BDZ to present new payment plan to creditors

BDZ highlighted that the EU’s favorable position towards state-aid for the stabilisation of the company should be regarded as an important step forward in the talks.
The indebted state-owned railroad carrier Bulgarian State Railways (BDZ) and the Ministry of Transport, Information Technology and Communications (MTITC) are to present a new version of the preliminary agreement. The document will serve as the basis for further negotiations which are expected to take place in October, the Ministry said in a statement following a meeting with creditor KFW and stakeholders’ representatives.
In May the creditors requested that BDZ starts the sale of collaterals in order to oblige it pay at least some of its debt.

Share on: