“With the investment of the German defence conglomerate Rheinmetall, Bulgaria becomes part of the European defence ecosystem,” said Bulgarian President Rumen Radev in Germany at a joint briefing with Rheinmetall’s CEO Armin Papperger at the opening of a new high-tech munitions plant in Unterluess in Lower Saxony, Germany.
Armin Papperger on his part said that the possibility of building joint projects with Bulgaria had first been discussed during the Munich security conference, and added that Rheinmetall is going to invest in two factories, together with the Bulgarian government – one for munition and one for gunpowder. The shell factory planned in Bulgaria will have an annual capacity of 100,000 to 150,000 units, or half the capacity of the facility in Unterluess, he said further.
As regards the company’s plans in Bulgaria, President Radev stated that besides joint production, they also include furthering the long-term strategic partnership with Germany, creating jobs, introducing new technologies, support for the modernization of the Bulgarian army as well as expanding the market for the Bulgarian arms industry.
Edited by Diana Tsankova
Translated and posted by Milena Daynova
Photo: Facebook / Rumen Radev
The leader of "We Continue the Change", Asen Vassilev, described the selection of Rumen Spetsov as a special manager at Lukoil as a "bad joke". "Rumen Spetsov was appointed to collect taxes, not to manage a refinery. There is a..
The nominated person for special manager for the four companies of "Lukoil Bulgaria" is Rumen Spetsov, Minister of Economy, Petar Dilov, said. "He meets all legal requirements", Dilov added. The decision was discussed at the Security..
We hope that today Bulgaria will receive a derogation from the US sanctions against Russian company Lukoil, such as the one in Germany - for 6 months. This was what Boyko Borissov, leader of the GERB party, said. In anticipation of..
On Saturday, the lowest temperatures will be between 0 and 5°C; in Sofia - it will be around 0°C. During the day it will be mostly..
The Bulgarian Ministry of Defense is requesting a postponement of one of the large payments under the contract for the second F-16 to 2028. Defense..
Great Britain has issued a special license on Friday that allows businesses to continue to work with two Bulgarian subsidiaries of sanctioned Russian oil..
+359 2 9336 661