Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Economy Minister Kiril Petkov demands resignations at VMZ Sopot weapons factory

Kiril Petkov
Photo: BGNES

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.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

PM Rosen Zhelyazkov has invited King Charles III to visit Bulgaria again

Bulgaria's Prime Minister Rosen Zhelyazkov has invited King Charles III to visit Bulgaria again , the Council of Ministers announced. The two spoke at the royal reception organized on the occasion of the Berlin Process summit in London , which..

published on 10/22/25 3:34 PM
Kostadin Kostadinov

Vazrazhdane party to propose law banning politicians sanctioned under the Magnitsky Act from holding high office

Legislative amendments banning individuals sanctioned under the global Magnitsky law from holding senior government or party positions will likely be submitted to Parliament as early as Thursday by the Vazrazhdane party, MP Petar Petrov told BNR...

published on 10/22/25 2:07 PM

The EP Liberals are set to investigate the arrest of the mayor of Varna

The Renew Europe political group in the European Parliament has established a working group to examine instances in which the Bulgarian government may have acted against the rule of law. The move comes in response to what the group describes as..

published on 10/22/25 1:37 PM