The Zveno members were not Fascists but still advocated a statist and corporative economy and were against political parties and the terror of the Internal Macedonian Revolutionary Organization (IMRO), the Macedonian liberation movement. Zveno was also closely linked to the so-called Military League, the organization behind a coup in 1923, responsible for killing Prime Minister Aleksandar Stamboliyski.
In 1934 pro-Zveno officers like Colonel Damyan Velchev and Colonel Kimon Georgiev seized power and established an authoritarian regime. Georgiev became Prime Minister. They dissolved all parties and trade unions and openly attacked the IMRO. Their government introduced a corporatist economy, similar to that of Benito Mussolini's Italy. King Boris III, an opponent of Zveno, orchestrated a coup through a monarchist Zveno member, General Pencho Zlatev, who became Prime Minister (January 1935). In April 1935, he was replaced by a civilian, Andrei Toshev, also a monarchist. After participating in the Bulgarian coup d'état of 1934, Zveno supporters declared their intention to immediately form an alliance with France and to seek the unification of Bulgaria into an Integral Yugoslavia. Zveno supported an Integral Yugoslavia that included Bulgaria as well as Albania within it.
In 1943 Zveno joined the anti-Axis resistance movement, the Fatherland Front. In September 1944, the Fatherland Front engineered a coup d'état, accompanied by an uprising, led by the Bulgarian Communist Party. Georgiev became Prime Minister and Vechev Minister of Defense, and they managed to sign a ceasefire agreement with the Soviet Union.
In 1946, Velchev resigned in protest against communist actions, while Georgiev was succeeded by communist leader Georgi Dimitrov, after which Bulgaria became a People's Republic. Georgiev remained in government until 1962, but Zveno was disbanded as an autonomous organization in 1949. Zveno continued to exist within the Fatherland Front but was by then only a puppet organization.