The European Commission has approved Bulgaria’s measures in support to BDZ. Brussels found that the measures do not violate EU rules on state support, according to a statement from EC.
The measures will allow the company to reduce its debt without undue distortion of competition in the single market. Transport Minister Ivaylo Moskovski said this is very good news for the Bulgarian railways.
The state will forgive BGN 224 million in debt, which is in line with 2008 guidelines on state support to railway companies, as the debt emerged before Bulgaria’s integration into the EU.
EC also emphasises that BDZ is the sole railway passenger transport company in Bulgaria and its activity is crucial for connectivity and economy.
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A scheduled conference of far-right European politicians, including Hungarian Prime Minister Viktor Orbán and former British MEP Nigel Farage, was abruptly halted by police in Brussels
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
Bulgarian State Railways (BDZ) has declared a significant adjustment in train ticket prices, citing a sharp surge in the company's expenses over recent years
This Thursday, NATO foreign ministers convene in Brussels to commemorate the 75th anniversary of the alliance's establishment, marked by the signing of the North Atlantic Treaty in Washington on April 4, 1949
Brussels' European District faced significant disruption on Tuesday morning as farmers from various agricultural organizations staged a protest against EU agricultural policy
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In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
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Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
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