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Half a Century Later: Bulgaria Leaves Two Soviet Banks

The National Assembly voted on the first reading of a bill submitted by the Council of Ministers for the denunciation of two agreements for Bulgaria’s participation in two banks with majority participation by Russia, founded in 1963 and 1970 in Moscow.

The International Bank for Economic Cooperation (IBEC) and the International Investment Bank (IIB) were established in Moscow with the aim of “supporting investmen