In 2014, CFR Marfa reported losses of RON27.1 million (EUR6.1 million).
Romania tried to privatize the railroad operator in 2013 but the deal fell through when GFR, CFR Marfa’s competitors, owned by businessman Gruia Stoica, failed to make payment by the October 14 deadline. After the failed privatization attempt, the government promised the International Monetary Fund (IMF) it would restructure the company and sacked 2,500 people, around 30% of the staff.
CFR Marfa, controlled by the Transport Ministry, is Romania’s largest freight carrier, with a market share of 54.8%.