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Bulgaria's defence min signs helicopter repair deal with Terem Holding

Author Mario Tanev
Bulgaria's defence min signs helicopter repair deal with Terem Holding Air Force Bulgaria/ Facebook

SOFIA (Bulgaria), July 12 (SeeNews) - Bulgaria's defence ministry said that it has signed a 2.5 million levs ($1.4 million/1.3 million euro) contract with state-owned Terem Holding for the capital repair of a Mi-17 helicopter.

Terem Holding will outsource 93% of the works under the deal to six subcontractors, the ministry said in a notice on Thursday.

Terem Holding's wholly-owned unit Terem-Leterz will carry out 24% of all works, while five Russian companies will be contracted for 69% of the works.

The contract is part of a 10.9 million levs framework agreement between the defence ministry and Terem Holding, signed last month. 

(1 euro = 1.95583 levs)

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