The leading manufacturer of armored vehicles International Armored Group (IAG) is beginning preparations for the construction of a new factory in the coastal city of Burgas. This is another step in the company’s strategy to invest directly in Bulgaria’s arms industry. In 2021, it chose a Bulgarian test site to carry out quality tests according to NATO's standards. IAG is founded by Bulgarian emigrant Dr. Anton Stefov.
The new factory will be built in the industrial zone in Burgas. A preliminary contract for the acquisition of 150,000 square meters of land was signed. The construction of the plant will begin at the end of 2022.
Metallurgy, heavy and mining industry are an irrevocable part of the full-fledged economic development of Europe. This was stated by Bulgarian President Rumen Radev at the solemn celebration of the Metallurgist's Day in Sofia, which was held under the..
On Wednesday morning, visibility will be reduced in some places in the valleys, plains and along the Black Sea coast. Minimum temperatures will range between minus 3 and 2°C, around minus 2°C in Sofia. During the day it will be sunny with highs between..
For the first time in recent election history, the end election result leaves a party running in the election outside the National Assembly with a result of 3.999% (Velichie), 21 votes short of the electoral threshold, reads a position by the..
An engineering contract for the construction of new capacity at the Kozloduy Nuclear Power Plant (NPP) has been signed by NPP Kozloduy - New Capacities..
On Tuesday , the lowest temperatures will be between minus 3° and 2°C, in Sofia - around minus 1°C. During the day it will be sunny,..
17 drifting mines have been discovered and destroyed in the Black Sea by the Naval Forces of Bulgaria, Romania and Turkey since the beginning of the war..
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