Nationwide Strike Grips Greece: 24 Hours of Transport Paralysis
A nationwide strike in Greece has brought the country's transport networks to a standstill, affecting railways, ferries, buses, taxis, and more
The Confederation of Independent and Free Syndicates in Bulgaria, KNSB, is calling for the sacking of the entire management of the country's largest arms factory, VMZ Sopot.
The statement was made before media by KNSB's Deputy Chairman, Valentin Nikiforov, who is also the Head of the factory's strike committee, after a meeting with Economy and Energy Minister Dragomir Stoynev.
Stoynev visited the plant Thursday.
According to the trade unions, workers at VMZ Sopot for over half a year now have listened to empty promises all while their economic situation worsens.
Nikiforov stressed that there is no recovery plan for the factory, adding the trade unions were launching immediate talks with involved parties to find ways to pay overdue salaries ASAP.
KNSB further warn of possible strike, even civil unrest, if the State proves unable to find orders for the plant.
VMZ Sopot has outstanding debt in the amount of BGN 170-180 M and assets in the amount of BGN 118 M, according to the syndicates.
KNSB have proposed to the government to find ways to make possible the void of an outstanding old debt of BGN 30 M, dating from the time of the Socialists Cabinet of Zhan Videnov in the mid-90s.
The trade unions further demand a probe of the ways scrap is leaving the plant and its use, along with a probe in the fire causing losses of work uniforms in the amount of BGN 2.5 M.
The tipoffs about the above have been filed with the Ministry of Economy and Energy and the State Agency for National Security, DANS.
Stoynev told KNSB that a concrete decision about VMZ and its state would be made by the government next Wednesday.
All assets of the State-owned VMZ Sopot have been placed under a mortgage or pledged as collateral of creditors.
The troubled arms factory also faces a bankruptcy lawsuit.
On May 15, Bulgaria's Agency for Privatization and Post-Privatization Control (PPCA) launched a new procedure for the sale of 100% of the factory's capital.
The previous attempt to sell VMZ Sopot collapsed after the sole bidder failed to submit a deposit together with the binding offer.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Online gambling and casinos are becoming quite the attraction for players and enthusiasts alike.
Online sports betting has taken the world by storm, offering enthusiasts an exciting way to engage with their favorite sports.
In response to the ongoing war between Russia and Ukraine, the European Commission has greenlit a significant aid package for Bulgarian farmers, totaling approximately 86.9 million euros
If you compare today's casino experience with two decades back, you can tell that a lot has changed.
Game distributors and casino sites want to be as accessible and user-friendly as possible.
The early decades of the 21st century have presided over huge changes in both society and technology, so much so that it is difficult to imagine what parts of the world today will survive to be distilled into the history books.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022