With an order of the Minister of Transport and Communications Mr. Plamen Petrov for members of the Board of Management of the national company Railroads Infrastructure are appointed Mr. George Nikolov - Executive Director of Executive Agency Railroads Administration, Mrs. Nahit Zia - Deputy Minister of Finances, Mr. Dimitar Zoev - Director of Transport Politics department, Mr. Lubomil Ivanov - Deputy Minister of Transport and Communications and Mr. Iliya Pastushanski - former Director of the Infrastructure of Bulgarian State Railroads. Mr. George Nikolov is elected for a Chairman of the Board of Management of the company and Mr. Iliya Pastushanski - for General Director of the Railroads Infrastructure.
Source: BTA (02.01.2002)

The reform in Bulgarian State Railways started successfully. The collaboration between both new companies - State company Railroads Infrastructure and Bulgarian State Railways SPJSC, is beneficial, announced at a press-conference the Deputy Minister of Transport and Communication Mr. Liubomil Ivanov. According to him the critical point after the division of the state company was passed
Source: BTA (10.01.2002)

The loss of BDZ JSC, the carrier company which was split from the former Bulgarian State Railways, will be BGN 29 million in the first year of its operation, down BGN 14 million from 2001. This is envisaged in the 2002 business plan of the company, which is currently drafted. According to the plan, the losses from freight transport will be some BGN 8.8 million, from passenger transport, BGN 20.2 million. The business plan of the carrier company has an optimistic and a realistic version. According to the optimistic draft, the company will transport 20.5 million tonnes of freight in 2002, while according to the realistic draft it will transport 19.3 million tonnes. The number of passengers is expected to be some 43 million. Railway Infrastructure JSC, the second company split from the national railways, expects revenues amounting to nearly BGN 150 million. Another BGN 20 million is expected to be received from leases and sale of equipment for scrap.
Source: BTA (14.01.2002)

On December 19, 2001 was signed the second contract for loan from European Investment Bank in amount of 70 million for financing of the modernization of the railroad Plovdiv - Svilengrad - Greek/Turkish frontier. The project is between Bulgaria, European Investment Bank and Bulgarian State Railways (BDZ). The contract was concluded on July 7, 1999. The deadline of the loan is 25 years, with gratis period 6 years and interest rate about LIBOR as its exact level will be defined at every tranche. The credit will be taken at 7 tranches.
Source: Construction City (18.01.2002)

60 are the companies that at the moment do not have the right to increase their funds for salary. Among them are BDZ SP JSC, NK Zhelezoputna infrastuktura, Bulgargas, NPS Kozlodui, WMZ-Sopot, Varna Shipyard and others.
Source: Pari (25.01.2002)

On March 11 in Sofia arrived three representatives of the financing institutions of the project "Renew and electric supply of the railway road Plovdiv - Svilengrad - Greek/Turkish frontier" - European Investment Bank and the programme ISPA. By March 13, 2002 the guests will meet representatives of the Ministry of Transport and Communications and the National Company Railways Infrastructure.
Source: Construction City (14.03.2002)

The Minister of Transport and Communications requested the resignations of the General Director of Bulgarian State Railroads Mr. Vladimir Dunchev and of the General Director of National Company Railroad Infrastructure Mr. Iliya Pastushanski. The reason for the resignations are the insufficient financial results of both companies
Source: Capital (10.06.2002)

Over 700 km lines of the secondary railroad network of Bulgaria will be closed. The offer of the Ministry of Transport and Communications soon will be submitted for approval in the Council of Ministers, announced the Minister of Transport and Communications Mr. Plamen Petrov. According to him our State has a quite big railway infrastructure - totally 4300 km. But it is not necessary to be mantained the whole State, said Mr. Petrov.
Source: Standart (25.07.2002)

The biggest railway stations in Bulgaria - Sofia, Plovdiv, Varna, Bourgas, Gorna Oryahovitza and Ruse, will be turned into business-centres, announced the Director of State Company Railroad Infrastructure Mr. Iliya Pastushancski. Bulgarian and foreign investors will be invited for participation on concessions or long-term use of the area .
Source: Novinar (14.10.2002)

1700 people from the National Railroad Infrastructure Company and another 1700 from the national carrier Bulgarian State Railroads will lose their jobs by the end of the year, announced the Directors of the infrastructural company. The reducing of 10 per cent of the personnel of the company affected mostly employees who had worked in the closed or limited as of the beginning of October second-rate routes, explained the General Director of National Railroad Infrastructure Company.
Source: Duma (12.11.2002)

Bulgarian State Railways (BDZ) will lose between BGN 3 and BGN 5 million from the 1-hour stop of trains because of the protests of the company for infrastructure, announced the Executive Director of BDZ Mr. Vladimir Dunchev. He explained that the company will put forward a claim against National Company Railway infrastructure for missed benefits.
Source: Dnevnik (28.11.2002)