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

Unions, businesses and the government in Bulgaria fail to agree on poverty line

The National Council for Tripartite Cooperation held a meeting at which a draft decree of the Council of Ministers was considered on determining the poverty line for the country for 2025 . The Government proposes to raise the poverty line from 526 BGN..

published on 9/16/24 5:31 PM

The meeting of Presidents Rumen Radev and Gordana Siljanovska-Davkova in Sofia, September 13, 2024

President Radev explains the absence of the Macedonian flag at his meeting with the president of North Macedonia

Bulgaria's President Rumen Radev described his meeting with the President of the Republic of North Macedonia Gordana Siljanovska-Davkova, which took place on Friday, September 13 , in Sofia, as constructive and frank in a friendly atmosphere...

published on 9/16/24 2:21 PM

Prime Minister Dimitar Glavchev: The first day of school is a significant date for all Bulgarians

For all of Bulgaria, the first school day is a significant date and it can be said that it is one of the biggest holidays in this country. With these words, Caretaker Prime Minister Dimitar Glavchev addressed teachers, students and parents at the..

published on 9/16/24 1:13 PM

WEATHER

Pick city: Sofía

Partly cloudy, chance of rain
Min: 10 | Max: 22

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

Unions, businesses and the government in Bulgaria fail to agree on poverty line

President Radev explains the absence of the Macedonian flag at his meeting with the president of North Macedonia

Prime Minister Dimitar Glavchev: The first day of school is a significant date for all Bulgarians

President Radev explains the absence of the Macedonian flag at his meeting with the president of North Macedonia

Free text books for all Bulgarian schools

The Sofia Metro is the second highest-scoring metro system in an international study