Bulgaria - Samarm invests 2.6 Mio euro in armored vehicles plant.

The Bulgarian ministry of Economy announced on 22 May that the local company Samarm has invested 5 million levs ($3.0 million/2.6 million euro) in a plant for the production of armored vehicles. Samarm is a 50/50 joint venture of the Bulgarian companies Samel-90 and International Armoured Group BG.

Future armored vehicles manufactured for the Burlgarian army at SAMARM's plant will respect NATO standards (Picture source: The Apricity)

Located in the town of Samokov, the plant will manufacture various types of armored vehicles in order to meet the needs of the army and police. The vehicles produced by the plant will respect the latest NATO standards.

Last week, Bulgaria's government decided to ask the Parliament to approve the budget for the proposed acquisition of 150 armored vehicles meeting NATO standards and to build national industrial capacity to support the life cycle of the acquired equipment and weapons.