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Record Profits for the Bulgarian Arms Industry

Bulgaria has seen a 200% growth in military exports in 2021 and 2022, earning 1.6 billion leva, according to Economy Minister Bogdan Bogdanov.

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Bulgaria has seen a 200% growth in military exports in 2021 and 2022, earning 1.6 billion leva, according to Economy Minister Bogdan Bogdanov. The arms industry, accounting for 2% of the economy, has created 20,000 jobs since the war’s onset, but demand still surpasses supply. Frontline countries such as Slovakia, Poland, and Romania are significant trade partners. VMZ Sopot, a leading arms company, has increased its turnover by 830% since 2023. Concerns about the industry’s efficiency, worker safety, and potential sabotage of arms warehouses have been raised.

Source: novinite.com

Jakub Warzecha

Creative copywriter, archaeologist. Interested in history, technology and military matters. Specializes in marketing communications and application architecture design.

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