The 11,756 kg of hashish came from Morocco and was hidden in a storage unit in the village of Mirovyane near the capital Sofia, the interior ministry said.

Tirana Police Chief Bernard Caushaj announced on Monday that police had sequestered more than four million euro in assets from two convicted narcotics traffickers.

The seizure of 400kg of cocaine yesterday is the third biggest seizure of illegal drugs by the Irish authorities.

Spanish authorities busted an international cocaine trafficking ring. In the frames of the operation, which took two months, authorities arrested 36 people, mainly Latin-Americans, La Informacion informed.

While cocaine production ravages countries in Central America, consumers in the US and Europe are helping developed economies grow rich from the profits, a study claims

Thirty people were arrested during an international operation against a Bulgarian-Italian cocaine smuggling ring. The operation, codenamed “Kings of Cocaine,” has been ongoing for several years, but suffered a setback in 2008 due to an information leak.

Viagra appears to have replaced cocaine as the drug of choice for Swedish motorcycle gangs looking to profit from the illegal drugs trade.

The defendants were arrested last April in Austria and Slovenia, during an international police operation codenamed “Spider Web.”

The top twelve organized crime activities in Bulgaria generate some BGN 3.5 B (EUR 1.7 B) annually, according to a report of the Sofia-based NGO Center for the Study of Democracy (CSD).

Eight people have been charged for their part in the “biggest ever” cocaine ring in Sweden, in which several tons of cocaine at a value of 4.5 billion kronor ($665 million) had been imported from Colombia.