Bulgaria's Tourism Struggles to Diversify Beyond Traditional Offerings
Bulgaria continues to lag behind neighboring countries in achieving significant growth in its tourism sector
The Cabinet of Ministers has presented a project to the Parliament for investment spending aimed at acquiring IRIS anti-aircraft missile systems from Germany. Bulgaria has announced plans to purchase one IRIS-T SLM system at a total cost of 182,114,311 euros (356,184,633 leva). Additionally, there is consideration for acquiring up to five more IRIS-T SLM systems and one IRIS-T SLX long-range system, with pricing details outlined until 2032.
From July 22-24, 2024, workshops took place at the Ministry of Defense involving representatives from Germany's Federal Ministry of Defense and the German company Diehl Defense. These meetings focused on acquiring ground-based air defense systems IRIS-T as part of the European Sky Shield Initiative (ESSI). The goal was to finalize the draft Program Agreement between the defense ministries of Bulgaria and Germany and to discuss a draft supplement to the existing supply contract with Diehl Defense for the acquisition of these systems.
The planned signing of a program agreement between Bulgaria's Ministry of Defense and Germany's Federal Ministry of Defense is intended to allow Bulgaria to benefit from the terms of Germany's existing supply contract with Diehl Defence. This agreement is a part of the project for investment expenditure titled "Acquisition of anti-aircraft missile systems".
Boyko Borissov, former Prime Minister and current leader of the ruling GERB party, emphasized Bulgaria’s long-standing experience and skilled workforce in the defense sector
This year, Bulgaria is set to receive its first batch of 33 Stryker combat vehicles for the Land Forces
The first Bulgarian F-16 Block 70 multi-role fighter jet
Bulgaria continues its military modernization efforts, now surpassing NATO’s 2% defense spending target by dedicating 3% of its GDP to defense
The Bulgarian Ministry of Defense has announced 32 open positions in a military formation located in Bankya
Russia continues to pose the most serious and immediate threat to NATO and the European Union, according to the 2024 Report on the Status of the Defense and Armed Forces of the Republic of Bulgaria
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase