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Oct 01, 2007 10:37 EEST
October 1 (SeeNews) - Bulgaria is expected to finalise a 750 million euro ($1.07 billion) deal for the purchase of four corvettes from French company Armaris this week during a visit by French President Nicola Sarkozy, a Sofia-based daily reported on Monday.
"One of Sarkozy's goals will be to negotiate the finalisation of the deal for the purchase of four Gowind corvettes from French company Armaris," Dnevnik daily quoted French Ambassador to Bulgaria Etienne de Poncins as saying.
Sarkozy opens an official visit to Bulgaria on Thursday.
The deal is part of Bulgaria's programme to revamp its armed forces as part of its NATO membership. The country joined the military alliance in 2004.
Bulgaria has shortlisted France's Armaris in a tender for the delivery of four corvettes for the navy. The country, however, will be able to finance the project only after 2011, Defence Minister Veselin Bliznakov has said.
($ = 0.7021 euro)
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