Bulgaria's Schengen Ambitions Linked to Euro Adoption
Transport Minister Georgi Gvozdeikov revealed Bulgaria's prospects for full Schengen membership, linking it to the impending adoption of the euro
Transport Minister Ivaylo Moskovski has said that the privatization of the freight arm of the Bulgarian State Railways (BDZ) would be a success if the government managed to raise BGN 200 M.
In a Wednesday interview for TV7, Moskovski specified that the sum was needed urgently to pay off a part of the BGN 750 M debt of the holding.
Bulgaria's Transport Minister suggested that BDZ would cease to exist unless a portion of the company's debts was paid off.
"The trade unions claim that assets worth BGN 500 M will be sold for a song. If anybody brings me an investor who is willing to willing to shell out that much money, I will personally roll out the red carpet," Moskovski commented, adding that the privatization was not an end in itself and everything possible was being done to complete it successfully.
At the first attempt for the privatization of BDZ Freight Services, investor.bg reminds, Bulgaria's Transport Minister claimed that the government expected to raise no less than EUR 150 M from the privatization of the company.
After the first attempt of the Privatization and Post-Privatization Control Agency to sell the cargo unit of BDZ fell through, the criteria for the future investor were lowered, as well as the price of the company.
Commenting on the Passenger Services unit of BDZ, Moskovski noted Thursday that the Transport Ministry had received a request for a 5% hike in rail fares.
He specified that the proposal was being analyzed and the rail fare hike would most probably be introduced by the end of the month.
Moskovski assured that rail transport would remain cheapest despite the price hike.
Former Finance Minister Vladislav Goranov expressed confidence that Bulgaria’s transition to the euro is now irreversible
Bulgaria’s economy in 2025 continues to demonstrate a stable performance, largely driven by household consumption and wage increases
The National Revenue Agency (NRA) has intensified inspections along Bulgaria’s Black Sea coast as part of its summer oversight campaign
The Travel&Lifestyle magazine has released its annual ranking of the top 50 restaurants along the Bulgarian Black Sea coastline
Bulgaria registered the second-largest increase in housing prices among EU member states in the first quarter of 2025
The European Commission is preparing a new phase of green legislation that could significantly impact fuel prices across the EU
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe