Ex-Economy Minister: Bulgaria Unlikely to Enter Eurozone in Early 2025
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
Employees of Bulgaria's State Railways company, BDZ Holding, from all over the country will stage a mass protest rally on May 30.
The rally under the motto "No to the Ruin of Bulgaria's Railways," is going to be held in the capital Sofia, at 1 pm, in front of the building of the Ministry of Transport.
The railroad workers' union at the Confederation of Free and Independent Syndicates in Bulgaria, KNSB, has already started a petition in all Bulgarian regions in support of their demands.
Union leader, Petar Bunev, is quoted saying that BDZ is going to layoff a number of people, despite promises of Transport Minister Ivaylo Moskovski that the layoffs will be minimal and will not extend to freight services.
The new wave of discontent came in the aftermath of reports that the BDZ management is planning new mass layoffs of workers at both passenger and freight services.
The labor unions claim that at least 1 000 individuals will lose their jobs and threaten a new strike.
The BDZ management has confirmed the plan, but rebutted they would be large-scale layoffs.
The labor union activists insist that one year after the reforms in the railroad company and the dismissal of over 2 000 workers, the only result is shrinking operations and worsening conditions.
They say that 1 050 will be sacked now and more in the fall until the county's railways become extinct.
Moskovski and the Chairman of the BDZ Board of Directors, Vladimir Vladimirov, counter that fewer people will be dismissed and these layoffs, involving some concrete jobs, had been planned a long time ago. Vladimirov further says he is not at all worried about the strike threats and the company is set firmly on the path of reforms while Moskovski points out that any strike will be detrimental to the railroads.
Bulgaria's State Railways company has been experiencing chronic financial problems, with debts as of October 2011 amounting to some BGN 771 M.
Reforms were carried out in 2011 including cutting down on passenger trains and personnel, which provoked a massive railway workers' strike last November.
In contrast to the passenger transport section of BDZ, freight transport has been steadily registering profits.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
In a latest twist to the unfolding saga of political intrigue, the Sofia City Prosecutor's Office has announced charges against former Interior Ministry Secretary General Zhivko Kotsev, implicating him in an alleged criminal group
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
Bansko, Bulgaria's premier mountain resort, experienced a surge in winter tourism, with more than 190,000 visitors flocking to its slopes during the season
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022