Brussels, 09/11/2011 (Agence Europe) - The European Commission has doubts over the ability of the restructuring aid plan for Bulgarian state-owned railway company BDZ to restore the company's long-term viability and, on Wednesday 9 November, opened an in-depth investigation.
In May 2011, Bulgaria informed the Commission of a BGN 550 million (approx. €278 million) capital increase for BDZ to be provided in six tranches over the period from 2011 to 2016. This was to help restructure the...