Vologda Mechanical Plant

Vazovsky Machine Building Plants (VMZ) in Sopot have achieved a remarkable milestone, recording a staggering BGN 828 million in net sales revenue for the year 2023, doubling compared to the previous year. This extraordinary achievement is evidenced by the company's own data, signaling a significant upswing in its operations.

The Bulgarian "Vazovsky Machine Building Plants" (VMZ) in Sopot, a state-owned arms plant, has reported an astonishing twofold increase in net sales revenue and profits, surging past BGN 678 million in the first nine months of 2023, as detailed by "Capital." VMZ's production of Soviet-style ammunition, projectiles, and missiles, in high demand due to their use in the Ukraine conflict, has been

For the first half of 2023, the net sales revenue of the state-owned "Vazovski Mashinostroitelni Zavodi" (VMZ) in Sopot increased by nearly 80% and reached 392 million leva, writes "Capital" and adds that this was driven from the increased demand for special production due to the war in Ukraine.

Over the last year, Bulgaria has earned 1.6 billion leva from the export of military products, Minister of Economy Bogdan Bogdanov announced to bTV.

State-owned Bulgarian arms producer VMZ Sopot has signed a technology transfer contract with Israel's Aeronautics, allowing VMZ Sopot to start producing unmanned aerial vehicles (UAV), the economy ministry said on Thursday, reports Reuters.