Bulgaria negotiates sale of armoured vehicles to Iraq for EUR 76.7mn.

By bne IntelliNews June 1, 2012
Bulgaria has negotiated the sale of 500 armoured vehicles to Iraq for a total value of BGN 150mn (EUR 76.7mn), BTA Daily News reported, citing PM Boyko Borisov. The MT-LB multi-purpose tracked vehicles are by TEREM Turgovishte, part of state-owned TEREM EAD, active in the repair of armament and equipment. Additionally, state-owned Kitex, exporter of military equipment, is about to finalise a EUR 35mn deal for special-purpose equipment export to Algeria, as well as close to sealing a deal for sale of equipment valued at EUR 28.1mn (BGN 55mn). The
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