Bulgaria’s Govt Allocates Additional BGN 40 M to State-Owned Railway Co

Business | January 21, 2015, Wednesday // 12:27|  views

Photo by BGNES

Bulgaria’s government has allocated an additional sum of BGN 40 M to the state-owned Bulgarian State Railways (BDZ) company to prevent staff cuts and cancellations of trains.

The move was necessitated by protests in different regions of the country over 38 cancelled trains which caused major inconvenience to people relying on railway transport.

The cancellation of 38 trains and the shortening of routes of 10 others, which went into effect on January 12, were explained with the BGN 40 M subsidy cut imposed on BDZ.

Meanwhile, Bulgarian Transport Minister Ivaylo Moskovski vowed to present a comprehensive reform strategy for financially troubled railway carrier over the next few months, according to reports of dnevnik.bg.

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Tags: Bulgarian State Railways, BDZ, subsidy, railway company, Ivaylo Moskovski


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