11.28.2013

Romanian state-owned railway operator CFR SA will organize several auctions in January to award eight rail infrastructure upgrade contracts, and the value of all contracts is estimated at 332 million more

11.20.2013

Romanian freight railway carrier CFR Marfa expects revenues of RON1.11 billion in 2014, up 8.6% from the RON1.02 billion it expects this year, and a loss of RON82 million, 2.7 times lower than this more

11.20.2013

Romanian freight railway carrier CFR Marfa will lay off 2,500 employees next year, nearly 30% of the total, according to the company’s budget for 2014, which also stipulates RON16.8 million for more

11.16.2013

The Bucharest North railway station might be modernized and turned into a transit point in a project worth over 1.5 billion lei (EUR0.33 billion), which should be carried out in partnership with a more

11.14.2013

Romanian state-run freight railway operator CFR Marfa reduced loss by 20.8% in the first nine months of 2013 to 135.3 million lei (EUR30.3 million). more

11.14.2013

Romania’s government and the International Monetary Fund have decided state-run freight railway operator CFR Marfa will be reorganized “aggressively” by cutting staff costs, scrapping old more

11.14.2013

Romania’s government will decide by the end of the year whether it will lease or close 1,600 kilometers of railway lines in 2013 and 2014, aiming to save some 70 million lei (EUR15.7 million) more

11.04.2013

The privatization of Romanian freight railway carrier CFR Marfa will be completed at the middle of 2015, one year later than initially set by the Government, after the company undergoes a more

10.28.2013

The Transport Ministry will raise the share capital of passenger railway company CFR Calatori by RON400 million, to pay off debts on the use of railway infrastructure to CFR SA, which in turn will use more

10.22.2013

Romania will restart privatization procedures for 51% in freight railway carrier CFR Marfa after talks to set a new privatization calendar with the International Monetary Fund and the European more

10.17.2013

Volksbank Romania’s vice-president Florian Kubinschi has been appointed chairman of the managing board of Romanian state-owned railway operator CFR SA. more

10.14.2013

The privatization of state-owned railway freight carrier CFR Marfa has failed because the privatization committee and Grup Feroviar Roman (GFR) could not reach an agreement on Monday, October 14, when more

10.13.2013

Grup Feroviar Roman (GFR) has called on the Transport Ministry to make public the privatization contract of state-owned railway freight carrier CFR Marfa and for minister Ramona Manescu to get more

10.10.2013

Romanian Grup Feroviar Roman (GFR) has until Monday, October 14, to pay the remaining EUR170 million for 51% in state-owned railway freight carrier CFR Marfa, Transport Minister Ramona Manescu said more

10.09.2013

Romania’s government has not extended the privatization deadline of railway freight carrier CFR Marfa in Wednesday’s Cabinet meeting, which means the buyer, Grup Feroviar Roman (GFR), has until more

10.07.2013

The deadline for the completion of the sale of 51% in state-owned railway freight carrier CFR Marfa, initially due-mid October, will be pushed back to December 20, according to a draft government more

10.06.2013

The committee for the privatization of Romania’s state-owned freight railway carrier CFR Marfa is looking into extending the company's sale completion deadline and one of the proposed time limits is more

10.03.2013

Grup Feroviar Roman (GFR), which has won an auction to buy a 51% stake in Romanian state-owned railway freight carrier CFR Marfa, Thursday transferred 90.4 million lei (about EUR20 million) in an more

10.03.2013

Romania’s antitrust body will require additional information from Grup Feroviar Roman (GFR), which has won the auction to buy a 51% stake in state-owned railway freight carrier Marfa, Competition more

09.30.2013

The modernization of railway sections in northern and southern Romania, which belong to the Pan-European transport corridor IV, requires investments worth a total of EUR7 billion, Jean Nicolaos, more

09.30.2013

Romania’s state-owned railway company CFR has major delays in its railway rehabilitation program, as 8,000 km out of a network of 10,700 km require capital repairs and the company barely repairs 10 more

09.24.2013

Romanian Transport Minister Ramona Manescu Tuesday said the privatization procedure of railway freight carrier CFR Marfa is "on schedule," but it will be resumed if it is not finalized by mid-October more

09.18.2013

Sorin Mindrutescu has resigned from the position of president of the managing board of Romanian state-owned railway operator CFR SA for personal reasons. more

09.13.2013

London-based ING Corporate Finance, the financial consulting division of Dutch group ING, will help Grup Feroviar Roman (GFR) get financing to buy 51% in freight railway carrier CFR Marfa, according more

09.08.2013

Romanian state-owned railway passenger company CFR Calatori estimates to carry about 50 million passengers in 2013, similar with 2012, but nearly 70% lower from 1998 when the company was founded more