Send to Kindle
Bulgaria's Transport Minister Danail Papazov, photo by BGNES
Bulgarian Transport Minister Danail Papazov has said that the debts of the Bulgarian State Railways (BDZ) company could be settled through capital transfer, state subsidy, or a new loan.
He informed that the ongoing implementation of the debt restructuring plan for BDZ had helped reduce the debts below the level of BGN 700 M, the aim being to bring the total below BGN 670 M.
He said that the issue of a deferred payment of debts to creditor was still an undecided matter, adding that while the creditors insisted on a 5-year period, Bulgaria sought a 10-year scheme.
"We hope that BDZ will register a profit one day, and this may even happen next year" Papazov noted, adding that it was an illusion to believe that this could happen without the assistance of the state.
The Transport Minister reported an increase in cargo rail services, which had reached up to 30 000 tonnes per 24 hours, and an increase in the number of transported passengers.
Papazov pointed out that he had received thank you letters from passengers for the new sleeping cars which had been supplied during the term in office of former Transport Minister Ivaylo Moskovski.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgarian State Railways (BDZ) revealed that train delays, caused by them in 2023, amounted to less than 2%, citing unregulated railway crossings as a primary cause
Since the beginning of this week, Bulgarian State Railways (BDZ - Passenger Services) EOOD has introduced experimental electronic ticketing on trains by the transportation staff using PDA devices
A locomotive of a passenger train caught fire at Tulovo station. The incident was reported at 8:30 a.m. There were no injuries
Bulgaria's Minister of Transport, Georgi Gvozdeikov, dismissed the board of directors of "BDZ Holding" (Bulgarian Railways)
A "Bulgarian Railways" train was pelted with stones. Glass was broken. The train driver was injured, reported the press center of the BDZ
On the occasion of International Children's Day, Bulgarian Railways (BDZ) is giving free travel to all children up to the age of 14 this year
In a concerning revelation, the ad hoc committee investigating the activities of Gleb Myshin uncovered that over the past three to four years, a staggering 343 candidates from the Russian Federation seeking Bulgarian citizenship were discovered to have su
As the summer season draws near, the issue of staffing in the tourism sector in Bulgaria comes to the forefront once again, with the workforce having to depend on individuals from foreign countries for yet another year
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Deputy Minister of Transport and Communications, Anna Natova, announced the commencement of construction for an outdoor parking lot at Terminal 2 of Sofia Airport
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
