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flag Germany’s Rheinmetall and Bulgaria to build joint ammunition plant with EU funding, boosting European defense production.

flag Germany’s Rheinmetall has agreed with Bulgaria to build a joint venture ammunition plant producing gunpowder, 155mm shells, and modular charges, with Rheinmetall holding a 51% stake. flag Funded partly through EU loans under the SAFE mechanism, the facility aims to create nearly 1,000 high-skilled jobs and begin production within 14 months, with an initial capacity of 100,000 shells annually. flag The project supports Europe’s effort to strengthen defense manufacturing post-Ukraine invasion and revives Bulgaria’s Cold War-era arms industry, enhancing its role as a key ammunition supplier to Ukraine.

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