CFR Marfa due to go private
October 2012 - From the Print Edition
Plans to sell CFR Marfa in a public auction, privatising Romania's most important rail freight operator have been put on hold, lacking the approval of the Supreme Council of National Defense (CSAT). The privatisation process, due to be completed by the end of the year, will be delayed, according to Mediafax. "The privatisation process is not blocked, only interrupted or postponed," said Deputy General Secretary of the Transport Ministry, Horatiu Buzatu. Romania has already started negotiations with private investors over Tarom, the national airline, and CFR Marfa, said Transport Minister Ovidiu Silaghi. Selling the rail freight operator is one of the conditions undertaken by the Government in its agreements with the IMF.
By Diana Mesesan
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