Text size

The production of Bulgaria's largest arms factory decreases sharply in recent months

published on 8/16/22 6:08 PM

Photo: Archive

The output of Vazovsky Machine Building Plants (VMZ) based in Sopot, the largest enterprise of the military industrial complex in Bulgaria, has decreased significantly in recent months. This was stated by the representatives of the trade unions in the enterprise before the caretaket Minister of Economy, Nikola Stoyanov.

The meeting was requested by the unions, who warned that there was a danger that VMZ would not be able to fulfill its contracts, for which advances have already been received. According to them, the problem lies in the poor management of the enterprise.

Minister Stoyanov assured that measures would be taken to ensure the stability of the enterprise. According to him, new investments should be sought for modernization in order for the enterprise to start producing products in line with the so-called NATO standard.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News machine building plant military complex military equipment NATO Sopot VMZ

More from category

Finance Minister to present Bulgaria's euro area readiness in Brussels

Bulgarian Finance Minister Temenuzhka Petkova will travel to Brussels to provide an update on Bulgaria’s progress towards euro area accession. The Finance Ministry has confirmed that Minister Petkova will participate in the Eurogroup meeting on 17..

published on 2/17/25 7:40 AM

Snow, rain and freezing temperatures

Minimum temperatures on Monday will be between minus 4 and 1°C. In Sofia it will be around minus 3°C. The mercury will hover between -3 and 0 °C in the north. Maximum temperatures in southern Bulgaria will be between 2 and 7°C. In the capital it will..

published on 2/16/25 7:05 PM

New Russian emigration in Bulgaria pays tribute to Alexei Navalny

The one-year anniversary of the death of Russian opposition leader Alexei Navalny was marked with a memorial service in Sofia's St Nedelya Cathedral. It was organised by the movement "For a Free Russia" - an association of Russian immigrants in..

published on 2/16/25 5:39 PM