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In late-December of 2017 the Bulgarian MoD revealed that Varna-based MTG Delfin has informed in writing that it had withdrawn from negotiations.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
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