US to invest over $60 mln in joint military facilities in Bulgaria


The United States will invest a total of $66.5 million in refurbishment of Bulgarian military facilities which will be jointly used by the US and the Bulgarian army, local press reported Wednesday citing US deputy chief of mission Alexander Karagiannis.

Karagiannis was speaking at an information forum on the joint use of military facilities. He said that the two sides will sign two agreements, one for temporary and one for permanent facilities. The first contract for the joint facilities was won Wednesday by a German company in cooperation with a local company. It is for $6.5 million and includes work on temporary facilities, mostly tents. The chief subcontractor is a Bulgarian company.

The tender procedure for the permanent facilities is still open and the winner will be clear in September. Karagiannis explained that this procedure concerns barracks, sanitary facilities, canteens and others. Karayanis said that US servicemen will start arriving here for various drills from the end of this summer. The first batch will be of 900 US service persons, who will hold joint exercises with some 100 Bulgarian soldiers for four to six weeks. (


Climate change hurts economy, but creates new business oppor... Analysis

Climate change hurts economy, but creates new business oppor...

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors


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.