Bulgaria’s Euro Transition: Opportunity for Growth Shadowed by Debt and Spending Concerns
Bulgaria is poised for a likely credit rating upgrade in the coming weeks, driven by its impending adoption of the euro
The workers of VMZ Sopot, Bulgaria's largest military industrial plant, will stage Tuesday a one-hour warning strike over delayed salaries.
The decision for the strike was approved Monday at the general assembly of workers and trade unions.
The workers at VMZ Sopot want the bank accounts of the plant to be unblocked.
The accounts of the state-owned military industrial plant were blocked by the National Revenue Agency (NRA) one week ago because of its debts to the state of about BGN 150 M.
The frozen accounts of the military plant have left some employees without a job because the orders cannot be executed as the plant is unable to buy essential supporting materials for the production.
The workers of the troubled arms producer are still expecting their salaries for August and two advance payments.
Tuesday's protest has been scheduled for 12.20 a.m. – 13.20 a.m., but the employees of the military plant have expressed readiness to continue the strike until their demands are satisfied.
According to representatives of the trade unions at the plant, the protest may even escalate into a road block of the east-west road running through Central Bulgaria.
A tender is underway for the privatization of VMZ Sopot.
Energy Minister Zhecho Stankov shared encouraging news for Bulgaria’s energy sector, highlighting that financial institutions are prepared to provide funding eight times greater than what is required for the construction
Energy Minister Zhecho Stankov has firmly criticized the 2022 agreement between state-owned Bulgargaz and Turkish company Botas, arguing that there was no objective reason to enter into such a deal
Authorities have launched a wide-ranging investigation into the controversial gas transmission agreement between Bulgaria’s state-owned Bulgargaz and the Turkish company Botas
The European Commission is preparing a new phase of green legislation that could significantly impact fuel prices across the EU
As of July 1, a new pricing period begins for household electricity, heating, and hot water in Bulgaria
At an open session, the Energy and Water Regulatory Commission (EWRC) reviewed a proposal submitted by Bulgargaz EAD on June 10, 2025, for setting the July sale price of natural gas to end suppliers and licensed heating energy producers
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