Ministry: Army helicopter upgrade stalled but not abandoned
Hungary’s Defense Ministry is planning to upgrade the country’s military helicopter fleet in the long-term, a ministry official told Hungarian daily Magyar Hírlap on Saturday.
The cost for the helicopter procurement is in a projected range of HUF 80-200 bln, while the entire budget allocated for defense in 2014 stands at around HUF 240 bln, deputy state secretary Péter Siklósi told the paper, adding that “this means the government must top up funding from the central budget”.
He added that “Luckily there are rotary aircraft on the market which meet our needs,” and that there were no Russian companies among suppliers which had expressed an interest.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
