The Ministry of Defense of Ukraine is preparing the ground for the merger of two structures – the Defense Procurement Agency and the State Operator of the Rear – into a single unit. The reorganization commission will be headed by Arsen Zhumadilov, Director of the Defense Procurement Agency. This was announced by the head of…
Minister of Economy and Industry Petar Dilov held a meeting with Susan Falatko, the Charge d’Affaires at the US Embassy in Bulgaria, to discuss the potential for strengthening economic ties and boosting trade between the two nations. During the conversation, Minister Dilov highlighted the strategic significance of the United States as a partner to Bulgaria…
Lithuania is considering a purchase of long-range air defence systems, says Defence Minister Dovile Sakaliene. “We have plans to evaluate and acquire certain long-range air defence systems in the medium to long term,” she told the TV3 news broadcast on May 1. “We cannot disclose the details of a medium- and long-term acquisition at the…
A quarter of household savings in Bulgaria are now held in euros, reflecting growing confidence in the currency and its widespread use. According to Petar Chobanov, Deputy Governor of the Bulgarian National Bank (BNB), 25% of household deposits and 32% of corporate deposits are already denominated in euros. He attributes this trend to Bulgaria’s strong…
Ukraine’s Presidential Commissioner for Sanctions Policy Vladyslav Vlasiuk says that among the Russian companies on which Ukraine has imposed sanctions are energy and metallurgical enterprises that contribute to the Russian defense program. Vlasiuk reported this on Facebook on May 1. “New sanctions decrees are on the website, and sanctions are in the NSDC register. I…