65.3% of Bulgarian Workers Earn Below Subsistence Level
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Bulgarian Railways turned a Profit
Business | July 26, 2022, Tuesday // 16:31
- Tweet
Send to Kindle
Bulgarian Railways @bdz.bg
For the second consecutive quarter, the national railway carrier reports an increase in its revenues. For the first 6 months of the year, the accounting profit of the entire BDZ (Bulgarian Railways) Holding Ltd group is BGN 13,256,000 (EUR 6,769,977). For the first time in 10 years, the group, which includes "BDZ-Passenger Transport" EOOD, "BDZ-Tovarni Vervozi" Ltd and "BDZ Holding" Ltd, is making a profit, the Ministry of Transport informs.
This also applies independently to "BDZ-Tovarni prevozi" Ltd, which at the end of June realized an accounting profit of BGN 6,904,000 million. After taking into account the effect of the reduced infrastructure fees for the company, the operating profit from its inherent activity is BGN 2,201,000. "BDZ-Tovarni prevozi" Ltd has been at a loss for the entire 10-year period from 2012 to now.
The higher revenues were due to more completed freight requests, as well as the company's new tariffs, which were updated to reflect market conditions at the beginning of the year. "BDZ-Passenger Transportation" Ltd reports a 34% increase in revenue from sold cards and tickets, compared to the same period last year. In parallel, since January, passenger and freight transport companies have taken cost optimization measures.
Follow Novinite.com on Twitter and Facebook
Write to us at editors@novinite.com
Информирайте се на Български - Novinite.bg
/BNT
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
Bulgarian State Railways Claim They were Responsible for Less than 2% of Train Delays
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
Society | April 16, 2024, Tuesday // 10:34
Deputies Approve Easter Supplements of 100 BGN for Pensioners Below Poverty Line
Today, deputies voted to provide Easter supplements of BGN 100 to pensioners whose pensions fall below the poverty threshold of BGN 526
Politics | April 12, 2024, Friday // 11:39
Bulgarian Parliament Votes to Allow Foreign Companies in Railway Operation
National Assembly adopted at first reading two bills for amendments to the Railway Transport Acts
Politics | April 10, 2024, Wednesday // 16:07
National Assembly Ratifies Bulgaria's 60,000 Euro Aid for Ukraine, Joins OECD Program
In the second reading, the parliament endorsed a bill to ratify the agreement for Bulgaria's involvement in the OECD Program for Ukraine, accompanied by a voluntary financial donation of 60,000 euros (117,350 BGN)
Politics | April 10, 2024, Wednesday // 15:46
Up To BGN 5,000 Fine For Incorrect Conversion And Rounding Of Prices From BGN To EUR
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
Russian Nationals Accused of Falsifying Documents for Bulgarian Citizenship
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
Business | April 23, 2024, Tuesday // 16:35
Bulgaria's Tourism Sector Pushes for Extension of Work Visas from Third Countries
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
65.3% of Bulgarian Workers Earn Below Subsistence Level
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Expansion Underway: Sofia Airport Terminal 2 to Add 1000 New Parking Spaces
Deputy Minister of Transport and Communications, Anna Natova, announced the commencement of construction for an outdoor parking lot at Terminal 2 of Sofia Airport
Bulgaria's Nuclear Regulatory Agency Approves Westinghouse Nuclear Fuel for Kozloduy NPP
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
Bulgaria's Eurozone Entry Likely Delayed to 2026 Amid Disinformation and Economic Challenges
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
