Bulgaria’s President Rumen Radev has meet in Sofia with representatives of the American corporation Lockheed Martin. President Radev called for solutions to prevent Bulgaria from losing its defence capabilities after the expiration of the lifespan of the MiG-29 fighter aircraft, taking into account the delay in delivery of the F-16 Block 70 fighter aircraft.
Lockheed Martin assured Bulgaria’s head of state that the company was making considerable efforts to restore the production line after the difficulties caused by the coronavirus pandemic. They also expressed their readiness to support the Bulgarian Air Force with expertise to build the necessary ground equipment and to maintain the F-16 fighter jets.
The intial plan was for the first F-16 fighter jets to be delivered in 2023. However, in the beginning of 2022 the company announced that the delivery would be delayed by at least two years due to the Covid-19 pandemic.
Great Britain has issued a special license on Friday that allows businesses to continue to work with two Bulgarian subsidiaries of sanctioned Russian oil company Lukoil, Reuters and BNR Horizont reported. The general license allows companies and banks to..
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..
Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks..
On Tuesday, overnight lows will range from 7°C to 12°C, rising to 12–16°C in eastern Bulgaria and around 9°C in Sofia. It will be a cloudy day with rain,..
The European Commission has approved 70 projects across the EU , worth more than €600 million , to support alternative fuels and reduce vehicle..
+359 2 9336 661