Bulgaria’s Arms Manufacturer Arsenal Kazanlak Creates 1000 Jobs

The Kazanlak-based military plant Arsenal will create 1000 jobs and make a substantial investment in new equipment, according to CEO Nikolay Ibushev.

Ibushev, as cited by econ.bg, explained that the upgrade of the machines had been planned mainly for the two biggest units of Arsenal.

He informed that a total of 20 cutting-edge Japanese digitally programmable metalworking machines had already been bought.

The CEO of the arms manufacturer said that the funds for the upgrade had been provided under long-term contracts with foreign partners of the company.

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