Bulgarian patrol ship programme stalled
The Bulgarian Navy tender for the procurement of two multi-functional patrol ships has stalled after the nominated winner MTG Delfin unilaterally decided to withdraw from the contract signature negotiations.
In late-December of 2017 the Bulgarian MoD revealed that Varna-based MTG Delfin has informed in writing that it had withdrawn from negotiations.
According to the company, the reason for that is the change in the Bulgarian tax legislation undertaken in early 2017, which requires levying VAT of 20% on the contract price. The programme budget, as originally allocated in 2016, was BGN820 million ($521 million), but will effectively drop by
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 2 free stories per week
- Daily news round-up email service
- Access to all Decisive Edge email newsletters
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
More from Naval Warfare
-
![UK and US marines train to guard nuclear deterrent submarines]()
UK and US marines train to guard nuclear deterrent submarines
The Autumn round of Tartan Eagle training just concluded in Scotland.
-
![Saab and Singapore DSTA expand their understanding on undersea defence]()
Saab and Singapore DSTA expand their understanding on undersea defence
The organisations have broadened the remit of an existing MoU to help boost underwater defence innovation.
-
![Navigating change: How market trends are shaping the future of naval defence (analysis)]()
Navigating change: How market trends are shaping the future of naval defence (analysis)
As defence markets shift to meet new demands, the naval sector has found itself at the centre of a transformative wave, driven by geopolitical shifts, the need for rapid technological advancement, and a redefined approach to maritime power projection.
-
![Fincantieri signs R&D and training agreement with Pakistan Navy]()
Fincantieri signs R&D and training agreement with Pakistan Navy
A Memorandum of Understanding signed during an event in Karachi between the Italian shipbuilder and the Pakistan Navy covered naval training, research and development, and project-based collaboration.
