The government agreed with the International Monetary Fund to sell a minority stake in CFR Marfa this year and to fully privatize the company “when market conditions allow it.”
CFR Marfa reported 3.5% wider losses to 354.2 million lei (EUR82.8 million) in 2010, despite a 4% increase in operations.
The company operates over 42,000 freight cars and 900 train engines. (EUR1=RON4.2778)