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Bulgaria and Rheinmetall Launch €1 Billion Ammo Factory

10/29/2025

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Summary

Story summary

Bulgaria signed a deal with Rheinmetall to build a gunpowder and ammunition factory in Bulgaria, a joint venture valued at over €1 billion with Rheinmetall holding 51%.
The factory will produce gunpowder, 155-mm shells, and modular charge systems, creating nearly 1,000 jobs.
Rheinmetall CEO Armin Papperger said the facility could be operational within 14 months.
Prime Minister Rosen Zhelyazkov emphasized the project's importance for Bulgaria's industrial and defense sectors.

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Story summary

Bulgaria signed a deal with Rheinmetall to build a gunpowder and ammunition factory in Bulgaria, a joint venture valued at over €1 billion with Rheinmetall holding 51%.
The factory will produce gunpowder, 155-mm shells, and modular charge systems, creating nearly 1,000 jobs.
Rheinmetall CEO Armin Papperger said the facility could be operational within 14 months.
Prime Minister Rosen Zhelyazkov emphasized the project's importance for Bulgaria's industrial and defense sectors.