BDŽ Class 04 (diesel)
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BDŽ Class 04 (diesel)
The Bulgarian State Railways ( bg, Български държавни железници, translit=Balgarski darzhavni zheleznitsi, abbreviated as БДЖ, BDZ or BDŽ) are Bulgaria's state railway company and the largest railway carrier in the country, established as an entity in 1888. The company's headquarters are located in the capital Sofia. Since the 1990s the BDŽ has met serious competition from automotive transport. Up to 2002 the company also owned/managed the state railway (up to 2485 miles total 1435 mm & 760 mm (Septemvri to Dobrinishte only) track gauge railway tracks) infrastructure in the country, when according to EU regulations a new state company, the National Railway Infrastructure Company, was founded and became the owner of the infrastructure. Bulgaria is a member of the International Union of Railways (UIC). The UIC Country Code for Bulgaria is 52. History The Ruse, Bulgaria, Ruse – Pliska - Varna, Bulgaria, Varna, the first Bulgarian railway l ...
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Government-owned Corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and devel ...
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