Private railway companies report profits whereas the state-owned incur substantial losses in 2010

CFR Marfa (Romanian Railways Company for Goods) and CFR Calatori (Romanian Railway Company for Passengers) incurred major losses in 2010, failing to provide competition for the private railway companies for goods or passengers which reported profits, according to data published by the Ministry of Finance. The Romanian Railways Company, the administrator of the railways, is due to collect debts exceeding three billion lei (roughly 714 million euros) and reported losses of 1.29 ...

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