Bulgaria's Eurozone Aspirations: Fitch Ratings Affirms Positive Outlook
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
In a session held on Wednesday, the Council of Ministers has given its seal of approval to the eagerly anticipated Report on the State of Defence and the Armed Forces for the year 2023. Its imminent submission to the National Assembly heralds a new chapter in the scrutiny and advancement of Bulgaria's Armed Forces.
Due to the significant security challenges following Russia's war with Ukraine, NATO is imposing stricter requirements on capabilities, especially for member nations situated on the Eastern Flank.
Throughout the past year, concerted defense efforts have been channeled toward enhancing the operational readiness of the Bulgarian Armed Forces. A key focus has been on bolstering essential defense capabilities, bridging existing gaps, and aligning with NATO's stringent Capability Goals.
Central to this endeavor is the reinforcement of NATO's forward positioning, a vital bulwark against potential adversaries. Additionally, addressing personnel shortages and optimizing the volunteer reserve are integral components of our defense strategy. Filling vacant positions within the armed forces, coupled with rigorous training initiatives, ensures that our military remains agile and prepared to meet emerging challenges head-on.
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Bulgaria's Parliament has taken a significant step towards acquiring eight multi-role F-16 Block 70 aircraft and associated support by ratifying Amendment No. 2 to the Letter of Agreement (LOA) BU-D-SAB.
In an announcement made on Friday, Flotilla Admiral Georgi Penev, Deputy Commander of the Bulgarian Navy, revealed plans for significant upgrades and modernization within the naval forces
Specialists from the United States have conducted an inspection of the repair work at Bulgaria's air base near Graf Ignatievo
Vazovsky Machine Building Plants (VMZ) in Sopot have achieved a remarkable milestone, recording a staggering BGN 828 million in net sales revenue for the year 2023, doubling compared to the previous year
The Bulgarian National Assembly has unanimously voted in favor of a 30% salary increase for military personnel
Tensions in the Black Sea region have escalated, following Russia's invasion of Ukraine, as NATO announces plans to bolster its military presence, with a new base set to be established in Bulgaria
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022