The new strategy for stabilization and development of the Bulgarian railway company BDZ will be ready until the middle of February, as announced by the CEO of the company Vladimir Vladimirov.
At a round table organized by Industry Watch Bulgaria, experts, analysts, European Commission representatives and government officials discussed an action plan to improve the financial condition of BDZ.
Deputy Transport Minister Anton Ginev and economic experts stated that concession could have a positive effect on BDZ’s financial condition. Currently, Bulgarian government funds the company by BGN 200 million (EUR 102.6 million) annually and only 10% is used for investment. The ratio of subsidies to capital expenditures should be 50:50, economist Georgi Angelov explained.