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Spotlight | Bulgaria, Ukraine
Arsenal JSC, Kyiv's Bulgarian arms hub, part 1: From Soviet equipment broker to combat drone supplier

The Bulgarian Arsenal group's stand at the World Defense Show in Riyadh, 4-8 February 2024.
The Bulgarian Arsenal group's stand at the World Defense Show in Riyadh, 4-8 February 2024. © Indigo Publications
The Bulgarian arms group Arsenal plays a key role in equipping the Ukrainian army, which is still heavily dependent on Soviet-era materiel. It also appears to be behind Hades Defense Systems, a new drone production company that is kitting out Kyiv. [...]
Published on 16.04.2024 at 04:00 GMT Reading time 3 minutes

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International Dealmaking

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