| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/17/1659 (16.06.17) |
| Publication Date | 16/06/2017 |
| Content Type | News |
|
On 16 June 2017 the European Commission concluded that Bulgarian support measures in favour of the publicly-owned railway incumbent BDZ are in line with EU state aid rules. The measures will allow the company to address its debt level without unduly distorting competition in the Single Market. BDZ, the state-owned railway company in Bulgaria and the only provider of passenger railway services in the country, has been in financial difficulties for several years. In 2011 Bulgaria notified to the Commission a capital increase for BDZ, to be provided over the period 2011-2016 and submitted a restructuring plan for BDZ. Bulgaria withdrew its plans to recapitalise BDZ during the investigation. |
|
| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-17-1659_en.htm |
| Subject Categories | Internal Markets, Mobility and Transport |
| Countries / Regions | Bulgaria, Europe |
