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.
The Bulgarian National Bank (BNB) has again reduced the key interest rate in the country . As of May 1, it will now be 2.24 percent. The decrease compared to April is 0.15%, when it was 2.39 percent. This is the eighth consecutive month of a decrease in..
An analysis by the Ministry of Economy and Industry shows that in 2024, Bulgaria's trade with the United States accounted for 1.7% of the country’s total trade volume, with exports to the U.S. making up 2.6% of total exports and imports from the U.S...
Around 4 billion euros in debt have been raised from international markets through two bond issues, market analysts confirmed to BNR. The amount was raised through issues of 9-year and 13-year bonds – marking the country’s first entry into the..
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