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

Another cloudy day with precipitation

In the next 24 hours, the cloudiness over the country will remain significant. In the afternoon, rainfalls are expected in many places. The lowest temperatures will be between 3° and 8°C; in Sofia - about 5°C. The highest will be..

published on 4/3/25 7:10 PM

Bulgarian Foreign Minister Georg Georgiev (L) and US Secretary of State Marco Rubio.

Bulgarian Foreign Minister Georgiev, US Secretary of State Marco Rubio discuss partnership

Foreign Minister Georg Georgiev held talks with US Secretary of State Marco Rubio. They met on the sidelines of the NATO foreign ministers' meeting in Brussels. Georgiev and Rubio discussed the strategic partnership between Bulgaria and the United..

published on 4/3/25 6:21 PM

King Abdullah II of Jordan is on official visit to Sofia

With an official ceremony in St. Alexander Nevsky Square in Sofia, President Rumen Radev has welcomed King Abdullah II of Jordan, who is on an official visit to Bulgaria at the invitation of the Bulgarian head of state , BTA..

published on 4/3/25 4:30 PM