Over 70,000 Employed in Bulgarian Defense Industry – Economy Minister

Jerusalem, 22 November, 2022 (TPS) -- SOFIA, 22.11.2022 (BTA)
The Bulgarian defense industry employs more than 70 thousand people, and the sector has an important economic and social significance, Economy Minister Nikola Stoyanov said on Tuesday at the opening of the Annual AFCEA (Armed Forces Communications and Electronics Association) TechNet Sofia 2022 Conference in the Central Military Club in Sofia.

This year’s AFCEA Sofia Chapter, entitled “Modernization of the Bulgarian Army’s Weapons and Equipment. Restart”, will present innovative technologies and equipment from leading Bulgarian and International companies for Armed forces modernization, and hear and discuss concrete governmental plans and actions about announced projects and their possible alternatives.

Stoyanov said that Bulgarian companies actively participate and perform successfully both in highly competitive international NATO tenders and in current European programs with a focus on defense. He added that this sector is competitive and has its place in a high-tech European industry. Stoyanov also pointed out that the Bulgarian defense industry has a significant capacity that can and should be used in projects for the modernization of the Bulgarian Army.

The conference was attended by Defense Minister Dimitar Stoyanov, Chief of Defense Adm. Emil Eftimov, and President Rumen Radev’s Security and Defense Adviser Iliya Milushev among others.