VMZ-Sopot
Bulgarian Govt Proposes to Ban Sale of Two Key Arms Firms
The Bulgarian government has proposed to ban the sale of arms manufacturer VMZ-Sopot and arms trader Kintex on account of their major importance for national security.
Draft legislation to put the two wholly-state owned companies on the list of enterprises banned for privatisation would be submitted to parliament for approval, the cabinet decided at a weekly meeting on Wednesday.
Bulgaria Backtracks on Plan to Sell Arms Firms VMZ, Kintex in 2018-2019
Bulgarian arms manufacturer VMZ-Sopot and arms trader Kintex will remain state-owned, it emerged on Wednesday after a weekly cabinet meeting.