CFR MARFA
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CFR Marfa's 2011 Loss More Than Doubles, To RON192M
The losses of state-owned railway company CFR Marfa will increase 2.3 times this year, to 192 million lei (EUR45 million) from RON81.2 million, because the Government has not raised its capi...
CSAT Suggests National Security Approach To CFR Marfa Privatization – Sources
Romania’s defense council CSAT advised the Transport Ministry to hold talks with the Competition Council on the national security consequences of the privatization of state-owned freight rai...
Transport Ministry To Sell 20% In CFR Marfa By Year-end
The Transport Ministry will sell 20% of its stake in freight rail company CFR Marfa by year-end and the proceedings will be transferred to the state budget in 2012, according to a draft gove...
Authorities Pledge To The IMF To Lay Off 7,000 In State-Held Companies By August
At least 6,910 jobs in state-held companies subordinated to the Economy and Transport Ministries will be cut by August this year, according to an addendum to the letter of intent sent by the...
CFR Marfa Reduces Work Schedule By Two Days Per Month
Romanian railway company CFR Marfa has reduced the number of working days by two for every 30, effective May 23, and will cut 3,000 jobs through collective layoffs starting in July, says a p...
Romania Pledges To Float 20% In CFR Marfa By Yearend
Romania's Government will offer a 20% stake of state-owned railway company CFR Marfa by initial public offering, "with a view toward full privatization when market conditions permit," accord...