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Новините - Информационна агенция София
13 юни 2019 г.

BULAVTO ACQUIRES BAHOVITSA PLANT

Automotive manufacturer BULAVTO has recently acquired through sale the Bahovitsa Manufacturing Plant from previous owners, Litex Motors and Chinese company Great Wall Motors, as it's first dedicated manufacturing base in Bulgaria. The plant previously produced Great Wall models for the sale in the European market, but failed to make profit due to the strong competition from European manufacturers. BULAVTO owner Anton Nikolov stated, "The factory will be our primary manufacturing base for the new series of personal and commercial vehicles that we intend to sell across the European market. We hope that this will give us a chance to begin producing vehicles that we can begin exporting to neighbours and trade partners across the world." Currently, it has been stated that BULAVTO is in the process of designing a range of new vehicles, to begin with the production of a economic compact vehicle designed for the European Market. No current details are available at this time, but representatives have claimed that the first vehicles will be debuted later this year.

DEAL REACHED FOR NEW BATTLE TANKS

Following agreements signed with the United States, a deal has been struck to arm the Bulgarian Armoured Forces with a new main battle tanks. The deal was signed during a meeting at the embassy of the United States in Sofia, Bulgaria. The deal, the value of which is currently confidential, was drafted in March 2019, but finalised this month with an official signing ceremony at the Georgi Rakovski Officers Academy in Sofia. The deal has been hailed as "the start of the long road towards total modernisation of the Bulgarian Armed Forces, to put us on an equal technological level as our neighbours and our European allies. The vehicles, being the M1A2 with SEP additional package, will begin delivery by mid-July.