Bulgarian prime minister eyes opportunities as EU ramps up spending

Bulgarian prime minister eyes opportunities as EU ramps up spending
Bulgarian Prime Minister Rosen Zhelyazkov is optimistic about the potential for growth in the country's defense industry as the European Union increases military spending. During a visit to an arms factory on March 7, he highlighted the opportunities that could arise from this shift in focus, particularly in light of the ongoing geopolitical tensions in Europe.Zhelyazkov's government is also committed to meeting the Maastricht criteria for eurozone entry, setting a budget deficit target of a maximum of 3% for 2025. This move aims to stabilize Bulgaria's economy and enhance its readiness for adopting the euro, despite previous setbacks in securing EU funding due to political instability.As the EU ramps up its defense budget, Bulgaria seeks to leverage these developments to bolster its economy and strengthen its position within the union. The Prime Minister's proactive approach reflects a broader strategy to align with EU initiatives while fostering national growth.