Eurohold Bulgaria AD, a leading energy and financial group in Southeast Europe, informs the public about an organized attack against Euroins Romania, the largest insurer on the Romanian insurance market and the biggest unit of Euroins Insurance Group AD, the holding’s subsidiary insurance group.  The attack against Euroins Romania might involve a number of senior […]

Aircraft Repair Company Trenčín (LOTN), a state-owned joint stock company, has officially launched production of microwave modules for the Slovak Armed Forces’ 3D Air Defence (AD) radar systems, with ELTA Systems Ltd, a subsidiary of Israel Aerospace Industries (IAI), being the prime contractor for the programme. Alongside aircraft servicing, LOTN now has a production programme […]

The largest Israeli state-owned defense company confirmed its readiness to participate in the modernization of the Bulgarian Army and commitment to cooperate with the Bulgarian military-industry   Sofia, 26 January, 2023 – Israel Aerospace Industries (IAI) organized today a seminar in Sofia on the topic: “Building capable defense systems in age of rising military threats – […]

Revenue for the first 9M approx. tripled to BGN 4.7 billion (EUR 2.4 billion) EBITDA soared nearly 6-fold to BGN 263.6 million (EUR 134.7 million)    Energy business accumulated BGN 2.7 billion (EUR 1.4 billion) in revenue and BGN 213.9 million in EBITDA (EUR 109.3 million)  Premium volume in insurance grew by 44.7% to BGN 1.2 […]

The leading rating agency Fitch Ratings has upgraded to “stable” the outlook of Euroins Insurance Group (EIG), insurance division of the largest public holding in Bulgaria – Eurohold.  In a statement, published on 14 November, Fitch affirmed its assessment on EIG’s Insurer Financial Strength Ratings – B+, changing the outlook to “stable”. The new perspective […]

Tel Aviv, Israel. 09 November 2022. In a historic first, Israel Aerospace Industries (IAI), a world-class aerospace and defense company, is exhibiting at the prestigious Bahrain International Airshow, taking place November 9-11th. IAI will showcase a variety of its state-of-the-art aviation products, including civil aviation, radars and avionics, air defense systems, coastal guard and drone […]

Beyond the upgrade of Bulgaria’s air and missile defense systems in accordance with military objectives, every state must safeguard its civil aviation and strategic infrastructure, according to Alon Kaplan, Regional Marketing and Business Development Director at IAI and ELTA Systems Ltd* The state-owned Israel Aerospace Industries (IAI) is the largest defense and aerospace company in […]

The Acquisition of New Air Defense Radars Tops Priority List for Funding  Irrespective of who forms the new Bulgarian government and who is chosen as the new Minister of Defense, one issue remains clear – Bulgaria must increase its military budget and accelerate the modernization program for the Bulgarian Army. The war in Ukraine and […]

Germany and 13 more NATO partners, amongst which Bulgaria as well, aim to jointly procure air defense systems that protect allied territory from missiles and three systems are being discussed, including Israel’s Arrow 3 developed by Israel Aerospace Industries (IAI), the largest Israeli state-owned defense company, according to recent media reports. “With this initiative, we […]

Eurohold’s energy subholding bought all remaining shares of minority shareholders for c. BGN 7.8 million (EUR 4 million) and both companies will be delisted from the Public Companies Register Еnergy holding Eastern European Electric Company B.V. (EEEC), part of Eurohold Bulgaria AD and a majority owner of Electrohold, increased its stake in the two publicly […]