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

The faithful from all over the country took part in a procession with a miraculous icon of the Virgin Mary

Hundreds of believers from all over the country gathered at the Bachkovo Monastery to take part in the traditional liturgical procession with the miraculous icon of the Virgin Mary. The procession began at 8am, accompanied by the ringing of bells and led..

published on 4/21/25 11:39 AM

Sunny Monday with temperatures up to 27 Celcius expected in Bulgaria

Monday will be mostly sunny . In some places in the lowlands and valleys in the morning hours there will be short-term fog. Mainly in the Rila-Rhodope region and around the Balkan Mountains there will be rain.  Minimum temperatures will be between..

published on 4/20/25 6:25 PM

National Assembly Speaker, the Prime Minister and the President congratulate Bulgarians on the Resurrection of Christ

“Today, united by the power of our faith in the redemptive sacrifice of Jesus Christ, we celebrate together again and are inspired by His Resurrection. May it help us to do good deeds!” With these words, the Speaker of the National Assembly Natalia..

published on 4/20/25 12:23 PM