Publication details
Analýza vlivu liberalizace železničního trhu na hospodaření Českých drah
| Title in English | An analysis of the impact of liberalization on profits of Czech railways |
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| Authors | |
| Year of publication | 2013 |
| Type | Article in Periodical |
| Magazine / Source | Scientia et Societas |
| MU Faculty or unit | |
| Citation | |
| web | http://www.sets.cz |
| Field | Management and administrative |
| Keywords | railway; liberalization; competition; subsidies. |
| Description | Czech railway market is undergoing the process of liberalization. The competition intensifies both in the freight and passenger sectors. Despite these advances, the incumbent Czech Railways are still keeping dominant position in both markets. However the pressure of competition is influencing its financial situation. The downward pressure on tariffs is decreasing its revenues. The higher quality standards of new entrants have forced the incumbent to increase investment into rolling stock. The resulting increase in indebtness and decrease in liquidity will be matter of concern for public budgets. |
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