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Revenue of BDZ depends on Kremikovtzi
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Monday, 03 Nov 2008
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According to Mr Petar Mutafchiev Bulgaria's Transport Minister, state owned freight carrier BDZ will lose 20% of its annual revenue if the ongoing crisis in the country's largest steel maker Kremikovtzi leads to its shutting down. BDZ transported over 4 million tonnes of raw materials to the steel factory every year.

Mr Mutafchiev said that if more of the blast furnaces were shut down, this would lead to serious consequences for the BDZ. That is why he has asked the company management to prepare a careful analysis of the situation.

Lat week Kremikovtzi completed the process of shutting down one of its blast furnaces because of the coal shortage after its partner Vorskla Steel Bulgaria decided to terminate all supplies to the plant.

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