Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria Restructures State Railway Co into Holding
Date: 27/10/2010
Bulgaria Restructures State Railway Co into Holding

Bulgarian state railways company BDZ will be restructured into a holding company, informed the Transport Ministry.

According to a decision signed by Bulgarian Transport Minister Alexander Tsvetkov on October 22, 2010. the Bulgarian state railway company is going to "give birth" to a holding company, which is going to have two major divisions – one in charge of passengers, and another one in charge of freight transport.

In the new situation, the parent company BDZ is still going to be responsible for the strategic management. The new holding company, however, is going to take over the management of the valuable railroad assets, such as locomotives and carriages.

The restructuring aims mainly at the establishment of a new and more effective system, which should be able to transform BDZ into a profitable company.

Currently, the Bulgarian state railways company is in turmoil as a week ago five employees were fired over the derailment of three cars of an express train between the capital Sofia and the Black Sea city of Burgas.

Furthermore, at the beginning of October about 80% of passenger trains in Bulgaria were declared as operating "illegally" and with expired safety certificates, according to a ruling of the Sofia Administrative Court. Since a train fire in 2008, the Bulgarian trains have come under much criticism not only with respect to safety standards, but also for their considerable lack of comfort.

Meanwhile, as BDZ is facing restructuring, a Bulgarian delegation, led by Transport Minister Alexander Tsvetkov is on a visit to China discussing opportunities for including Bulgaria in the China's' project to launch a railway connection to Central and Western Europe through Central Asia, Turkey, and Bulgaria, the so called China-Europe high-speed rail link.

Topic: Business

Featured District
Invest Bulgaria Charts
Employed People in Bulgaria
Employed People in Bulgaria

Public Sector External Debt of Bulgaria
Public Sector External Debt of Bulgaria

See all charts
Did You Know?
Cost of transportation in Bulgaria
Cost of transportation in Bulgaria
A ticket for the city bus and for the subway in Sofia costs about 30 Euro cents. ... More

Sandanski town is situated in south-west Bulgaria, at the foot of Pirin mountain. With its unique, mild climate and concentration of mineral water springs, Sandanski is famous as a relaxation and recreation center. It is pronounced for the best natural healing center of Bronchial Asthma in Europe.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members