Interim Bulgarian Transport Minister Hristo Aleksiev has dismissed the heads of two state-owned companies in the railway sector.
The national railway transport operator, Bulgarian State Railways (BDZ), will have Georgi Drumev as the new CEO, replacing Vladimir Vladimirov.
Krasimir Papukchiyski is the new head of the National Railway Infrastructure Company (NRIC), replacing Milcho Lambrev.
BDZ in particular has been in financial turmoil for years, struggling to find millions worth of debt and to improve deteriorating services.
Minister Aleksiev warned earlier this week about the “critical” situation at BDZ, adding there was a risk of the company sliding into insolvency while waiting for authorities to find the money to pay off its debt.
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