Deputy Transport

Bulgaria's State Railways Liabilities Down by BGN 100M – Min

Bulgarian State Railways company financial liabilities have been reduced by more than BGN 100M, Transport Minister Danail Papazov said, Tuesday.

At the end of 2013, the company's debt amounted to BGN 624M, and currently it is about BGN 605M, Papazov claimed and assured that another BGN 50M will be paid off by the end of 2014, according to Bulgarian media reports.

Bulgarian Railway Co Faces Bankruptcy Unless Accounts Are Unblocked

Deputy Transport Minister Anton Ginev has cautioned that the Bulgarian State Railways (BDZ) company faces bankruptcy unless its accounts are unblocked.

In a Monday interview for mediapool, he said that the talks on the matter with the creditors of BDZ were cumbersome and difficult.