Election Recount in Bulgaria Sparks Protests: Government and CEC Resignations Demanded
Protests have erupted in Sofia as demonstrators demand the resignation of the government, members of the Central Election Commission (CEC)
The Plovdiv District Court has postponed the bankruptcy trial for Bulgaria's ailing state-owned military plant VMZ Sopot.
In a Monday closed-door session, the Plovdiv-based court scheduled the next hearing for February 18 to allow the defendant and the court authorities to gather evidence, according to the reports of the Bulgarian Telegraph Agency (BTA).
The bankruptcy proceedings were commenced by Mechanical Plant-Devin AD and on Monday the court allowed First Investment Bank AD to step in as a second creditor.
The Sopot-based arms manufacturer owes over BGN 2.5 for ammunition parts to Mechanical Plant-Devin AD.
On January 14, the privatization of VMZ Sopot was terminated after the sole bidder, Sofia-based EMKO EOOD, failed to submit a mandatory deposit for participating in the procedure.
Talks are currently underway over the extent of staff cuts at the military plant.
Under the rehabilitation program for VMZ Sopot, some 900 workers are to be dismissed, while the trade union representatives at the plant insist on a limit of 500 layoffs.
Earlier on Monday, around 150 – 200 students of the Vcational High School Gen. Vladimir Zaimov and other local schools gathered in front of the gates of the plant, some of them trying to climb over the gates and break in through the closed doors of arms manufacturer.
The children insisted that the workers be paid their long overdue salaries and called on the institutions to not leave their parents on the streets.
The rally was supported by pensioners, former colleagues of the VMZ workers, and other residents of Sopot.
The state-owned military plant has a total headcount of 3100 and debts exceeding BGN 150 M.
Workers at VMZ Sopot have been staging protests and strikes over unpaid salaries and job insecurity since December.
Bulgaria Air offers an exciting way to explore Italy’s iconic cities, Rome and Milan, with direct flights now available, making it easier than ever to visit the cultural heart of Europe
For the first time in history, the price of gold has surpassed the $3,000 per troy ounce mark, driven by ongoing tensions in global trade and speculation that the U.S. Federal Reserve
The Bulgarian National Bank (BNB) has launched an auction to sell scrap Bulgarian coins after the country adopts the euro
Ukrainian President Volodymyr Zelensky has approved a law allowing the purchase of two Russian-made nuclear reactors from Bulgaria
The analysis is by Dr. Boyko Takov, Executive Director of the Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA)
A large-scale inspection campaign at fuel stations across Bulgaria began this morning
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability