Bulgaria to Delay Purchase of Military Aircraft on Budget Cuts

Bulgaria will delay the purchase of eight fighter jets to replace Soviet-era aircraft because of budget cuts next year. A procurement plan and tender for the acquisition of military aircraft will be postponed after the Cabinet decided to narrow the 2012 budget deficit to 1.35 percent of gross domestic product, from 2 percent this year, Defense Minister Anyu Angelov told reporters in Sofia today.

See the full article at Business Week