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Bulgaria Railways Move to Curb Spending, Shut Lines
Business | April 30, 2009, Thursday // 13:54
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Bulgaria's Minister of Transport Mutafchiev, shown here at the Central Station in Sofia, is moving to curb state railway expenses. Photo by BGNES
Bulgaria's National Company "Railway Infrastructure" is going to cut its spending by BGN 22 M over crisis effects.
The measures are envisaged in a report of the Transport Minister Petar Mutafchiev, which has been approved by the Cabinet.
In order to curtail its expenses, the state-owned Railway Infrastructure Company is going to close down some of the unprofitable railway lines, to freeze the salaries of its employees, and to cut its administrative costs.
In addition, the Railway company is expecting a revenue of BGN 15,6 M from the sale of non-operational assets.
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