There are no plans for the privatization of the Vazovski Machine-Building Plants (VMZ) in Sopot, and the information circulating in this regard is speculative, said Bulgaria’s Minister of Economy and Industry Petar Dilov at a working meeting with the President of the Confederation of Independent Trade Unions in Bulgaria, Plamen Dimitrov.
The enterprise is strategically important for the defense industry and plays a significant role both for the national security and the economy, emphasized Minister Dilov. In his words, maintaining full state ownership guarantees the presence of VMZ-Sopot on strategic markets.
During the discussions, the focus was placed on the ReArm Europe Plan and its vast potential for the technological modernization of the country’s defense industry, which plays a key role in Bulgaria’s economy through the development of new industries and the creation of additional jobs.
In mid-September, the traditionally great Christian feast of the Holy Cross (September 14) marks the beginning of one of the most anticipated agricultural processes – the grape harvest campaign. 2025 is no exception, but due to a number of factors, the..
Bulgaria's Ministry of Finance placed 7-year government securities on the domestic market for 300 million leva. (144 million euros) and an interest rate of 3.25%. The submitted purchase orders amounted to 446 million leva with a coverage ratio of 1.49...
In August 2025, Bulgaria’s annual inflation rate stood at 5.3%, same as in July, according to data from the National Statistical Institute. Monthly inflation in August dropped to 0.1%, compared to 1.7% in July. Inflation measured from..
In mid-September, the traditionally great Christian feast of the Holy Cross (September 14) marks the beginning of one of the most anticipated agricultural..
Clear
Partly Cloudy
Mostly Cloudy