Nearly 120,000 Young Bulgarians Struggling with Debt
Nearly 120,000 young Bulgarians are currently in debt
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.
For the ninth consecutive year (excluding 2022), the electrical industry remains the largest contributor to Bulgaria's exports, as reported by the Bulgarian Association of Electrical Engineering and Electronics (BASEL)
European natural gas prices have climbed above €55 per megawatt-hour for the first time in 16 months, driven by colder temperatures across the continent that are increasing demand for heating fuel
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
In 2023, 10.6% of the population in the European Union reported being unable to keep their homes adequately warm
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
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