Romanian President Won’t Attend UNGA Meeting In September
Romania’s President Traian Basescu said he would not participate in the United Nation General Assembly plenary meeting to take place in New York in September “due to budget shortages.”
Basescu said the cancelled his flight to New York.
The head of state also said that overstaffed Romanian diplomatic missions should transfer staff to Romania’s embassies in Central Asia. (Adevarul)
CFR Marfa Sale Contract Might Be Signed Monday
Romanian Prime Minister Victor Ponta on Tuesday said the sale contract for freight railway carrier CFR Marfa might be signed Monday, September 2, adding the decision is in the hands of newly appointed Transport Minister Ramona Manescu.
The government decision approving the sale of 51% in CFR Marfa to Grup Feroviar Roman (GFR) was published in the country’s Official Journal mid-August. The selling price for the majority stake in CFR Marfa is RON904.98 million (EUR202 million).
GFR owner Gruia Stoica said he would pay the EUR202 million for the railway carrier “after all suspensive conditions are met.”
The sale is to be finalized within 60 days of publication, namely by mid-October. According to the sale conditions, GFR must set up a bank deposit of EUR20 million and get antitrust authority clearance. As per the government decision, if the sale is not finalized within 60 calendar days, the contract is rightfully terminated. (Evenimentul Zilei)