site.btaEconomy Minster: Arms Trader Kintex's New Contracts Worth Over BGN 11 Mln

Economy Minster: Arms Trader Kintex's New Contracts Worth Over BGN 11 Mln
Economy Minster: Arms Trader Kintex's New Contracts Worth Over BGN 11 Mln
Minister of Economy and Industry Nikola Stoyanov (BTA photo)

State-owned arms trader Kintex SHC has contracts amounting to EUR 41 million and USD 5.7 million for this year. The new performance contracts signed in 2023 total over BGN 11 million, said caretaker Economy and Industry Minister Nikola Stoyanov during question time in Parliament here on Friday.

In addition to the contracts already signed, since the beginning of 2023 the company has submitted documents for participation in tenders for about EUR 98 million, about which the Minister expressed hope that "good results will also come out in the form of contracts."

He assured the MPs that the company has not only not lost its traditional markets, but has taken a number of actions to expand exports of specialty products to new markets and, most importantly, to restore exports to traditional markets, many of which it has lost over the past 20-30 years.

/MY/

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By 01:47 on 18.04.2024 Today`s news

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