CFR SA
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FOCUS: Lack Of Investments, Faulty Management Push CFR SA In Financial Hardship
Romanian railway administrator CFR SA amassed debts of 4 billion lei (about EUR900 million) to the state budget due to inadequate financing, lack of investments and malfunctioning management...
Government OKs Conversion Of CFR’s Debts Into Shares
The Romanian Government approved Tuesday an emergency ordinance whereby the debts of railway administrator CFR SA, amounting to 3.99 billion lei (about EUR917 million) at the end of last yea...
Government Postpones Canceling CFR SA's Debts To State Budget
Romania's Government has decided to delay converting the debts of railway administrator CFR SA, amounting to some 3.99 billion lei (EUR917 million) at the end of last year, into shares, foll...
CFR Leases Seven Sections From Craiova Branch To Private Operator
Romanian railway administrator CFR SA has leased seven rail sections managed by the Craiova branch to RC-CF Trans Brasov for four years and an annual rent of 1.96 million lei (EUR448,800), w...
Government Wants To Convert CFR’s EUR900M Debt Into Shares
The debts of Romanian state-owned railway operator CFR SA to the state budget and the risk fund, amounting to 3.99 billion lei (about EUR917 million) at the end of 2011, will be written off...
CFR Signed Contracts For Line, Station Upgrades Worth EUR479M
Romanian railway administrator CFR SA on Tuesday signed six contracts for the modernization of two rail sections and four stations, worth a total EUR479 million, while road authority CNADNR...
Romanian Court Of Accounts Found Cooked Books At CFR
Romania's Court of Accounts has found losses of 325.8 million lei (EUR74.8 million) at state-owned railway companies CFR SA and Electrificare CFR, while auditing the management of railway in...
Romanian Court Of Accounts: CFR Illegally Spent EUR13.4M From Foreign Loan
Romanian state-owned railway company CFR SA illegally spent EUR13.4 million from a foreign loan in 2010, an audit by the Court of Accounts has found.
Cluj-Napoca-Based Transferoviar Grup Wins Railway Line Lease Auction
Romanian state-owned railway administrator CFR SA on Thursday awarded a railway line lease contract to Cluj-Napoca-based operator Transferoviar Grup, CFR said Friday.