Romania Puts 2 New Cos Under Private Admin, Removes CFR Marfa From List
Romanian government has taken out freight railway operator CFR Marfa from a list of state-owned companies to be run by private managers, while adding two new enterprises, according to the country’s latest letter of intent to a EUR3.5 billion loan agreement with the International Monetary Fund.
Energy company Electrica was included in a list of nine companies for which private managers will be appointed by the end of 2011, the letter, obtained by MEDIAFAX, showed.
At the same time, Constanta Maritime Port Operator will join another batch of six companies that will have outside management sometime next year.
The authorities decided to remove CFR Marfa from the list and to privatize the company instead, according to the document.
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