CFR Calatori is among the companies monitored through the agreement with the IMF and will have private management. The Government has also committed to reduce its subsidy of train ticket prices. The company has raised its prices by 18% in mid-August, as part of a strategy to become more efficient.
As per the revised budget, CFR Calatori’s revenue will be increased by 8.9%, to RON2.69 billion, while expenses will increase 10%, to RON2.51 billion.
Rehabilitation funds will be reduced by 3.1%, to RON186.36 million, while refunds for foreign loans, interest and commissions will decrease to RON179.53 million.
Fuel expenses have been raised by RON100 million to RON295 million, while infrastructure access expenses are up RON37 million, to RON552 million.
Investment spending is 20.3% higher in the revised budget, at RON331 million.
Debts are unchanged at RON484 million, while receivables are down 59.6% to RON115.7 million. The salary fund and average wage are constant at RON454 million and RON2,627, respectively.
(EUR1=RON4.2657)