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

PM Rosen Zhelyazkov (L) and GERB leader Boyko Borissov.

GERB and DPS-New Beginning rule out early elections

‘This is not the time for early elections,’ said Prime Minister Rosen Zhelyazkov at a GERB party conference. According to BTA, he was opposed to holding elections during the country’s planned adoption of the euro in 2026. GERB chairman Boyko..

published on 10/17/25 1:12 PM
Blagomir Kotsev

Appellate Court-Sofia leaves Varna Mayor Blagomir Kotsev in custody

The Sofia Appellate Court left in custody Varna Mayor Blagomir Kotsev, who is charged with corruption and participation in an organized crime group.  The judgment is final. One of the three judges, Andrey Angelov, signed with a dissenting..

published on 10/17/25 11:03 AM

Justice Minister Georgiev discusses with the EC legislative changes related to the new payment under the RRP

Bulgaria’s Minister of Justice Georgi Georgiev conferred in Brussels with the European Commission team responsible for the Resilience and Recovery Plan (RRP) reforms in Bulgaria, reported the Ministry of Justice. EC: RRP payment depends on..

published on 10/17/25 9:51 AM