A major restructuring of Bulgarian State Railways - Cargo (BDZ Cargo) is underway, including cost-cutting and a review of all freight tariffs, Transport and Communications Minister Grozdan Karadjov said on Monday at a meeting with trade unions in the industry.
"Nearly half of all freight transported by rail in Bulgaria is handled by BDZ Cargo, with the remainder managed by private carriers. However, last year's figures show that the company had a turnover of 71.58 million euro, while overdue liabilities reached 16.87 million euro," Karadjov said. According to him, any private company with such financial indicators would have declared bankruptcy.
BDZ's management reported that BDZ Cargo currently owns about 4,500 wagons, while only 2,000 are needed - even with increased freight volumes. In addition to surplus rolling stock, other redundant assets include buildings, facilities and land that are no longer in use but continue to generate financial losses for the state-owned company. As an example, the company cited 230 apartments owned by BDZ Cargo across the country.
A lot of entertainment for International Children's Day - June 1, will be offered to the young residents of Sofia and its guests by the "Children's Fair", which will be held in front of the Ivan Vazov National Theater and the City Garden from 11:00 to..
In the morning hours on Sunday, short-term fog will form in isolated places in the plains and valleys . During the day, it will be mostly sunny. Around and after noon, cumulus and cumulus-rainy cloudiness will develop, and in places in the southeastern..
Future generations must know that there were periods when human rights and dignity were worthless. This was emphasized at the annual pilgrimage in memory of the victims of the totalitarian communist regime in the Belene concentration camp by the..
Protests in defence of the Bulgarian lev and against the adoption of the euro currency are scheduled to take place on May 31 in many cities and towns..
Thousands of citizens have gathered in the center of Sofia to protest against the introduction of the euro . The demonstration is supported by political..
“The attempts to attack me over the fact that I enacted the law on adoption of the Euro are a vapid manipulation because there are absolutely no dates..
+359 2 9336 661