BDZ posts loss for 2014

bdzBulgarian railways company BDZ posted a loss of BGN 51 M (EUR 25.5M) last year, Executive Director Vladimir Vladimirov said. BDZ stands no chance for improvement if reforms are not implemented, Vladimirov added.  BDZ is planning measures to reduce diesel theft, by installing video surveillance cameras on locomotives and fuel terminals. The average fuel consumption rose by a litre per 100 gross ton kilometers in 2013, increasing BDZ overspending by about BGN 1M (EUR 511,000). An increase by another litre per 100 gross ton kilometers was recorded last year, resulting in BGN 1.17M (EUR 598,000) in overspending.


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