BR100 Increased By (0.84%)
BR30 Increased By (0.71%)
KSE100 Increased By (0.69%)
KSE30 Increased By (0.71%)
AGHA 7.78 Increased By ▲ 0.03 (0.39%)
BECO 5.19 No Change ▼ 0.00 (0%)
BML 57.60 Decreased By ▼ -1.06 (-1.81%)
BOP 34.27 Increased By ▲ 0.58 (1.72%)
CNERGY 10.93 Increased By ▲ 0.32 (3.02%)
CSIL 5.48 Increased By ▲ 0.18 (3.4%)
FCCL 54.50 Increased By ▲ 0.76 (1.41%)
FFL 16.66 Increased By ▲ 0.20 (1.22%)
FNEL 1.23 Increased By ▲ 0.01 (0.82%)
KEL 7.39 Increased By ▲ 0.11 (1.51%)
KOSM 5.79 Increased By ▲ 0.15 (2.66%)
LOTCHEM 29.83 Increased By ▲ 0.18 (0.61%)
MLCF 95.75 Decreased By ▼ -0.61 (-0.63%)
NBP 204.89 Increased By ▲ 1.36 (0.67%)
NCPL 57.70 Increased By ▲ 0.85 (1.5%)
NPL 69.50 Increased By ▲ 2.19 (3.25%)
OGDC 318.50 Increased By ▲ 0.28 (0.09%)
PACE 10.88 Increased By ▲ 0.25 (2.35%)
PAEL 42.95 Increased By ▲ 1.18 (2.82%)
PIBTL 16.90 Increased By ▲ 0.09 (0.54%)
PPL 222.01 Increased By ▲ 1.84 (0.84%)
PRL 52.29 Increased By ▲ 3.24 (6.61%)
PTC 71.32 Increased By ▲ 1.31 (1.87%)
SSGC 29.30 Increased By ▲ 0.16 (0.55%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.90 Increased By ▲ 0.08 (0.91%)
TPL 17.80 Increased By ▲ 0.63 (3.67%)
TPLP 12.90 Increased By ▲ 0.39 (3.12%)
TREET 22.83 Increased By ▲ 0.24 (1.06%)
TRG 59.95 Decreased By ▼ -0.27 (-0.45%)
By

SOFIA: Bulgaria’s parliament gave a green light on Friday for the purchase of a second batch of eight new F-16 fighter jets from the United States in a deal valued at about $1.3 billion.

The European Union and NATO member country, which had ordered eight Lockheed Martin F-16 jets in 2019, is seeking to replace its ageing Russian MiG-29 fighter jets and improve its compliance to NATO standards.

The United States has already approved the potential sale.

The deal, which sparked heated debate in the parliament where two Russia-friendly parties opposed it, voicing concerns over the hefty military spending and the fact that Black Sea country is yet to receive aircraft under the first contract.

Interim Defence Minister Dimitar Stoyanov backed the purchase, payments on which will be made in tranches over 10 years.

“We need the second batch of aircraft. The first eight F-16 would absolutely not be enough to carry out our air policing duties,” Stoyanov told the parliament.

‘New era’ as Greece-Bulgaria gas pipeline starts pumping

Bulgaria is also holding talks with Poland for the purchase of eight engines to keep its MiG fleet operational until the end of 2023.

With the first F-16 jets expected to be delivered to Bulgaria in 2025, the country is also looking to lease other military aircraft to cover the expected gap and protect the country’s airspace.

Comments

Comments are closed for this article.