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Tag Archives: CFR Marfa

European Commission launches in-depth investigation into the state support for CFR Marfă

The European Commission has opened an in-depth investigation on Monday into Romanian state support for rail freight operator CFR Marfă, saying debt write-offs many have given the company an unfair advantage. The Commission, which oversees competition policy across the European ...

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Update: 20 people, including the former director of CFR Marfă, detained in DIICOT file, damages of over EUR 6m

20 people, including the former director of CFR Marfă, Mihuţ Constantin Crăciun, have been placed on remand on the night of Wednesday to Thursday, in the file related to the underevaluation of the National Railway Freight Company ‘CFR Marfă’ box ...

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CFR Marfa risks bankruptcy, Chiritoiu says

CFR Marfa (Freight) has not recorded any improvement of its financial situation and risks bankruptcy, Competition Council President Bogdan Chiritoiu said. He warned that the European Commission (EC) could impose drastic sanctions considering that the company does not have the ...

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Competition Council: CFR Marfă is in danger to follow the Oltchim path

Competition Council officials warn that CFR Marfa may enter insolvency. Competition Council President Bogdan Chiriţoiu (photo) said CFR Marfa is in a special situation. “A radical restructuring of CFR Marfa in the next period is needed. CFR Marfa is a ...

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Ministry of Transports allocates over RON 7 M for this year’s privatizations

The revenue and expenses budget for the privatization activity in 2015 totals RON 7.17 million, ministry of Transports announced in the substantiation note. Among the objectives of the ministry for this year are set out plans for preparing the privatization ...

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Ministry of Transport to pay EUR 1.2m for consulting and assessment in view of CFR Marfa privatisation

The Transport Ministry’s strategy on privatisation aims for this year the preparing for privatisation of two state companies, i.e. Tarom and CFR Marfa. For the railway institution the ministry will pay EUR 1.2 million for consulting and evaluation services in ...

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A 51 pc package of CFR Marfa could be sold on the stock exchange

Transport Ministry wants to change the privatization strategy for CFR Marfa, and to sell on the stock market a 51% stake, according to Secretary of State Iulian Matache. “It’s a discussion as we propose a new solution for privatization, namely ...

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