The European
Commission has approved Bulgaria’s measures in support to BDZ. Brusselsfound that the measures do not violate EU rules on state support, according to
a statement fromEC.
The measures will allow the company to reduce its debt without undue distortion
of competition in the single market. Transport Minister Ivaylo Moskovski said
this is very good news for the Bulgarian railways.
The state will forgive BGN 224 million in debt, which is in line with 2008
guidelines on state support to railway companies, as the debt emerged before
Bulgaria’s integration into the EU.
EC also emphasises that BDZ is the sole railway passenger transport
company in Bulgaria and its activity is crucial for connectivity and economy.
(www.novinite.com)
