Bulgaria Signs Contract for 35 New Trains Worth Over 1 Billion Leva
Deputy Prime Minister and Minister of Transport and Communications Grozdan Karadjov has officially signed a contract for the acquisition of 35 new electric multiple unit
The plan to lay off 2 000 employees of the State Railways BDZ and to cancel 150 trains is too much of a shock therapy, according to the Chair of the KNSB trade union, Plamen Dimitrov.
Dimitrov commented Saturday on the plans for reforms in BDZ, which also include raising ticket prices, and stated the trade unions are going to debate next week how to react to the move.
On Saturday, Dimitrov, speaking for the Bulgarian National Radio, BNR, stated the dismissal of 2 000 workers by the end of the year; cancelling so many trains, and upping ticket price by 9% is both unfeasible and too big of a bite for the trade unions to swallow.
He admitted that BDZ are in shambles – economically, socially, and financially, and pointed out canceling 150 trains must be revised and aligned with the opinion of local mayors-elect.
According to Dimitrov, budget 2012 "freezes the country with all negatives and wide-spread poverty."
"We continue to patch holes. I demand BGN 21 M for social homes for the disabled, the elderly and children, and increased wages for social workers. The budget 2012 has hidden reserves in the revenue part – BGN 300 M to 500 M, which are concealed on purpose, in order to reach and exceed planned revenues," Dimitrov insists.
Inflation in Bulgaria is projected to rise ahead of the country’s euro adoption
The liberalization of the electricity market for households — meaning that residential consumers would join the free electricity exchange where businesses have traded for years — is being postponed.
This may be the last seaside summer for Bulgarians in levs.
The Bulgarian National Bank (BNB) has announced that it will stop publishing the key interest rate following the country's adoption of the euro
Iliya Lingorski, a member of the Bulgarian National Bank's (BNB) Governing Board, highlighted the significant logistical challenges of adopting the euro in Bulgaria
The Bulgarian National Bank (BNB) has clarified the procedural changes that will take effect with the adoption of the euro as Bulgaria’s official currency.
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