Bulgarian Defense Firm Rejects Claims of Re-Exporting Arms to Ukraine
EMKO has issued a firm denial of recent claims suggesting the company has been involved in supplying ammunition and related components from Serbia to Ukraine
Sole Bidder for Bulgaria's Ailing Military Plant to File Binding Offer
- Tweet
Send to Kindle
The sole bidder in the privatization of military plant VMZ Sopot is to submit a binding offer with the Privatization and Post-Privatization Control Agency on Friday. Photo by BGNES
The sole bidder in the privatization of military plant VMZ Sopot is to submit a binding offer with the Privatization and Post-Privatization Control Agency on Friday.
EMKO EOOD's bid will be presented on January 15 at the Ministry of Economy, Energy and Tourism, according to reports of the Bulgarian National Television (BNT).
Within 3 days from January 15, Economy and Energy Minister Delyan Dobrev will submit the bid for discussion at the Council of Ministers and the decision on the sale of the plant is to be made by January 23.
The privatization memorandum for Bulgaria's largest military plant does not envisage reductions of workers' salaries or staff cuts.
At the beginning of the week, workers at VMZ Sopot said they would hold protests until Friday and would wait to see the result of the sale.
The state-owned arms maker owes salaries of nearly BGN 2 M to its workers.
Apart from their discontent over delayed salaries, employees of VMZ Sopot also demand guarantees that the plant will have orders to work on.
Related Articles:
Bulgarian President Radev Vetoes the Latest Amendments to the Corporate Income Tax Act
President Rumen Radev has vetoed the latest amendments to the Corporate Income Tax Act.
One Person Died and One is Burned in Fire at Arsenal Military Plant
One worker died and one is burned in a fire accident at factory 3 of Arsenal military plant in the town of Kazanlak on 14th of March.
BSP will Send a Signal to the Prosecutor's Office For the Privatization of CEZ
Representatives of the Bulgarian Socialist Party (BSP) will bring a signal to the Chief Prosecutor for the CEZ privatization inspection at 14.
Trump Plans to Privatize the International Space Station
The US Administration of Donald Trump plans to privatize the International Space Station (ISS) and turn it into a privately-owned enterprise on a commercial basis.
World | February 12, 2018, Monday // 13:01
Parliament will Vote on the Resignation of GERB MP Delyan Dobrev
Today the parliament will vote on the resignation of GERB MP Delyan Dobrev.
Bulgaria Faces Growing Labor Shortage Amid Demographic Crisis
The central challenge for Bulgaria’s labor market is the ongoing demographic crisis, which is expected to intensify in the coming years, creating an acute shortage of workers
Ford's Digital Revolution From Traditional Mirrors To Smart Cameras
Ford vehicles have undergone a remarkable transformation over the past decade, with digital technology replacing many traditional components that drivers once took for granted.
Bulgaria’s 2025 Wine Harvest Promises Quality, Exports to Africa and Beyond
Bulgaria is expecting a strong wine season in 2025, with industry experts optimistic about both the quality and export potential of the country’s production
Europe’s Impact on Esports – The Region’s Relationship With Esports
Esports no longer sit on the edge of the entertainment world.
Bulgarian Industry Drives 22.5% of GDP in 2024, Targets High-Tech Growth
Bulgarian industry remains a key pillar of the national economy, contributing 22.5% to the country’s GDP in 202
Wine Prices in Bulgaria Set to Soar Amid Poor Grape Harvest
Producers in Bulgaria’s Yambol region are anticipating a sharp rise in the price of wine from this year’s harvest
