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.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
