CFR
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CFR Wants To Award Consulting Contracts For Railway Section Upgrade
Romanian railway operator CFR will organize two auctions to award consulting contracts for the rehabilitation of three railway sections in western and central Romania.
CFR Calatori To Sack 1,100 Employees. Railway Unions To Challenge Plan In Court
Romanian unions in the railway sector said they will challenge in court the government’s decision to lay off over 1,100 employees at passenger railway company CFR Calatori, starting March, a...
CFR Calatori To Rent Advertising Spaces To Increase Revenues
Romanian state-owned passenger railway carrier CFR Calatori will rent all available advertising spaces to increase its revenues by 6% this year.
CFR Has Until Yearend To Pay Debts Without Added Penalties
Romanian state-owned railway operators owe energy suppliers 1.2 billion lei (EUR275.6 million), and the Government allotted RON400 million at the end of 2011 to pay overdue bills, former Tra...
IMF Urges Romania To Renegotiate Costly Contract For Rundown Rail Line
The International Monetary Fund has charged Romania's Government to renegotiate the contract for the Valcea-Valcele railway line, whose value has risen four times after it was unilaterally s...
IMF Gives CFR Deadlines To Upgrade Bucharest Main Station, Repair Old Line
Romania's state-owned railway administrator CFR has until the end of June to make a deal with Belgian constructor Eurostation for the modernization of Bucharest's main station, and will have...
CFR Awards Infrastructure Upgrade Contracts Worth RON1.43B
Romanian railway administrator CFR awarded two contracts worth a total of 1.43 billion lei (EUR334 million), without VAT, to upgrade two railway section between Atel (Sibiu) and Coslariu (Al...
Government Wants To Convert CFR’s EUR1B Debt Into Shares
The debts of Romanian state-owned railway administrator CFR SA to the state budget and the risk fund, amounting to 4.5 billion lei (over EUR1 billion) at the end of 2011, will be written off...
CFR Signed Two Contracts To Increase Safety In 19 Train Stations
Romanian railway administrator CFR and the management authority of the operational program for transport have signed two financing contracts amounting to 258.7 million lei (EUR60 million), V...