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

Bulgaria's Foreign Ministry recommends avoiding travel to Serbia on the weekend, protests expected

Bulgarian citizens and road hauliers should avoid traveling to Serbia on March 15 and 16 except in cases of extreme necessity , until the protest actions are over, advises the Bulgarian Foreign Ministry. On Saturday, March 15, another organized..

published on 3/15/25 9:50 AM

Cloudy and warm, with a maximum of 30°C

On Saturday, after the expected overnight rainfall, morning temperatures will range between 8°C and 13°C. In Sofia, it will be around 11°C. During the day, clouds will be mostly significant but high. Winds will increase from the south-southwest,..

published on 3/14/25 7:05 PM

The emblematic monument of Hristo Botev in Bulgaria's Vratsa dismantled for restoration

The emblematic monument of Bulgaria's national hero - the poet-revolutionary Hristo Botev in the center of the city of Vratsa has been dismantled for restoration . For this purpose, the nine-meter statue will be transported to a specialized workshop in..

published on 3/14/25 5:38 PM