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Bulgarian State Railways’ financial situation is improving

Bulgarian State Railways (BDZ) financial situation is improving, stated Vladimir Vladimirov, BDZ Holding CEO in an interview for FOCUS News Agency. According to him, the liabilities of the company to date are 45% less compared to 2009.

The procedures for the concession of Sofia Airport and Plovdiv Airport are soon to be announced. The money from the concessions will be given to BDZ in order to cover remaining arrears of around BGN 255 million to banks. In addition,  part of the obligations of the National Company Railway Infrastructure (NRIC) will be paid.

“There will be even funds for investment in new rolling stock, which will have an impact on the reduction of losses. The company will be much more financially healthy and will be able to invest in passenger services,” Vladimir Vladimirov noted.

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