CFR MARFA
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CFR Marfa To Transport 2.4M Tons Of Coal For CET Govora
Romanian freight railway carrier CFR Marfa said Friday it won the auction organized by thermal energy producer and supplier CET Govora for the transport of 2.4 million tons of coal, in a 1-y...
CFR Marfa Names New General Manager
Romanian freight railway carrier CFR Marfa named a new general manager, Dan Valentin Belcea, who is former manager of advertising company Graffiti/BBDO, Prima TV station and International Ra...
CFR Marfa Starts Layoff Process
Romanian freight railway carrier CFR Marfa started at the end of March the layoff process for a number of 2,500 employees, in accordance with the IMF agreement, Transport Ministry said in a...
Government Amends CFR Marfa Privatization Program
The new government program stipulates the revival of Romanian freight railway carrier CFR Marfa by a professional, profit-oriented management and the capitalization of its potential, and the...
CE Oltenia To Organize New Auction For Railway Transport Services
Romanian state-run energy holding CE Oltenia will most likely extend its coal transport contract with railway freight carrier CFR Marfa for two months after anticorruption prosecutors seized...
CFR Marfa Expects To Reduce Loss By 63% In 2014, Sees Revenues Up 8%
Romanian freight railway carrier CFR Marfa expects revenues of RON1.11 billion in 2014, up 8.6% from the RON1.02 billion it expects this year, and a loss of RON82 million, 2.7 times lower th...
CFR Marfa To Lay Off 2,500 Employees Next Year, Nearly 30% Of Its Staff
Romanian freight railway carrier CFR Marfa will lay off 2,500 employees next year, nearly 30% of the total, according to the company’s budget for 2014, which also stipulates RON16.8 million...
CFR Marfa 9-Month Loss Down Over 20% To RON135M
Romanian state-run freight railway operator CFR Marfa reduced loss by 20.8% in the first nine months of 2013 to 135.3 million lei (EUR30.3 million).
EXCLUSIVE: Romania To Restructure CFR Marfa “Aggressively”
Romania’s government and the International Monetary Fund have decided state-run freight railway operator CFR Marfa will be reorganized “aggressively” by cutting staff costs, scrapping old ra...