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News and Articles related to Town of Sopot
Current date: 2012-02-09 01:54
Sopot:[Place Info][Properties][Hotels][Postal codes][Phone codes][Population][Coordinates][Distances][Area sizes][Photo Gallery][Video & Webcams][News][Schools]
Town of Sopot (Plovdiv District) is located in South-Central Bulgaria. It is part of Sopot Municipality.
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Business: Candidates applying to buy the military plant VMZ Sopot
Town of Sopot >> Monday, 2011-04-04 11:29
Source: Darik Radio
Candidates applying to buy VMZ Sopot, Bulgaria`s largest but troubled military plant, will be eligible to bid for it if they demonstrate they have enough funds to cover its mounting debts. The evidence of the bidders` assets can be accounting documentation and bank account statements. Another provision outlined in the strategy for the privatization of VMZ Sopot is that the future owner of the plant will not be allowed to lay off workers in the first three years after buying it, with retiring employees bei...
Politics: 100% of VMZ Sopot will be offered for privatisation
Town of Sopot >> Thursday, 2011-03-24 10:41
Source: klassa.bg
Parliament voted for 100% of the capital of VMZ Sopot, Bulgaria to be offered for privatisation. Yesterday, at the session of the National Assembly, MPs approved the government`s strategy for the sale of the Vazovski Mashinostroitelni Zavodi. Some of the deal`s objectives cover the modernisation of company production, as well as maintaining it as the major employment factor in the region. A total of 118 million shares will be offered to investors, constituting 100% of the capital under the set public tend...
Business: Bulgaria looking for a strategic investor for the largest armaments factory - VMZ Sopot
Town of Sopot >> Thursday, 2011-02-03 10:31
Source: Darik Radio
Bulgaria will be looking for a strategic investor for its largest weapons factory, VMZ Sopot , which has been scheduled for privatization. This a major win for Minister of Economy and Energy Traicho Traikov. " Financial investors will be able to participate only in a consortium with strategic investors ," said Traikov. " Our goal is not to get rid of the company, but rather to guarantee its development. This is a business in which one must already know what one is doing ," added the Bulgarian Economy M...
Business: Last news about the defence industry plant VMZ-Sopot (01 Feb 2011)
Town of Sopot >> Wednesday, 2011-02-02 10:40
Source: klassa.bg
Over the next months orders from VMZ-Sopot (a top mechanical engineering plant from the defence industry sector) will increase and the enterprise will be operating at full speed. Some 300 new employees have been hired and wages are no longer delayed. By the end of March, the workers of VMZ- Sopot will get their overdue wages for August and September. The company owes nearly BGN 1,100,000 in wages and insurance instalments. The defence industry plant is currently operating at full capacity and has ensure...
Business: Sopot-based military-industrial complex VMZ will be privatized
Town of Sopot >> Thursday, 2011-01-27 10:41
Source: Darik Radio
The troubled VMZ Sopot factory, which is Bulgaria `s largest defense industry plant and was once the pride of its military-industrial complex, will be put on the privatization table by the Borisov Cabinet. The decision to start the privatization of VMZ Sopot is No. 1 on the agenda of the government`s weekly meeting today. The Bulgarian Cabinet is expected to approve for sale all 118 million shares of the military giant. The privatization is supposed to take place with a tender, rather than on the stock...
News: The aviation giant Boeing invated to participate in privatization of Sopot mulitary works
Town of Sopot >> Monday, 2010-09-20 22:50
Source: expert.bg
Minister of Economy Traycho Traykov invited the global aviation giant Boeing to explore investment opportunities in Bulgaria and to participate in the privatization of Vazov Machine Works in Sopot. Minister continues meetings with leading companies, financial and trade institutions within his visit in the U.S.
Business: Workers fired from VMZ Sopot
Town of Sopot >> Wednesday, 2010-02-17 14:40
Source: Darik Radio
Scores of workers have been fired from one of Bulgaria`s largest military plants, VMZ Sopot , for their protest over unpaid salaries. Hundreds of VMZ Sopot workers went on strike just before the Christmas Holiday because they did not receive salaries for three months as the heavily indebted state-owned factory faces bankruptcy. They complained that they didn`t even have enough money to send their kids to school anymore and were unable to repay their loans. The plant`s Director, Ivan Stoenchev, told t...
Business: VMZ Sopot started works on new contracts
Town of Sopot >> Friday, 2010-02-12 10:00
Source: 24 chasa
Vazov Machine Works (VMZ) in Sopot has started operations on one of the two contracts for manufacture of grenades and RPG`s for the Middle East. The contractor state has already transferred part of the amount in advanced, confirmed the armory director Eng. Ivan Stoenchev. The management uses the money to pay the current salaries and advances to its employees. Old debts of 80% of two salaries and an advance payment are still pendulous. However, VMZ hopes that soon the advance payment on the contracts w...
Business: Israeli interested in military plants VMZ Sopot and Kintex
Town of Sopot >> Sunday, 2010-01-17 01:38
Source: StandartNews
Israeli companies are interested in Bulgaria`s military plants and it is possible that they participate in the forthcoming privatization of Vazov Machine Works - Sopot and Kintex. This emerged after a meeting of Bulgaria`s minister of economy, energy and tourism Traycho Traykov with Israeli companies from the military business in Jerusalem. Minister Traykov was part of the delegation accompanying PM Boyko Borissov on his state visit to Israel a couple of days ago. Traycho Traykov had meetings with the h...
Business: 70 employees of TEREM-Targovishte received lay-off notices
Town of Targovishte >> Monday, 2009-11-30 01:00
Source: Trud Daily
Seventy employees of TEREM- Targovishte received lay-off notices. Notices were given to workers with no work for 15 days. The fate of the plant is not clear, but optimization of the workforce it has no chance of survival, management said. Lay-offs in TEREM would continue in the coming weeks. 200 of a total of 530 workers would see their contracts terminated. " The government holds talks with NATO partners about whether they can buy the output of VMZ- Sopot , Prime Minister Boyko Borisov said. " For ye...[1] [2]
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