Romania Invests Billions Modernizing Black Sea Military Base

Romania will spend 2.5 billion euros to modernize the Black Sea military base as part of counteracting Russia’s growing presence in the region, according to The Times, quoted by the FOCUS News Agency. Mikhail Koglignichanu Airbase, located about 200 km. east of Bucharest, will be aligned with NATO standards, as evidenced by documents published by local news sites. Up to 10,000 NATO F-35 soldiers and aircraft can be accommodated there. It is planned to become a “mini-city” for the military with kindergartens, sports clubs and a hospital.

The base has already become a center of increased NATO activity in the Black Sea, which has become a key area of ​​tension between Russia and the West. After Moscow annexed Crimea from Ukraine in 2014, the Kremlin began to increase its naval presence in the Black Sea, using the deep-sea base in Sevastopol to carry out naval missions in Syria. Russia is also hampering shipping in the region and last year captured three Ukrainian ships in the Kerch Strait.

Romania and Bulgaria, located on the Black Sea coast, which in the past were allies of the USSR, have joined NATO and the EU since its collapse. In response to Russia’s actions, they have asked the alliance to strengthen its presence in the region, writes The Times. In February, 500 US troops arrived at Romania’s air base. An Eurofighter Typhoon fighter squadron of the British Air Force is stationed and deployed. Since April last year, these aircraft have repeatedly intercepted Russian fighter jets. Georgia, located on the eastern Black Sea coast, is also concerned about Russia’s aspirations. It is not a member of the alliance, but is involved in NATO military exercises. NATO Secretary General Jens Stoltenberg said during a visit to Tbilisi in March that the alliance was “preparing” Georgia for accession. Ukraine has also participated in NATO exercises in the region and has been developing its engagement with the Union since 2014.

Read More

Hyundai To Sell Bulgaria Subsidiary For $24.5 Million

South Korean electrical equipment maker Hyundai Electric said that it has decided to sell its unit Hyundai Heavy Industries Co. Bulgaria for $24.5 million...

Rolls Royce Opens First Store In Bulgaria

You need a Rolls-Royce, but do not want to pay between $ 500,000 and $ 730,000 for a brand new Ghost? There...

Gestamp Engineering Firm To Invest $13.4 Million In Bulgarian Businesses

 Gestamp North Europe Services intends to invest 23.5 million levs ($13.4 million/12.0 million euro) in the acquisition of major stakes in Belgium...


An Increase Of 3.2% Of Bulgarians Going Abroad

Bulgarians made 653.6 thousand trips abroad in September 2019, up 3.2% compared to September 2018, the National Statistical Institute (NSI) said in a press release.

Lufthansa Cancels 23,000 Flights Due To Coronavirus

Lufthansa canceled 23,000 flights scheduled between March 29 and April 24. The company statement said the reason was the "circumstances caused by the...

Machine Building Makes 25% To 30% Of Total Bulgarian GDP

Prime Minister Boyko Borisov attended the opening of the expansion to the "Kostal" automobile factory near Pazardzhik. "For many...