Weapons trade

Bulgaria's Arms Exports up 20 Percent to €1.2 Billion in 2017

Bulgaria's booming arms trade continued to grow in 2017 with arms and ammunitions exports topping €1.2 billion ($1.4 billion), an official report showed on Wednesday, October 31, reports The Defense Post. 

Conflicts in the Middle East have boosted Bulgaria's arms sales in recent years to levels not seen since the fall of communism in 1989.

The United States and Russia Remain the Largest Arms Exporters in the World

The United States has strengthened its position as the world's leading exporter of weapons over the past five years, providing about a third of the world's arms supplies. This is reported by the Stockholm International Peace Research Institute (SIPRI), quoted by DPA.

Bulgaria's Arms Exports Reach Record High in 2016

Bulgaria's arms exports reached unprecedented volumes in 2016, with the total value of the deals surpassing one billion euros, the annual report by the state commission for export control shows.

The state approved 595 export licences worth nearly 1.3 billion euros, from which deals worth 1.015 billion euros were realised.

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