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Bulgarian Investments

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

Terem Will Repair Bulgarian Military Helicopters Mi-17 and Mi-24 for BGN 38.7 Million

SOFIA, (BM) - The state-owned company “Terem” will perform a major repair of the helicopters Mi-17 and Mi-24 amounting to BGN 38.7 million, learned BulgarianMilitary.com. On June 12, The Ministry of Defence has concluded a four-year framework agreement with “Terem Holding”, which will work with a sub-contractor - the company “Terem-Letets”.

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

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