Railway Carrier BDZ Cuts Debt to 335 Mln Euro

Railway Carrier BDZ Cuts Debt to 335 Mln Euro

State-owned railway company  BDZ has cut its total debt to 655 million levs ($457 million/335 million euro) at the end of 2013, transport minister Daniel Papazov said.
In the beginning of June BDZ’s debt amounted to 704 million levs, a transport ministry statement quoted Papazov as saying at the launch of the carrier's new online ticketing system.
Papazov also said that BDZ has signed debt rescheduling agreements with local Allianz Bulgaria and Ireland-based Depfa Bank. He did not provide further details.
 
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