CFR MARFA
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State-Owned Giant CFR Marfa Files for Bankruptcy in Court
State-owned railway freight carrier giant CFR Marfa has filed for bankruptcy in court, with the solution set to be formulated on May 28, in line with portaljust.ro data.
State-Owned CFR Marfa Losses Widen In 2024
State-owned railway freight carrier giant CFR Marfa ended 2024 with RON677 million revenue, a decline of 13% on 2023 and RON328 million losses compared with the RON231 million of the previou...
Railway Freight Carrier CFR Marfa Deeper into the Red in 2020
State-owned railway freight carrier CFR Marfa posted RON335 million loss in 2020, its 13th year in the red in a row, during which it accumulated more than RON3 billion losses, publicly avail...
CFR Marfa Set to Lay Off 1,400 People in 2021
Romania's state-owned railway fright company CFR Marfa plans to cut staff numbers by 1,400 this year from over 5,300 at the end of 2019.
Romania Outgoing PM: CFR Marfa Must Resort To Asset Sales To Pay Back EUR570M State Aid
Romania's state-owned railway fright company CFR Marfa will have to resort to asset sales to be able to pay back to the Romanian state an amount of EUR570 million considered illegal state ai...
European Commission Orders Romania To Recover EUR570M Incompatible State Aid From CFR Marfa
The European Union’s competition enforcer on Monday ordered Romania to recover EUR570 million of incompatible state aid, plus interest, from rail freight operator CFR Marfa because the suppo...
CFR Marfa To Undergo Restructuring, Sell Unprofitable Assets
Romania's state-owned railway fright company CFR Marfa, which has debts of RON1.3 billion, is set to implement a restructuring program to streamline operations and sell unproductive assets u...
EC Opens In-Depth Investigation Aid for Romanian Rail Freight Operator CFR Marfa
The European Commission has opened an in-depth investigation to assess whether debt write-offs by the Romanian state in favor of rail freight operator CFR Marfa, and the failure to collect d...
CFR Marfa Switches From Profit To RON137M Loss
Romanian state-owned railway freight carrier CFR Marfa expects loss of RON137 million in its revised budget of revenue and expenditure for 2017, compared with the initially forecast profit o...