Bulgarian Military Plant VMZ Sopot Sees Top-Level Reshuffle
Business | September 16, 2015, Wednesday // 09:51
- Tweet
Send to Kindle
Photo by BGNES
Bulgarian state-owned military plant VMZ Sopot has a new CEO, Ivan Getsov, according to an announcement of Dimitar Atanasov, Chair of the Podkrepa Labor Confederation at the plant.
Apart from the new CEO, the Board of Directors of the Sopot-based plant was also reshuffled on Wednesday, with Todor Dichev and Iliyan Naskov leaving and Vladislav Totev becoming Chair of the BoD, according to reports of 24 Hours daily.
Atanasov pointed out that there were demands for the removal from office of Tsvetana Bodurova, the person in charge of managing the Iganovo-based site of the plant, which was stricken by an explosion in March.
The trade union representative underscored that the pledges that the Iganovo site would start functioning again at full capacity had not been fulfilled.
In early August Deputy Economy Minister Lyuben Petrov and the management of the representatives of trade unions at the plant agreed that an external audit would establish the situation of the plant.
At that point trade union representatives insisted that the plant was being pushed into bankruptcy.
However, the Economy Ministry assured that orders worth BGN 300 M had been secured for the plant.
US Approves New Lukoil Waiver for Bulgaria After Talks With Rubio
Bulgaria has secured a six-month extension of the Lukoil waiver, following a decision by the US Treasury Department’s Office of Foreign Assets Control (OFAC)
Bulgaria’s Central Bank Tightens Rules on Housing Credit
The Bulgarian National Bank (BNB) has decided to increase the countercyclical capital buffer to 2.25%, in a move aimed at easing pressure on the rapidly growing housing credit market and strengthening the resilience of the banking system.
“Energy Lockdown”? Expert says Europe and Bulgaria Could Face Covid-Style Restrictions
Energy expert Boyan Rashev has warned that Europe could be moving toward what he described as an “energy lockdown” scenario if fuel supply pressures continue to worsen
Fuel Prices Rise in Bulgaria: Diesel Nears 1.80 Euros, Petrol Also Up
Fuel prices in Bulgaria have continued to edge upward, with diesel and gasoline both registering increases in the days following the Easter holiday
Bulgaria’s Tourism Industry Adapts to a Digital-First Traveller
Bulgaria’s tourism sector has never been stronger and has been achieving steady growth for the past few years.
Bulgaria Sees Modest Monthly Industrial Growth, But 8% Yearly Drop Persists
Industrial output in Bulgaria posted a modest monthly increase in February 2026, but continued to decline sharply on an annual basis, according to preliminary, seasonally adjusted data from the National Statistical Institute.
