North Macedonia Accuses Bulgaria of Avoiding Talks on Key Railway Project
The Minister of Transport of North Macedonia, Aleksandar Nikoloski, expressed frustration over the lack of response from Bulgaria regarding the construction of a railway line
China Railway Rolling Stock Corporation – CRRC has proposed to invest EUR 300M under a project for strategic partnership with Bulgaria’s indebted state – owned railways operator BDZ, the Bulgarian Transport Ministry, said on Thursday.
A total of EUR 130M will be used to re-finance BDZ’s outstanding debt, while the remainder of EUR 170M is intended for the purchase of new electric and diesel multiple-unit trains, the transport ministry said in a statement.
Also they’ve proposed the delivery of new rolling stock to meet BDZ’s most urgent needs.
Important step in the development of the partnership between the two countries will be the establishment of a joint committee comprising representatives of BDZ, CRRC, the Bulgarian Transport Ministry and Chinese financial institutions to discuss all the details of the investment proposal.
The investment will be repaid by the capital transfer from the State to the BDZ, and the Chinese investors see this as sufficient guarantee to be able to loan-finance such a project.
In the 21st century, technology has become an integral part of daily life, affecting how people work, communicate, and even entertain themselves.
Google is introducing AI-powered upgrades to its Maps app.
The new Secretary General of the Organization for Economic Co-operation and Development (OECD), Australian Matthias Corman, is proposing that six countries, including Bulgaria and Brazil, join the club of rich countries at the same time
France is about to ditch the deal on two Mistrale-class warships whose delivery to Russia it suspended over the Ukraine crisis, a prominent Russian daily argues.
The tenth consecutive round of negotiations between the EU and the US regarding the Transatlantic Trade and Investment Partnership (TTIP) is set to start Monday in New York.
The two Mistral warships France was to deliver to Russia are still subject to discussion, French President Francois Hollande has said.
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