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

Mayors from Balkan countries gather at B40 forum in Sofia

Sofia has taken over the presidency of the most prestigious local government forum in the Balkans – B40. The capital’s mayor Vasil Terziev accepted the baton from the municipality of Tirana, which marked the beginning of the fourth edition of B40...

published on 2/24/25 11:52 AM

Bulgaria's Foreign Ministry: There can be no negotiations on Ukraine without Ukraine and the EU

Ukraine must be given reliable and stable security guarantees as an indispensable condition for sustainable peace , says an official position of the Bulgarian Foreign Ministry on the occasion of 3 years of "Russia's unprovoked and unjustified..

published on 2/24/25 10:34 AM

Bulgarian-Ukrainian organizations to hold marches on third anniversary since the start of war in Ukraine

Bulgarian-Ukrainian associations and non-governmental organizations are organizing marches in the evening in Sofia, Plovdiv and Veliko Tarnovo o n the occasion of the third anniversary since the start of the war in Ukraine on February 24...

published on 2/24/25 9:38 AM

WEATHER

Pick city: Sofía

Partly cloudy, chance of rain
Min: 1 | Max: 5

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Share

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

46 thousand businesses in the EU are Russian-owned

More from category

Mayors from Balkan countries gather at B40 forum in Sofia

Bulgaria's Foreign Ministry: There can be no negotiations on Ukraine without Ukraine and the EU

Bulgarian-Ukrainian organizations to hold marches on third anniversary since the start of war in Ukraine

Bulgaria meets the final criterion for eurozone membership and will request a convergence report

Yellow code warning for cold weather issued for 5 districts in Northeastern Bulgaria

Mayors from Balkan countries gather at B40 forum in Sofia