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.
Bulgaria has submitted a request for an extraordinary convergence report based on the understanding that the country meets the criteria for entering the Eurozone, Prime Minister Rosen Zhelyazkov said at the opening of a new production facility in..
Artificial intelligence is now built entirely from classical computers with algorithms, while artificial intelligence based on quantum computers will be much faster and more functional , says doctoral student Ivo Mihov from the Center for Quantum..
The Bulgarian Sunday school "Priest Alexander Cikirik" in the town of Edirne close to the Bulgarian-Turkish border is now attended by 55 children. It was opened in 2017 at the Consulate General of Bulgaria. In one school year, the children there..
According to data from Eurostat, Bulgaria has met the final criterion for joining the eurozone, namely price stability, Minister of Finance Temenuzhka..
Sofia has taken over the presidency of the most prestigious local government forum in the Balkans – B40. The capital’s mayor Vasil Terziev accepted the..
The Ministers of Agriculture of Bulgaria, Hungary, Romania and Slovakia have called on the European Commission to restore pre-war import quotas for..
Cloudy
Partly Cloudy
Mostly Cloudy