Minister of Economy Kiril Petkov demanded the resignation of 4 out of the 5 members of the board of directors of VMZ Sopot arms and ammunition manufacturer, as well as of the Executive Director of the State Consolidation Company, which the military factory is part of. This was announced by Ministrer Petkov himself after a meeting with representatives of the trade unions in the military factory.
“Since the new board of directors was appointed in April, VMZ Sopot has not been implementing its contracts, and the losses over the space of a few months are around 6 million Leva,” Kiril Petkov said. He added that he has no criticism to make of the work of CEO Ivan Getsov.
Minister Petkov went to Sopot to quell social tensions among TU members who stated that they will stage a protest in Sofia on 24 August.
The first regular direct flights between Bulgaria and the United States are expected to begin in April 2026, Transport and Communications Minister Grozdan Karadzhov said during the national discussion “Tourism and Air Connectivity: Traditional..
Bulgaria’s National Assembly approved at second reading amendments to the Investment Promotion Act. Under the changes, the assets of the Russian company Lukoil in Bulgaria can be sold only after a decision by the Council of Ministers and following a..
Bulgaria’s Prime Minister Rosen Zhelyazkov is convening a working meeting with ministers in connection with the United States’ decision to impose sanctions on Rosneft and Lukoil. The meeting is scheduled for 11:00 a.m. on Friday. Premier Zhelyazkov..
The President of the “Renew Europe” group in the European Parliament, Valérie Hayer, called on the European Commission to urgently send a mission to..
Bulgaria could run into fuel shortages if the Lukoil Neftochim refinery stops operating, former Prime Minister and GERB leader Boyko Borissov warned on..
On Thursday, minimum temperatures will range between 6 and 11°C across the country. Along the Black Sea coast, they will reach 13 to 16°C , while in Sofia..
Overcast, rain
sunshine, cloud, rain and thunder
Rain