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Bulgaria awards several shiprepair deals to Terem-KRZ Flotski Arsenal

Author Mario Tanev
Bulgaria awards several shiprepair deals to Terem-KRZ Flotski Arsenal Author: Terem-SRY Flotski Arsenal / All rights reserved.

SOFIA (Bulgaria), January 17 (SeeNews) - Bulgaria's defence ministry said on Friday that it has signed five deals with state-owned shiprepair yard Terem-SRY Flotski Arsenal worth a total of 1.85 million levs ($1.05 million/946,000 euro).

The defence ministry awarded four contracts to Terem-SRY Flotski Arsenal under a shiprepair framework agreement signed in 2016, and signed another framework deal with the company, the ministry said in several separate notices.

Terem-SRY Flotski Arsenal, founded in 1897, is based near the city of Varna, on Bulgaria's Black Sea coast. The company is part on state-owned group Terem Holding.

(1 euro = 1.95583 levs)

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