Trust Fund

"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.

As Executive Head of the United Nations Democracy Fund (UNDEF), Annika Savill manages a UN Secretary-General's Trust Fund that strengthens the voice of civil society, promote the rule of law and human rights, and encourage the participation of all groups in democratic processes.

The government has today allocated a record BGN 1 million, to support Africa. This is 10 times more than the funds Bulgaria has provided so far.

European Commission President Jean-Claude Juncker, together with some European Heads of State, launched on November 12 the EU’s Emergency Trust Fund for stability and addressing root causes of irregular migration and displaced persons in Africa.

Delivering on the European Agenda on Migrations from May, the European Commission is putting forward a comprehensive package of proposals which will help address the refugee crisis that EU Member States and neighbouring countries are facing, including by tackling the root causes making people seek refuge in Europe.

The Turkish Treasury has seized Euro Investment's insurance unit, Ege Insurance, on the grounds the company could not meet its liabilities amid financial difficulties on Aug. 7. 

The losses of the company were around 104 million Turkish Liras, according to sources. Ege Insurance has over one million policies with around 1 percent of the market. 

The African Union called Jan. 30 for a regional five-nation force of 7,500 troops to defeat the "horrendous" rise of Nigeria's Boko Haram Islamist militants.
 
The call for collective action came as leaders of the 54-member bloc opened their two-day annual summit in the Ethiopian capital Addis Ababa, where they were addressing a string of crises across the continent.