The leading manufacturer of armored vehicles International Armored Group (IAG) is beginning preparations for the construction of a new factory in the coastal city of Burgas. This is another step in the company’s strategy to invest directly in Bulgaria’s arms industry. In 2021, it chose a Bulgarian test site to carry out quality tests according to NATO's standards. IAG is founded by Bulgarian emigrant Dr. Anton Stefov.
The new factory will be built in the industrial zone in Burgas. A preliminary contract for the acquisition of 150,000 square meters of land was signed. The construction of the plant will begin at the end of 2022.
There will be no increase in taxes or suspension of social payments, Minister of Labor and Social Policy Borislav Gutsanov said in an interview with public broadcaster BNT. Borislav Gutsanov stated that the Ministry of Labor and Social Policy..
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The convergence report for joining the Eurozone will be requested after February 18, when the draft state budget is submitted. In an interview with public broadcaster BNT, Bulgaria’s Prime Minister Rosen Zhelyazkov stated that the draft budget..
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Captain Lyubomir Chanev and chief mate Danail Veselinov returned to Bulgaria. They were held captive by Yemen's Houthis for 430 days. The Galaxy Leader..
Bulgaria’s Minister of Finance Temenuzhka Petkova said that she is concerned about the current state of the country’s finances, which,..
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