Train Tickets in Bulgaria to Increase by 10% from 2013

Business | August 8, 2012, Wednesday // 19:53
Bulgaria: Train Tickets in Bulgaria to Increase by 10% from 2013 Train tickets in Bulgaria are to increase by up to 10% as of 2013. Photo by Sofia Photo Agency

Vladimir Vladimirov, Chair of the Managing Board of the Bulgarian State Railways (BDZ) company, has said that train tickets will increase by up to 10% in the beginning of 2013.

In a Wednesday interview for the Bulgarian National Radio (BNR), Vladimirov specified that the exact amount of the increase would become clear in October, when an expert analysis was due to come out.

He noted that the tariff increases would be different for the different train classes.

Vladimirov attributed the planned price hike to the inflation rate in the country influencing expenses of the Passenger Services department of BDZ.

He said that the fares would be updated on an annual basis, starting 2013, in order to compensate for the losses and make BDZ competitive to other carriers.

BDZ expects to receive its state subsidy by August 13.

BDZ's Passenger Services unit was in dire straits after its state subsidy of around BGN 14 M was suspended in July due to its failure to pay a loan installment.

Finance Minister Simeon Djankov subsequently unblocked the subsidy in exchange for a package of measures aimed at boosting revenues and reducing losses at the railway company.

Transport Minister Ivaylo Moskovski was adamant that there would be no staff cuts or reduction of the number of trains.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: Vladimir Vladimirov, BDZ, BDZ Passenger Services, state railways, Finance Minister Simeon Djankov, state subsidy

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria