Carpatica Feroviar, which will be in operation as of 2025 according to plans, represents a fresh start for railway goods transport in Romania, because a company with a debt over 4 billion lei, as CFR Marfa, cannot develop, said Ionut Cristian Savoiu, secretary of state in the Ministry of Transports and Infrastructure, on Thursday. “The new company starts with a full state capital. We had talks on two variants with the Commission. One with the participation of strategic investors or stock exchange listings, which means 25% of company capital. Obviously listing requires preparation which means about two years,” said the secretary of state. Carpatica Feroviar will have the same kind of business as CFR Marfa had, but it will not be able to take over the active stock automatically, but will be purchased through legal procedures. The setup and accreditation period of the new company is 6 months after the publication of the Government Decision in the Official Monitor. “Our optimistic scenario shows that in 2025 we might have Carpatica Feroviar functional after being set up in 2024,”he pointed out. After the setting up of Carpatica Feroviar, CFR Marfa must liquidate its patrimony, which has been blocked by ANAF, and must pay the debt it owns to CFR SA for the state aid. The secretary of state added that 3,300 employees from CFR Marfa would be taken over by Carpatica Feroviar. According to the Substatiation Note accompanying the draft Government Decision, the company will have to ensure strategic transports of the Romanian state, accounting for the risk of refusal from private transport companies to carry out certain railroad transports or even their impossibility of taking them over in crisis situations. The new company will carry out activities of strategic interest – taking into account Romania's international partnerships and the need to cover transports of goods in situations of crisis and commercial interest- as it is a company with state capital, se up from its own sources, which will transport goods, thus completing demands of the railway transport market.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
