According to the budget draft in 2013, CFR Marfa forecasts revenues of RON1.135 billion and expenditures of RON1.346 billion. The budget for 2012 stipulated RON1.222 billion revenues and expenses of RON1.317 billion.
The expenses with goods and services are expected to total RON648.6 million in 2013, while those with salaries RON268.3 billion.
CFR Marfa forecasts 9,053 employees end-2013, from 9,162 employees saw end-2012.
Also, the company eyes RON77 million for investments in 2013, RON20 million less from a year before.
Transport Minister Relu Fenechiu announced in February the new management of CFR Marfa, made up of economists, engineers and legal advisors, which will have a direct contribution in the privatization process.
The government has pledged to sell a majority stake in CFR Marfa by mid-May, with the deal to be complete once “all conditions in the sale-purchase agreement are satisfied,” according to the country’s latest letter of intent to an international loan program.
Under a EUR3.6 billion loan agreement with the International Monetary Fund, the government has pledged to sell shares in several key state-run companies, including Transgaz (TGN.RO), CFR Marfa, natural gas producer Romgaz and nuclear power company Nuclearelectrica. (EUR1=RON4.4170)