Privatization Procedure for Freight Unit of Bulgarian State Railways Relaunched

Business | December 23, 2014, Tuesday // 11:19| Views: | Comments: 0
Bulgaria: Privatization Procedure for Freight Unit of Bulgarian State Railways Relaunched Photo by BGNES

Transport Minister Ivaylo Moskovski has submitted a proposal for the privatization of the freight unit of the Bulgarian State Railways (BDZ) company to the Privatization and Post-Privatization Control Agency.

The procedure was stopped by the socialist-led government of Plamen Oresharski.

Then-Transport Minister Danail Papazov announced that the privatization of BDZ Freight Services would be stopped, without going into details about the reasons behind the decision, according to reports of Pressa daily.

A number of other privatization procedures were stopped in 2014, including the ones for the state-owned Domestic Diplomatic Properties Agency (ADIS), the Bulgarian Stock Exchange, and the Central Depository.

As a result of these decisions, there were next to no revenues from privatization, against a target of BGN 308 M.

Business » Be a reporter: Write and send your article
Tags: Bulgarian State Railways, BDZ Freight Services, privatizaiton, Privatization and post-Privatization Control Agency, Ivaylo Moskovski, Transport Minister
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
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