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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

The Cabinet Wants the Bulgarian Soldiers to Operate Bulgarian Machines

TARGOVISHTE (Bulgaria), April 28, 2018, Source: Mediapool.bg, Picture: MoD The Government is going to vote the granting of BGN 1.22 billion for the modernization of the Bulgarian Army, and its only condition is the military machines to be manufactured in the country. This became clear during the visit of the Prime Minister Boiko Borisov and the…

Finland Offers to Include Bulgarian Industry in Potential AMV Supply Deal

Finland's Patria said on Wednesday it is offering to Bulgaria the options of technology transfer and local production in case the Balkan country chooses to acquire armoured modular vehicles (AMVs) from the company. The company offers a scheme for industrial participation and local production that will leave more than 50% of the investment in…

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