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

Defense industry has important place in Bulgaria’s economy, sector representatives say

Photo: BGNES

Defense industry has an important share in Bulgaria’s economy, Academician Stefan Vodenicharov, co-chairman of the Bulgarian Defense Industries Association has told the Bulgarian National Radio, commenting on recent scandals over licenses of defense factories.

For the past year, turnover of the Bulgarian companies is over 1.1 billion and it should be kept in mind that the defense industry employs directly over 25-30 thousand people, as the number has been rising, he said.

Competition on the global market is fierce and keeping our market positions is extremely important for the entire defense industry of Bulgaria. The issues related to this sector are of geopolitical importance, too, Mr. Vodenicharov added.



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

Sunny, windy and cold in the morning

On Tuesday it will be sunny and windy in most parts of the country. Clouds will develop in the northeast and along the Black Sea coast, where it may rain in places.  Lows will be between 5 and 10°C, 5°C in Sofia. Highs will be between 16 and 21°C...

published on 9/30/24 7:05 PM

Some Bulgarians in Lebanon have been evacuated on a government aircraft flight

Bulgaria has begun evacuating our fellow citizens who expressed a desire to leave Beirut following Israel's attacks on Lebanon. Some of the Bulgarians in Lebanon have already been evacuated on a government aircraft flight, BNR's correspondent Mira..

published on 9/30/24 5:59 PM

Eurostat: Young Bulgarians leave their parental home at an average age of 30

The highest average age of young people in the EU leaving their parental home was recorded in Croatia (31.8 years), Slovakia (31 years), Spain (30.4 years), Bulgaria, and Italy (30 years in both countries). Finland (21.4 years), Sweden and Denmark..

published on 9/30/24 5:29 PM