Search This Blog

Tuesday, October 09, 2007

Sarkozy's corvette deal with Bulgaria

Bilateral business worth hundreds of millions of euro would take centre stage during the October 4 visit by French President Nicolas Sarkozy to Bulgaria, the French embassy to Bulgaria said on September 28.

During talks with both his Bulgarian counterpart Georgi Purvanov and Prime Minister Sergei Stanishev, Sarkozy will be looking to put the "point finale" to a 750 million euro offset deal with Armaris. Finalisation of the deal has been lagging for years.

A few years ago, Bulgaria's Defence Ministry commissioned the largest shipbuilder in France - and arguably, Europe - to produce four GOWIND corvettes for the Bulgarian navy. Lack of financing has been an obstacle to finalisation of the deal.

Read more
om

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.