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

By bne IntelliNews March 22, 2013
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 minister Relu Fenechiu was quoted as saying by Agerpres. Under the stand-by arrangement with the IMF, Romania is supposed to start the privatisation procedures in March, sign the privatisation contract by mid-May and complete the privatisation process when the buyers meet the requirements. The government endorsed the privatisation strategy on February 13. Under the strategy, the state wants to sell 51% in CFR Marfa to a strategic investor, or to a consortium that includes a strategic investor. The government has already appointed a new management at CFR Marfa, as stipulated in the IMF deal.
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 decide on new euro adoption deadline.

Romania has set up a committee that should draft within several months a new schedule for the country's adoption of the single European currency, state secretary at the finance ministry Claudiu ... more

Follow Us On

Most Read

  1. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  2. Don't mention the "D" word - Ukraine
    6 days ago
  3. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    9 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    4 days ago
  5. The models are wrong, climate change is accelerating faster than predicted
    1 day ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    27 days ago
  2. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  3. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  4. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss