We know everything about bankruptcy
24/11/2024
Sunday
24 November 
1970 The United States and the USSR ratified the nuclear non-proliferation treaty.
1970 The Central Committee of CPSU restored the national autonomy of the Kalmyks, Karachais, Balkars, Chechens and Ingush.
1970 Charles Darwin published The Origin of Species - the first edition was sold out in a day.
THE RAILWAY OF MOLDOVA IS AT RISK OF BANKRUPTCY
The debt of the company "Railway of Moldova" (RM) for the last year reached 460 million lei (almost 2 billion rubles). The management of the enterprise left many workers without wages and didn’t transfer money for October 2020. Those, whose professional interests are related to the rail transportation, are seriously thinking about re-profiling or simply quitting the industry.
One of the most common versions of what happened is military activities on the territory of neighboring Ukraine, say the experts.
Fearing to find themselves in a war zone in Donbass, freight trains are forced to bypass the Ukraine, increasing the time and cost of delivery. The trains following through Ilyichevsk and Nikolaev turn out to be too costly - this is the opinion of the head of the Moldovan trade union of railway workers Ion Zaporozhan.
The situation is no less deplorable in the area of suburban communications. The existing rolling stock, as experts say, requires repair. The head of the Railway Ministry, Adrian Onchanu, explains the termination of transportation by the unprofitability and safety concerns of passengers.
Under these conditions, the Moldovan authorities are seriously thinking about the bankruptcy of the enterprise. The sale of the railroad rails and wagons at an auction will allow obtaining the funds necessary to reduce debt obligations to creditors.
The plans of the leadership of the Railway Ministry include the alienation of about 170 real estate objects (buildings and land plots) in the capital of Moldova, as well as Balti and Bulboki.
However, the experts are in doubt, stressing out that even a grand sale will not allow the state-owned enterprise to pay off all its debt obligations. Some Baltic countries have already taken a similar path, getting rid of the material heritage of the USSR and selling railway rails as scrap metal. Whether such an action will bring success and prosperity is a rhetorical question.
