From 18,200 jobs in 2008 it is now down to 4,800 in 2020.
The latest audit report by the Romanian Court of Accounts says that CFR Marfa can only use about one third (38%) of its 30,000-car stock, due to the poor condition it is in.
CFR Marfa started in 1998 when CFR was reorganized and broken into several pieces including CFR Marfa and CFR Calatori. It last posted profit in 2007, RON4.7 million.
On the other hand, the Court of Accounts says, privately owned rivals have been making mostly profits in the same period. For instance, Grup Feroviar Roman (GFR), which was even in talks buy a CFR Marfa stake, posted RON74 million profit in 2014-2019, while CFR Marfa made RON1.2 billion losses. Another rival, Unicom Tranzit, posted RON32 million profit, while Deutsche Bahn made RON26 million profit during the same period.
(English version by Loredana Fratila-Cristescu)