Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgarian Development Bank to finance the country's defense industry

Photo: Ministry of Innovation and Growth

The Bulgarian Development Bank (BDB) is starting "unlimited" financing for the country's defense industry. According to caretaker Minister of Innovation and Growth Rosen Karadimov, the military-industrial complex is a strategic sector for Bulgaria, and it would be national nihilism not to serve it at a time when it is an engine of economic growth. A strategy adopted by the Council of Ministers tasks BDB with providing comprehensive banking service to the military-industrial complex without restriction, without limits, treating both state and private enterprises equally, but only manufacturers, not traders.

Minister Karadimov pointed out that access to the NATO Innovation Fund will be accelerated. Terem CEO Kalin Dimitrov stated that the complex is working on a number of projects, including with Ukrainian partners, as well as on the development of unmanned aerial vehicles.




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

Hot weather, clouds over the mountains, but no precipitation

On Friday, the lowest temperatures will be between 16 and 23°C; in Sofia – around 16°. It will be sunny during the day. There will be cumulus clouds over the mountains, with a very small probability of isolated afternoon..

published on 8/7/25 7:05 PM

Bulgaria deploys military contingent to Kosovo

A Bulgarian military contingent has departed for a peacekeeping mission in Kosovo , BNR’s Shumen correspondent reports. A total of 97 service members (90 men and 7 women) were officially sent off today. The contingent is part of NATO’s Kosovo Force..

published on 8/7/25 6:06 PM

Forum dedicated to 45th anniversary of Atanasovsko Lake Reserve seeks solutions for preserving biodiversity

Regional Library "Peyo K. Yavorov" in Burgas is hosting the forum "Burgas - an intersection of industrial heritage, ecological sensitivity and cultural potential", the organizers from the team of the Bulgarian Biodiversity..

published on 8/7/25 3:57 PM