Article Tools

Romania: Privatization of Railroad Company Flopped

Published: October 17, 2013; 13:19 · (Vindobona)

The privatization of Romanian freight railroad company CFR Marfa failed. The sale of shares is part of the conditions with IMF, the World Bank and the European Union.

Romania: Privatization of Railroad Company Flopped / Picture: © Flickr

The selling of 51 percent of shares was a precondition with international creditors, the International Monetary Fund (IMF), the World Bank and the European Union. Now, both government and the purchaser reject the blame.

On Monday the time period of sixty days expired within which the purchaser, Romanian enterprise This article includes a total of 216 words.

or Log In