THE FEDERAL BANK

The deep crisis in the German heavy industry is taking on a domino effect, and the very foundations of the German economic miracle, as it was built post-war, are literally shaking. Next in line is the German industry Evonik, headquartered in Essen, in the Ruhr Valley, the traditional “cradle” of German heavy industry in the most populous state of North Rhine-Westphalia.

"There is a real danger that in the next 3-4 years we will not be able to carry out our combat duty alone". This was said by Dimitar Stoyanov, Caretaker Minister of Defense when presenting the team and priorities in the sector. He pointed to the war in Ukraine and the sanctions imposed on repairs of Russian equipment as the reason, as well as the delay in the F-16 contract.