This paper discusses the railway market and its deregulation. Railway market used to be included in natural monopoly in the past and therefore railway operators were national businesses. This paper gives us theoretical arguments for the fact, that the inclusion of railway transport in natural monopoly is not correct and that only the infrastucture is the area of the natural monopoly. Since 1992, EU has realised these arguments and started deregulation of railway market. The objective of this process is to achieve significant modal share of the rail freight transport, to raise market share of new entrants and to reach better financial transparency of railway companies. This paper also describes the transformation of several railway markets in EU. Further, this paper also discusses the situation in the Czech railway market. In conclusion, this paper presents further trend in the Czech railway market and gives several suggestions how to raise the rail freight transport. |