Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgarian Development Bank to finance the country's defense industry

Photo: Ministry of Innovation and Growth

The Bulgarian Development Bank (BDB) is starting "unlimited" financing for the country's defense industry. According to caretaker Minister of Innovation and Growth Rosen Karadimov, the military-industrial complex is a strategic sector for Bulgaria, and it would be national nihilism not to serve it at a time when it is an engine of economic growth. A strategy adopted by the Council of Ministers tasks BDB with providing comprehensive banking service to the military-industrial complex without restriction, without limits, treating both state and private enterprises equally, but only manufacturers, not traders.

Minister Karadimov pointed out that access to the NATO Innovation Fund will be accelerated. Terem CEO Kalin Dimitrov stated that the complex is working on a number of projects, including with Ukrainian partners, as well as on the development of unmanned aerial vehicles.




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

Hundreds of people to meet July Morning on the central beach of Burgas

Hundreds of people will meet the sunrise on the first morning of July with a big concert on the central beach of Burgas. The program for "July Morning - 2024" will start tonight and will last until the morning. Various bands will perform on..

published on 6/30/24 2:36 PM

Metropolitan Daniil of Vidin is the new Bulgarian Patriarch

Metropolitan Daniil of Vidin has been elected as the new Bulgarian Patriarch. He received 69 votes.  Metropolitan Gregory of Vratsa received 66 votes. There were three invalid ballots. The Grace of the Holy Spirit is in Unity, Purity of Faith and..

updated on 6/30/24 1:40 PM
Luben Dilov JR

MP Luben Dilov: Rosen Zhelyazkov will probably receive the cabinet-forming mandate

Former National Assembly speaker Rosen Zhelyazkov will probably receive tomorrow the first cabinet- forming mandate from President Rumen Radev, GERB-SDS MP Luben Dilov assumed in an interview for BNR. He added that he was referring to "statements" by..

published on 6/30/24 12:41 PM