HŽ Series 1061
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HŽ Series 1061
Croatian Railways (, HŽ) was the national railway company of Croatia. It was a member of the International Union of Railways (UIC). The UIC Country Code for Croatia is 78. The Croatian rail network carried 24.230 million passengers in 2023. History Croatian Railways was founded in 1991 from the former JŽ ("Yugoslav Railways") Zagreb Division, following Croatian War of Independence, Croatia's secession from Socialist Federal Republic of Yugoslavia, Yugoslavia. Its vehicle fleet was initially the one it inherited at the time of the breakup of Yugoslavia. It has been modernized over time, and further modernization is currently being carried out. The first railway section on the territory of today's Republic of Croatia, then part of the Austrian Empire and Austria-Hungary, was built in 1860 in Međimurje: the railway line from Nagykanizsa in Hungary via Čakovec and Kotoriba continued to Pragerski in Slovenia. Although only a small part of the railway passed through Croatian territ ...
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Government-owned Corporation
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ...
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