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Bulgarian State Finance

Bulgaria’s Defense Spending in 2019 is 3.1% of GDP

LONDON, (BM) - Bulgarian Prime Minister Boyko Borisov and NATO Secretary General Jens Stoltenberg spoke each other before the NATO summit in London, learned BulgarianMilitary.com. "I highly appreciate the Alliance's role in protecting security, freedom and democratic values. For us, Bulgaria's national security and defense is only guaranteed

Bulgaria Plans to Invest $1,4 Million for Propeller Aircraft

SOFIA, (BM) - Bulgaria's defence ministry said at September 13 that it has launched a tender for signing a four-year framework agreement for supply of training propeller aircraft and related services, worth an estimated 2.5 million levs ($1.4 million/1.3 million euro), learned BulgarianMilitary.com. Read more: Bulgaria Provided $ 46,6 Million

Bulgaria Provided $ 46,6 Million for the Repair of Su-25

SOFIA, (BM) - The government has fulfilled its commitment and provided BGN 82.510 ($46,6) million to the Ministry of Defense for the aircraft, Prime Minister Boyko Borisov announced on his Facebook page, learned BulgarianMilitary.com. Read more: Bulgaria Invites Russian Specialists to Repair Su-25 Together With the Bulgarian Company “Avionams”

A Financial Problem Has Arisen for the Overhaul of the Bulgarian`s Su-25s

SOFIA (BGM) - A serious financial problem has arisen in past few weeks with the repair of some of the Bulgarian Air Force equipment, learned BulgarianMilitary.com. In november 2018, a contract was signed for major overhaul of fourteen Su-25s from the Bulgarian Air Force by the 558th Aviation Repair Plant in Baranavichy (Belarus). The overhaul

Bulgarian State-Owned Arms Trader Kintex Net Profit Grew to $12.4 mln in 2018

SOFIA, Bulgaria (BulgarianMilitary.com) - Bulgarian state-owned arms trader Kintex said that its net profit grew to 21.6 million levs (US$12.4 million/11.0 million euro) in 2018 from US$9,4 mln. the year before, despite a drop in revenue, learned bulgarianMilitary.com, quoting SeeNews. The company's total revenue lost 23% to US$147 mln. last

Bulgaria’s Government Approves BGN 82.51 Million to Repair the Su-25s

SOFIA, Bulgaria, (BulgarianMilitary.com) – At its meeting held on 27the February, the Bulgarian government has approved a report by the Minister of Defence on the payment of up to BGN 82.51 million (without VAT) for the project related to the overhaul of the Bulgaria’s Su-25 fighter jets. The announcement of the Council of Ministers notifies that

Over BGN 113 Million Extra Funding Allocated for the Needs of the Bulgarian Army

SOFIA, Bulgaria (BulgarianMilitary.com) - At the request of Bulgaria’s Prime Minister Boyko Borisov, today (12th December), at its meeting the Bulgarian government voted to direct an extra BGN 113.6 million toward the needs of the Bulgarian Army, learned BulgarianMilitary.com. Today's meeting of the Council of Ministers, which was attended by

Debts of Avionams at about BGN 15 Million Are on Sale

SOFIA, Bulgaria (BulgarianMilitary.com), 23 August 2018, Editor: Bm Team, Photo credit: en.wikipedia.org/Bulgarian Air Force Mi-17 Non-serviced credit debts at the amount of about BGN 15 million of Avionams will be put on 24 August (Friday) on sale by auction with secret bidding by the assignees of the Corporate Commercial Bank AD which went…

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