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.
Dacia Sandero was Europe’s top-selling car in July, the fourth monthly sales win for the small hatchback in 2025. The others came in January, February, and March. By outselling its competitors, the Sandero put an end to the three-month streak in which Renault Clio dominated this ranking, noted Autonews.com. After the first seven months of this […]
A 73-year-old motorcyclist was bitten by a bear on the famous Transfăgărășan mountain road on Saturday, August 23, according to the Argeș County Police Inspectorate. The incident took place in the Valea lui Stan area, on the road section between Poenari Fortress and Vidraru Dam. According to the police, the man “stopped on the road […]
Romania’s Foreign Ministry - MAE recently released a draft project to reintroduce a series of fees for consular services. The new fees will apply for certain categories of consular services at Romania’s diplomatic missions and consular offices abroad and will be published for public consultation on the MAE website. The new measures come as the government […]
Romania’s first bicycle path built on river dikes will be completed within three months, officials announced Sunday, August 24, in Bihor County, as reported by news agency Agerpres. Stretching 192 kilometers along the Ier, Barcău, Crișul Repede, Canalul Colector, and Crișul Negru rivers, the project...
Archaeologists have uncovered a remarkable treasure at the ancient site of Histria, shedding new light on daily life in the city during the Roman era, the National Museum of History of Romania (MNIR) announced. The discovery was made in the “Great Gate – Great Tower” sector, where a hoard of more than 40 coins and […]
Romanian tennis player Sorana Cîrstea jumped 41 places in the official Women’s Tennis Association - WTA ranking after winning the Cleveland tournament, which took place between August 16 and 23. The Romanian bested Anna Li 6-2, 6-4 in the Cleveland final, winning her third career WTA singles title. “It has been a wonderful week,” Cirstea […]
