BDZ Restructured into Holding
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By decision of Minister of Transport, Information Technologies and Communications Aleksandar Tsvetkov, the Bulgarian State Railways (BDZ) is restructured into a holding company as of October 22, the press service of the Transport Ministry said on Wednesday.
The new holding will cover passenger traffic and cargo traffic. The change of the organizational and managerial structure is implemented with the purpose to align it to the European requirements.
The purpose is to establish an efficient system of reforms and changes and turn the company into a profitable one.
The restructuring is also made with a view of a World Bank requirement for extending a loan for the railway sector.
Source: BTA
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