The company expects staff cuts will cut salary expenses by 14.5% compared with 2020, to RON242 million. The average monthly salary within the company is estimated at RON4,861 for this year, virtually unchanged compared with 2020.
CFR Marfa’s 2021 budget sees revenues at RON1 billion, 75% higher than in 2020, and total spending is set to decrease by 11.5%, to RON971 million. The company estimates a gross profit of RON33 million and a net profit of RON986,000.
At the end of 2020, CFR Marfa had debts totaling RON3.9 billion, which it plans to reduce by 63% throughout 2021. The company last year was ordered to pay back EUR570 million in incompatible state aid and estimates it will comply by March 2022.
CFR Marfa’s investment plans for 2021 total RON100 million, 172% more than in 2020.