal", Commissioner for Innovation, Research, Culture, Education and Youth..

published on 7/12/24 11:23 AM
President Rumen Radev

President Radev to hand the second governing-forming mandate next week

President Rumen Radev is to hand the second governing-forming mandate next week. ''I expect We Continue the Change - Democratic Bulgaria (PP-DB) to clearly state whether they will be an opposition or will seek support for forming a government'',..

published on 7/12/24 10:16 AM