Bulgaria’s Arms Manufacturer Arsenal Kazanlak Creates 1000 Jobs

Business | October 10, 2014, Friday // 14:53
Bulgaria: Bulgaria’s Arms Manufacturer Arsenal Kazanlak Creates 1000 Jobs Military plant Arsenal Kazanlak, photo by BGNES

The Kazanlak-based military plant Arsenal will create 1000 jobs and make a substantial investment in new equipment, according to CEO Nikolay Ibushev.

Ibushev, as cited by econ.bg, explained that the upgrade of the machines had been planned mainly for the two biggest units of Arsenal.

He informed that a total of 20 cutting-edge Japanese digitally programmable metalworking machines had already been bought.

The CEO of the arms manufacturer said that the funds for the upgrade had been provided under long-term contracts with foreign partners of the company.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: Arsenal Kazanlak, Arsenal, military plant, arms factory

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria