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Bulgarian Arms Manufacturer with Unprecedented Revenues for the first 6 months of 2023

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. By the middle of the year, VMZ’s turnover already exceeded that achieved in the whole of 2021. However, a comparison with the performance in the past 2022 is not possible, adds “Capital”, because for another year the Ministry of Economy, under whose hat the arms manufacturer is, has not published its annual financial report, which should be submitted by April 25….