CFR MARFA
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Transport Minister: Good Management May Turn CFR Marfa Profitable
Romanian state-run freight rail company CFR Marfa may become profitable “by putting an end to thefts and through a good management,” Transport Minister Relu Fenechiu told a news conference S...
Failure Of 2012 Privatizations: From EUR1B Initially Expected To EUR37M
The Romanian state expected to raise around EUR1 billion from privatizations in 2012, but got only EUR37 million from the stock exchange sale of 15% in state-owned power grid operator Transe...
Romania Puts Off CFR Marfa Privatization After CSAT Rejected Sale Strategy
The privatization process of railway freight carrier CFR Marfa was suspended and could not be completed by yearend because the company’s sale strategy has not been approved by the Supreme De...
Investors In Poland, Czech Republic Interested In CFR Marfa Sale
Companies from Poland and the Czech Republic showed interested in taking over railway freight carrier CFR Marfa, while several Romanian transport companies are also expected to bid for the s...
Railway Transporters: CFR Marfa Sale To Bring Damages To State And Private Firms
The Association of Railway Transporters in Romania (ATFER) said in a press statement Sunday that the planned privatization of state-owned railway freight carrier CFR Marfa will bring huge da...
Romania To Approve CFR Marfa Sale Strategy Next Week
The Romanian Government will approve next week the sale strategy of railway freight carrier CFR Marfa, which stipulates the sale of the entire state-owned stake, Transport minister Ovidiu Si...
Romania To Sell Entire Stake In CFR Marfa
Romania’s Transport Ministry will auction off its entire stake in railway freight carrier CFR Marfa, as well as the stake resulted from the conversion into shares of the railway operator’s d...
Transport Ministry Pledges To Privatize CFR Marfa By December
Romania's Transport Ministry has pledged to privatize railway freight carrier CFR Marfa by December 2012, says a statement released Wednesday, after minister Ovidiu Silaghi's meeting with th...
Romania To Pay CFR Marfa Privatization Consultants EUR375,000
The consortium Deloitte – Musat & Asociatii – Systra, which will advise the Romanian government on the privatization of rail freight company CFR Marfa, will receive EUR375,000 this year plus...