Romania to sell 51% of freight railway company in six months.

By bne IntelliNews January 23, 2013
The privatisation of Romania's state-owned freight railway company CFR Marfa is the transport ministry's top priority in the coming months, minister Daniel Fenechiu announced after talks with IMF experts as quoted by daily Adevarul. The state will sell 51% of CFR Marfa within six months. Until earlier this week, Fenechiu advocated strongly against the privatisation. Most European states control their own freight railway companies, he commented on the privatisation decision - which he implied was pushed forward by the IMF. Nonetheless, he admitted that the company's financial situation requires strong financial resources and therefore a private partner. The government has not decided yet on the privatisation of passenger railway company CFR Pasageri, Fenechiu added. Also in the transport sector, Romania will sell 20% of its flagship carrier Tarom within six months, he confirmed.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    7 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    8 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. UBN: The US Needs to Wake Up
    5 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    25 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss