The budget of the Bulgarian Naval Forces will be increased in 2024 because of the situation in the Black Sea. With the implementation of modernization projects, the capabilities of the Navy will grow, Defense Minister Todor Tagarev said at a solemn ceremony, dedicated to 144th anniversary of the establishment of the Bulgarian Navy.
The minister recalled that the construction of modular and multi-role patrol ships is underway. The execution of the contracts for the supply of anti-ship missiles, anti-aircraft guided missiles and torpedoes for the new ships also continues.
"The investment program for the modernization of the armed forces will include new projects that are to upgrade the capabilities of the Navy," Minister Tagarev also said.
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Bulgaria’s National Assembly approved at second reading amendments to the Investment Promotion Act. Under the changes, the assets of the Russian company Lukoil in Bulgaria can be sold only after a decision by the Council of Ministers and following a..
The President of the “Renew Europe” group in the European Parliament, Valérie Hayer, called on the European Commission to urgently send a mission to..
Bulgaria could run into fuel shortages if the Lukoil Neftochim refinery stops operating, former Prime Minister and GERB leader Boyko Borissov warned on..
On Thursday, minimum temperatures will range between 6 and 11°C across the country. Along the Black Sea coast, they will reach 13 to 16°C , while in Sofia..
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