Text size

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

46 thousand businesses in the EU are Russian-owned

published on 8/24/24 9:44 AM

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!

Radio Bulgaria News economy moodys russia russian ownership

More from category

Showers are expected across much of Bulgaria over the weekend

On Saturday, minimum temperatures will range from 8 to 13°C , around 9°C in Sofia. It will be mostly cloudy with rain in many areas. There will be temporary breaks in cloud cover over southern regions. Overnight into Sunday, cloudiness will begin to..

published on 10/17/25 7:05 PM

Fourth air ambulance helicopter arrives in Bulgaria

Bulgaria has received its fourth air ambulance helicopter. “The new aircraft will be based at the Georgi Benkovski Air Force Academy hangar in Dolna Mitropolia. From there, it will serve a wide regional area and make a significant contribution to the..

published on 10/17/25 4:24 PM

BNR will host 2025 Public Broadcasters International conference

The Bulgarian National Radio will host the 2025 Public Broadcasters International (PBI) Annual Conference . The prestigious forum will be held from 20 to 22 October for the first time in the Bulgarian capital Sofia. The theme of the PBI..

published on 10/17/25 3:34 PM