Company general manager Dimitris Sophocleous said in a statement that one of CFR’s priorities is to reduce its arrears, which, he added, is also a commitment undertaken towards international financial institutions.
According to the statement, the company’s management team will carry on the program aimed to make CFR’s commercial activity more efficient by applying measures meant to help reduce arrears and boost revenues.
End-March, CFR said it plans to obtain extra revenue of over RON50 million this year by capitalizing on its assets and selling scrap metal.
CFR administers around 15,000 kilometers of railroad and has some 23,000 employees, plus an additional 5,000 working in its regional branches.
CFR targets investments of over RON3 billion in 2013, mainly covered from non-reimbursable European funds. In 2012, the company allotted RON1.8 billion for investments. (EUR1=RON4.4098)