The losses of the state-owned operator continued to widen, even though its rivals from the private sector are making a profit. While market leader Grup Feroviar Roman, part of Gruia Stoica’s Grampet Group, posted more than RON1 billion revenue and profit last year, CFR Marfa has made RON1.4 billion losses in the last five years, according to ZF’s calculations based on Finance Ministry data. Its last year in the black was 2007, when it posted RON4.7 billion net profit.
(English version by Loredana Fratila-Cristescu)