The Bulgarian government is to propose an update to the budget in six months, as during that time it will be investigating all deficits accumulated since the "collapse" in recent years, Prime Minister Kiril Petkov says.
At a meeting, the government approved the financing of 3 projects for the army. The modernization of the old T-72 tanks using Israeli technology in a Bulgarian state-owned company would cost 85 million euros, cabinet spokesperson Lena Borislavova said. Separately, 36 million euros are provided for new radio equipment of tanks according to NATO standards. 30 million euros will go for the completion of the project for off-road and armored vehicles of the special forces.
The three projects were launched in 2020 by the previous regular government.
Bulgaria remains a net exporter of electricity and one of the pillars of the energy system in Southeast Europe. Electricity exports exceed imports by 3.1% in 2024. According to this indicator, the country ranks 11th in Europe. Among the..
At a ceremony at the Vytautas Magnus University in the Lithuanian city of Kaunas , the rector of Sofia University “St. Kliment Ohridski”, Prof. Georgi Valchev, accepted the rotating presidency of the international university alliance..
For the third consecutive year, Karin Dom – Varna is organizing the charitable initiative “Ivan Stanchov Awards” in memory of the Bulgarian diplomat and founder of the organization, Ambassador Ivan Stanchov. On October 23, awards will be presented..
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