Hungary remains the only European shareholder of the Russian spy bank
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Another European country is to withdraw as a shareholder of the International Investment Bank (IIB, Hungarian: Nemzetközi Beruházási Bank, NBB). Bulgaria will cease to be a member of the bank from August, MTI, the Hungarian news agency, reports.
Bulgaria withdraws, Hungary the only European shareholder
The Budapest-based IIB received official notification from Bulgaria on Thursday. The note said that the country will cease to be a shareholder in the bank from 15 August. Slovakia and the Czech Republic have already left the bank, and Romania will do the same on 9 June following aggression against Ukraine. This leaves Hungary as the only European shareholder, 444.hu reports.
At the end of January, 14.46 percent of IIB shares were held by Bulgarians and 8.94 percent by Romanians. Russia is the largest owner of the International Investment Bank with 45.44 percent, 24.hu writes. The country is followed by Hungary with 25.27 percent. Cuba holds 2.83 percent, Mongolia 1.8 percent and Vietnam 1.26 percent.
… Bolstering Hungary’s ongoing commitment to “trying to salvage whatever can be salvaged from economic cooperation with Russia” (Mr. Orbán’s words).
By whatever means, apparently!