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New competitor to drive down Bulgarian Railways revenues by 19%

TBL is the new railway freight operator to start operations on the Bulgarian railway market by end of the year. As mentioned in Bulgarian State Railway (BDZ) recovery plan, TBL is considered the most serious threat to BDZ Freight Services, since the new entrant will drive down BDZ’s  revenues of by 19%. The company has applied for operating licence over a year ago.

Currently BDZ carries mostly coal and other materials to TBL’s energy companies. TBL accounts for 41% of the freight carried by BDZ. The loss of this huge freight volume is impossible to offset in such a short period, according to the recovery plan.

Between 2005-2014, the market share of BDZ fell down from 95.6% to 62.6%.

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