Ascultă Radio România Actualitaţi Live

CFR Marfa, on the way to privatization

Privatization strategy for railway freight transport is expected to be approved on Wednesday within the cabinet session. CFR Marfa has debts of 450 million Euros.

CFR Marfa, on the way to privatization
Ph: archive.

Articol de Daniel Neguţ, 26 Septembrie 2012, 19:38

Most companies with loss are in the Ministry of Transport portfolio and, among them, CFR Marfa is announced to be another milestone.

The privatization strategy of rail freight would be approved on Wednesday within the government meetings and Tuesday was publicly debated with non-governmental trade and unions.

Unlike Oltchim, those who want to buy CFR shares must meet strict criteria: first of all, relevant experience within the field and financial capability that demonstrate the ability to develop a business.

Deputy Secretary General in the Ministry of Transport, Horatiu Buzatu, said that investors interested in the privatization of CFR Marfa will have as main activity object necessarily the rail freight and it will be one of the criteria for prequalification.

He said there will be another public debates.

"We are quite open that within the next period, through these meetings, to bring the privatization process at the best conditions. It represents, therefore, at least the obligation of the ministry to make the privatization of CFR Marfa in complete transparency conditions, "said Horatiu Buzatu.

Unionists do not agree with privatization of CFR Marfa as presented by the Ministry of Transport under the privatization strategy.

And one of the arguments is related to possible layoffs, as President of the Federation of drivers stated, Iulica Mantescu.

"They will not give us any guarantees. We do not agree to sell one hundred percent for the first stage because we have no guarantee that it will solve problems and will not turn off these losses. Mister Buzatu said clearly that when signing the contract of sale to be agreed with the dismissal of 2-3 thousand employees.

"Our fear is that this company will not reach in the hands of a strategic investor and will sell three quarters to scrap and the majority of employees will be reflected in unemployment," said Iulica Mantescu.

In the privatization strategy is stated that the main objective will be to maximize the price that can be obtained from selling stock retained by the state, while the CFR Freight has debts of 450 million Euros.

Translated by Alexandra-Diana Mircea
MTTLC, Bucharest University

The electoral campaign for the first round of the presidential elections is over
News in English 23 Noiembrie 2024, 17:17

The electoral campaign for the first round of the presidential elections is over

The electoral campaign for the first round of the presidential elections is over and it is a day of reflection in the country...

The electoral campaign for the first round of the presidential elections is over
Over 60.000 Romanians voted at polling stations abroad
News in English 23 Noiembrie 2024, 17:16

Over 60.000 Romanians voted at polling stations abroad

It is the second day in which the diaspora is voting in the presidential election and by 12:00 noon more than 60.000...

Over 60.000 Romanians voted at polling stations abroad
Tulcea: €10 million for community development projects
News in English 23 Noiembrie 2024, 00:40

Tulcea: €10 million for community development projects

Tulcea municipality will receive approximately 10 million euro for projects aimed at community development, both in terms of...

Tulcea: €10 million for community development projects
Over 4.000 people on transplant waiting lists
News in English 23 Noiembrie 2024, 00:40

Over 4.000 people on transplant waiting lists

Over 4.000 people need a transplant and are on waiting lists. These lists could be shorter and more lives would be saved if...

Over 4.000 people on transplant waiting lists
US Ambassador in Bucharest: F-35 airplanes will significantly contribute to Romania's security
News in English 21 Noiembrie 2024, 16:01

US Ambassador in Bucharest: F-35 airplanes will significantly contribute to Romania's security

Romania's decision to acquire the F-35 advanced fighter aircraft is an important step in the continued modernization of...

US Ambassador in Bucharest: F-35 airplanes will significantly contribute to Romania's security
The Government wants to reorganize the National Anti-Drug Agency
News in English 21 Noiembrie 2024, 16:00

The Government wants to reorganize the National Anti-Drug Agency

Romania has enough natural gas stocks to get through the cold season, Prime Minister Marcel Ciolacu assured at the start of...

The Government wants to reorganize the National Anti-Drug Agency
Changes to maritime strategy
News in English 21 Noiembrie 2024, 00:30

Changes to maritime strategy

In Constanta, the Romanian Naval Forces are organizing the annual international conference on maritime security in the Black...

Changes to maritime strategy
Two Dutch F-16 aircraft landed at Fetesti Air Base
News in English 21 Noiembrie 2024, 00:29

Two Dutch F-16 aircraft landed at Fetesti Air Base

Two F-16 aircraft from the Netherlands, the latest to join the European Training Center, have landed at the 86th Air Base in...

Two Dutch F-16 aircraft landed at Fetesti Air Base