According to an investigation carried out by Euractive Bulgaria, Bulgarian arms worth billions of USD entered Ukraine through other countries in the past two years without Ukraine and Bulgaria even having to agree to a single direct deal, even before the war.
“Even before the war, from the start of 2021 until 24 February 2022, Ukraine made no direct deals with Bulgarian arms companies, which are major exporters of weapons and ammunition produced according to the Soviet standard for the Ukrainian army”, Euractiv said. In 2022 alone, Bulgaria exported indirectly at least USD 1 billion in arms to Ukraine, Euractiv wrote. Large state-owned arms factories in Sopot, Kazanlak and Karlovo reported a 100% increase in sales. According to Alexander Mihailov, former executive director of the state-owned company “KIntex”, the arms export permits issued by the state in 2022 were to the tune of EUR 1.3 billion.
The Bulgarian National Bank reports a sharp increase in new household deposits . The growth in euro deposits is impressive. In just one month, amounts worth 334 million leva (over 161 million euros) were placed in deposit accounts. This is 57% more than..
The President of the National Assembly, Natalia Kiselova, is convening an extraordinary parliamentary sitting today with a single item on the agenda – a vote on amendments to the Medical Establishments Act, the Bulgarian News Agency (BTA) reported...
The international conference Regional Defence Summit 2025 takes place today in Sofia. It brings together defence ministers, representatives of the European Union and NATO, industry leaders, investors and innovators with the next..
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Frol and Frosia are the newest residents of the Bear Sanctuary Belitsa, according to the Four Paws Foundation, which runs the bear sanctuary in..
On Tuesday , the lowest temperatures will be between 3 and 8°C; in Sofia – about 4°C. During the day before noon cloudiness will be..
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