Foreign Interest Surges in Bulgarian Property Market, Especially in Resorts
Real estate agents have reported a surge in property purchases by foreigners in Bulgaria's resorts and major cities like Sofia, Plovdiv, Varna, and Burgas
On a roundtable discussion held on Tuesday, Bulgarian MEP Andrey Novakov emphasized the pressing need for Bulgaria to be prepared in the face of escalating security concerns, particularly stemming from the ongoing conflict in Ukraine. Hosted by the Vasil Levski National Military University in Veliko Tarnovo, the event focused on the evolving landscape of European security in the 21st century.
Highlighting the relevance of the war in Ukraine to Bulgaria, Novakov underscored that while Bulgaria hasn't declared war on anyone, external threats such as mines along the Black Sea coast, drone incidents, and foreign espionage activities impact every Bulgarian citizen. He emphasized the imperative for readiness in light of these challenges.
Novakov further noted a continent-wide trend of rearmament, with European nations increasingly prioritizing defense preparedness. Against a backdrop dominated by headlines of events in Gaza and Ukraine, he suggested that the EU and NATO may consider implementing additional measures, including sanctions and bolstering defense spending to exceed 2% of GDP.
Echoing Novakov's concerns, General Ivan Malamov, head of the Vasil Levski National Military University, highlighted the institution's role as a leading authority on security matters in both Bulgaria and the EU. He pointed out the evolving nature of armed conflicts, driven by technological advancements and shifting geopolitical dynamics, which directly impact European citizens' security.
The roundtable attracted a diverse array of attendees, including Estonian MEP Riho Terras, Veliko Tarnovo Regional Governor Ivaylo Zdravkov, representatives from law enforcement agencies, cadets from the university, and national and regional security experts from Romania and beyond.
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