Bulgaria's Eurozone Aspirations: Fitch Ratings Affirms Positive Outlook
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The Atlantic Council of Bulgaria has issued an opinion stating our country should purchase the U.S. F-16 as a new type of fighter for the Bulgarian Air Force, and adding that the government should adhere to the common practice in NATO member states – to acquire the average number of 16 aircraft per squadron, not as planned in two times of 8, learned BulgarianMilitary.com.
The civic organization, which includes dozens of army specialists, former military, public figures, journalists, political scientists, etc., criticizes the delay in the implementation of the project, stating that the earmarked funds are used for other purposes. All this leads to the Bulgarian Air Force performing national and NATO tasks “with increasing risk and bleak prospects for the future.
Once again the Atlantic Council of Bulgaria voiced their position against the conclusion of an initial contract for 8-9 fighters and not for 14 or 16 aircraft, as is the practice in NATO member states, considering the fact that the purchase of the average number per squadron leads to a lower price and fast acquisition process.
The government plans to buy at least 8 fighters for BGN 1.8 billion (with VAT), and at a later stage – another 8, however, it is not clear when exactly the second purchase will be made or will it ever happen. Even the Bulgarian Defence Ministry admits that this is unlikely to happen in the near or medium-term future.
According to the non-governmental organization, it is also necessary to be adopted an accelerated schedule for the decommissioning of the MiG-29s and the Su-25s and their further market realization, with the proceeds of this sale to be used for the new fighters to enter service faster, as well as to be acquired new radars and modern anti-aircraft missile systems.
The organization supporting Euro-Atlantic orientation of Bulgaria also stated its position on what fighters should be acquired, pointing out the F-16 Block 70/72 as the best choice for our country. Its choice is motivated by the fact that the F-16 is the common-use aircraft for NATO and EU nations and there is already a complete network of airport, service and repair infrastructure, which ensures and subsequent upgrading at a lower price.
“Compared to the other proposals, the F-16 has proven its full potential in performing aerial operations,” said the Atlantic Council.
Another proposal made by the organization is to be extended the possibilities for joint security activities in Bulgarian airspace under NATO Integrated Air Defense System in the period before the purchase and the crew of the new fighter to achieve the required operational readiness.
BulgarianMilitary.com
Source: Mediapool
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria's Parliament has taken a significant step towards acquiring eight multi-role F-16 Block 70 aircraft and associated support by ratifying Amendment No. 2 to the Letter of Agreement (LOA) BU-D-SAB.
In an announcement made on Friday, Flotilla Admiral Georgi Penev, Deputy Commander of the Bulgarian Navy, revealed plans for significant upgrades and modernization within the naval forces
Specialists from the United States have conducted an inspection of the repair work at Bulgaria's air base near Graf Ignatievo
Vazovsky Machine Building Plants (VMZ) in Sopot have achieved a remarkable milestone, recording a staggering BGN 828 million in net sales revenue for the year 2023, doubling compared to the previous year
The Bulgarian National Assembly has unanimously voted in favor of a 30% salary increase for military personnel
Tensions in the Black Sea region have escalated, following Russia's invasion of Ukraine, as NATO announces plans to bolster its military presence, with a new base set to be established in Bulgaria
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022