NEWS

American business delegation visits Bulgaria at the initiative of the Head of State

 

President Rumen Radev met with leading American companies active in the defence, aerospace, cyber and high-tech industries. The business delegation is visiting this country at the initiative of the head of state. 

 

During the meeting, the sides discussed the prospects for building on the strategic cooperation between Bulgaria and the US in the field of investment and technology transfer. The opportunities for the modernisation of the Bulgarian defence industry with the introduction of innovative and high-tech solutions, as well as its transformation to match NATO standards were also in the focus of the talks.

The two were unanimous that restoring peace in Europe through diplomacy is a priority for the EU and the only way to ensure the long-term security and stability of the Old Continent.

The President recalls that the institution of the Special Commercial Administrator (SCA) was introduced by an Act adopted in 2023, which also established a number of safeguards against potential abuse and arbitrariness — safeguards of the kind already adopted in other European states faced with similar circumstances, with the objective of minimising the risk of subsequent financial claims against the State

Bulgaria stands in solidarity with Lebanon's efforts to support peace, security and stabilisation of the Middle East, which are also of utmost importance to the EU, Radev says after a meeting in Sofia with his Lebanese counterpart

The head of state awardS the Presidential Badge of Honour to the then British Ambassador to Libya