The defence industry plant in Sopot to receive more purchase orders this year

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 ensured orders for production. The workers of VMZ-Sopot have received almost a third of their due remuneration for August and September.

"Last year alone, the company disbursed BGN 18 mln to the State in taxes and insurance contributions," specified CEO Ivan Stoenchev. He added he would soon hold negotiating with new customers.

Some 3,500 people are employed at VMZ-Sopot at present and the average monthly wage at the enterprise is BGN 526. A strategy for privatisation of 100% of the company has been submitted for approval in Parliament.