There are no plans for the privatization of the Vazovski Machine-Building Plants (VMZ) in Sopot, and the information circulating in this regard is speculative, said Bulgaria’s Minister of Economy and Industry Petar Dilov at a working meeting with the President of the Confederation of Independent Trade Unions in Bulgaria, Plamen Dimitrov.
The enterprise is strategically important for the defense industry and plays a significant role both for the national security and the economy, emphasized Minister Dilov. In his words, maintaining full state ownership guarantees the presence of VMZ-Sopot on strategic markets.
During the discussions, the focus was placed on the ReArm Europe Plan and its vast potential for the technological modernization of the country’s defense industry, which plays a key role in Bulgaria’s economy through the development of new industries and the creation of additional jobs.
Cooperation between Bulgaria and China in the field of agriculture and food is very active and is constantly expanding. This was stated at a meeting in Sofia between Deputy Minister of Agriculture and Food Lozana Vasileva and Wan Lejun, Chief Animal..
Bulgaria is making good progress toward joining the Eurozone, as inflation is decreasing towards the threshold set by the criteria, European Bank for Reconstruction and Development President Odile Renaud-Basso said in an interview with BTA. The..
Bulgaria's Ministry of Transport has been working for years to develop Corridor No. 8, connecting the Adriatic with the Black Sea through Albania, North Macedonia and Bulgaria. Of the 1,220 km of railway line along the corridor, 747 km are on the..
Fitch Ratings has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' with a Positive Outlook, reported BTA...
One of the largest cargo ships in the world docked for the first time at the Port of Varna, delivering 58,000 tons of rapeseed, BGNES reported...
Overcast, rain
Mostly Cloudy
Partly Cloudy
Cloudy