08 November 2011 Europe

BANKRUPT BULGARIAN RLYS BEGIN LAYING OFF

In October 2011 transport minister Ivaylo Moskovski declared Bulgarski Durzhavni Zheleznitzi (BDZ Bulgaria's state railway) was "technically insolvent." Transport ministry sources said the railway was 'about to collapse' after German bank KfW demanded back 50 diesel and electric Siemens trains boug

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