Potential NATO Deployment to Ukraine Sparks Debate and Preparation
NATO appears to be on the verge of sending troops to Ukraine
Over the past three years, revenues from exports of industrial production have amounted to over BGN 600 M a year, according to Bulgarian caretaker Economy and Energy Minister Vasil Shtonov.
Speaking Friday at an industrial forum in Sofia, Shtonov pointed out that revenues from exports of industrial output had increased by over 30% from the years of 2008 and 2009, when the rate had been at BGN 450 M.
Shtonov emphasized that over 15 000 workers were involved in the industry sector.
He informed that 95% of the output was export-oriented.
Bulgaria’s caretaker Economy and Energy Minister drew attention to the fact that the export volume of defense products remained unchanged and the proportion of this type of exports to EU and NATO countries and also countries outside NATO remained the same.
“Bulgarian made products are export-oriented, top-quality products at affordable prices, which makes them competitive on an international scale,” Shtonov stated, as cited by the Focus news agency.
He insisted that Bulgaria’s industry had to be part of the implementation of the national program “Bulgaria in NATO and EU Defense 2020.”
Shtonov argued that the involvement of Bulgarian companies in the production of these capabilities would stimulate production in sectors other than the military industry, which would have a positive impact on the entire economy.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Many Bulgarian consumers are raising concerns about the resale of goods from Chinese sites like Temu and Shein at higher prices in Bulgarian physical and electronic stores
Coastal hoteliers are increasing employee wages by at least 20% to address the staff shortage
In April, inflation across the European Union remained steady, with both the EU and the Eurozone recording a rate of 2.6% and 2.4%, respectively, according to data from Eurostat, the official statistics agency of the EU
The Simeonovo lift, located on Vitosha Mountain, has ceased operations permanently due to unavailability of necessary parts
In 2023, the adoption of electronic business applications among enterprises in the EU varied considerably based on their size
During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU