March 20 (SeeNews) - Bulgaria's interior ministry said that it has signed a 6.7 million levs ($3.9 million/3.4 million euro) deal for the purchase of cars from local supplier Euratec.
The deal was signed on March 13, the ministry said in a notice on Monday.
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Three companies submitted offers in the public procurement procedure for awarding the contract.
Euratec is an official importer of Skoda for Bulgaria since 1992.
According to commercial register data, private investors Ivan Todorov and Angel Todorov hold stakes of 56% and 4% in Euratec, respectively, while Czech-registered B&I Agency controls the remaining 40%.
Euratec's net profit rose to 5.3 million levs in 2017 from 3.9 million levs in 2016, according to its latest annual financial statement. The company booked sales revenue of 111.5 million levs in 2017, as it sold 3,232 cars.
(1 euro = 1.95583 levs)