Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Former head of "Kintex": 200 million leva worth of weapons were exported to Ukraine

Photo: BGNES

The State Consolidation Company has announced that it will refer to the prosecutor's office irregularities detected at the state-owned company for foreign trade in special goods "Kintex". 

The company's financial report for the first quarter of 2022 showed 17 times less profit than in the same period last year. The now dismissed director of Kintex, Alexander Mikhailov, allegedly ran the company single-handedly and failed to report the contracts, the consolidation company claims. Alexander Mikhailov denied everything to journalists and stated that a smear campaign was underway against him.

According to him, arms worth 102 million euros had been exported via Romania to Poland with final destination Ukraine. "Deputy Prime Minister Assen Vassilev can provide a reference from the Customs Agency on the value of weapons exported since the beginning of the war.

It might turn out that the increase is 45 to 47 times," Mikhailov underlined, adding that it was mainly 122-millimeter BM-21 missile shells.



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 asks the US to postpone payment under the F-16 contract

The Bulgarian Ministry of Defense is requesting a postponement of one of the large payments under the contract for the second F-16 to 2028. Defense Minister Atanas Zapryanov said that this is necessary because Bulgaria will encounter difficulties in..

published on 11/14/25 6:50 PM

Bulgarian Lukoil companies receive special license from UK

Great Britain has issued a special license on Friday that allows businesses to continue to work with two Bulgarian subsidiaries of sanctioned Russian oil company Lukoil, Reuters and BNR Horizont reported. The general license allows companies and banks to..

published on 11/14/25 6:45 PM

Asen Vassilev about the selection of special manager in Lukoil Bulgaria: "A bad joke"

The leader of "We Continue the Change", Asen Vassilev, described the selection of Rumen Spetsov as a special manager at Lukoil as a "bad joke". "Rumen Spetsov was appointed to collect taxes, not to manage a refinery. There is a..

published on 11/14/25 4:13 PM