09.23.2012

The Association of Railway Transporters in Romania (ATFER) said in a press statement Sunday that the planned privatization of state-owned railway freight carrier CFR Marfa will bring huge damages both more

09.21.2012

The Romanian Government will approve next week the sale strategy of railway freight carrier CFR Marfa, which stipulates the sale of the entire state-owned stake, Transport minister Ovidiu Silaghi said more

09.12.2012

Romania’s Transport Ministry will auction off its entire stake in railway freight carrier CFR Marfa, as well as the stake resulted from the conversion into shares of the railway operator’s debts more

09.11.2012

Romania’s Government will rethink the system subsidizing railway passenger transport and plans to take profitable services out of the public service obligations of the railway passenger company. more

09.10.2012

Romania’s state-owned railway company CFR will receive a EUR174 million loan from the European Bank for Reconstruction and Development EBRD, guaranteed by the Government, for paying a state loan more

08.23.2012

Romanian state-owned railway administrator CFR SA reported profit of RON120.7 million (EUR26.9 million) in the first half of 2012, compared with losses of RON229 million in the first six months of more

08.16.2012

Online sales of Romanian state-run railway passenger carrier CFR Calatori rose to 2.68 million lei (EUR597,000) in the first half of 2011, from RON740,000 during the same period a year before, the more

08.15.2012

State-run railway passenger carrier CFR Calatori sold 24 million tickets in the first six months of this year, down 13.7% on the similar period of last year and its turnover fell 7% to 763 million lei more

08.14.2012

Romania’s state-owned railway company CFR received three bids for the upgrade of a portion of railway part of the fourth pan-European transport corridor, an investment estimated at 530.5 million lei more

08.08.2012

Romania's Transport Ministry has pledged to privatize railway freight carrier CFR Marfa by December 2012, says a statement released Wednesday, after minister Ovidiu Silaghi's meeting with the IMF, more

07.17.2012

Power company CEZ Romania Tuesday said state-run rail company has paid off its debt of over 250 million lei (EUR54.76 million) accumulated over the past five years, but that it had to forgo all more

07.06.2012

Despite having received state subsidies of EUR1.6 billion in the past five years, state-run passenger railway carrier CFR Calatori is still unable to cover its costs from ticket sales, while passenger more

06.13.2012

Romania’s Transport Minister Ovidiu Silaghi on Wednesday appointed Stefan Roseanu to the position of general manager of state-owned passenger railway company CFR Calatori, replacing Dorin Maer. more

06.06.2012

Romania's Government will give national railway company CFR a loan to pay its debts to the private energy suppliers, a decision taken with the International Monetary Fund's consent. more

05.28.2012

Romania's Government will give national railway administrator CFR a loan to pay its arrears to the private energy suppliers and will issue an ordinance whereby CFR will pay only the principal on its more

05.25.2012

Romanian railway administrator CFR SA has leased three rail sections managed by the CREIR Bucuresti and CREIR Timisoara branches to private operators at prices starting from 12,700 lei (EUR2,843) per more

04.26.2012

Romanian railway administrator CFR on Thursday signed nine contracts, worth a total EUR183.5 million and financed from European funds, for infrastructure upgrade projects. more

04.25.2012

Romanian railway operator CFR will organize a new open outcry auction on May 2 to lease 13 sections of the public railroad network in Bucharest, Timisoara, Brasov and Iasi. more

04.18.2012

The consortium Deloitte – Musat & Asociatii – Systra, which will advise the Romanian government on the privatization of rail freight company CFR Marfa, will receive EUR375,000 this year plus a more

04.10.2012

Romanian Transport Ministry has selected a consortium comprising US consultancy firm Deloitte, Musat&Asociatii and France’s Systra to advise on the sale of state-run freight rail company CFR Marfa, more

04.05.2012

Romanian railway administrator CFR SA amassed debts of 4 billion lei (about EUR900 million) to the state budget due to inadequate financing, lack of investments and malfunctioning management. more

04.03.2012

The Romanian Government approved Tuesday an emergency ordinance whereby the debts of railway administrator CFR SA, amounting to 3.99 billion lei (about EUR917 million) at the end of last year, will be more

03.27.2012

Romania's Government has decided to delay converting the debts of railway administrator CFR SA, amounting to some 3.99 billion lei (EUR917 million) at the end of last year, into shares, following a more

03.16.2012

Five groups and consortia bid on a contract to broker the privatization of Romanian state-owned railway freight carrier CFR Marfa, which must be concluded by the end of October. more

03.16.2012

Poor management, the administration's lack of interest and the reduced investments in infrastructure have thrown railway companies CFR SA, CFR Marfa and CFR Calatori into a hole of cumulated losses of more