The restructuring plan will be drafted until December 8.

Late October, Transport Minister Ramona Manescu said Romania will restart privatization procedures of CFR Marfa after talks to set a new privatization calendar with the International Monetary Fund and the European Commission.

The sale of 51% in CFR Marfa failed as sale procedures were not completed by the October 14 deadline.

Joint teams from the IMF and the European Commission arrived in Bucharest on October 22 for the first review of Romania’s progress under a EUR4 billion loan program approved earlier this year.

Subiecte #CFR MARFA#SALE