The private management at CFR has fizzled - financiare.ro
 Home Page  | News  | Exchange Rates  | Interbank Rates  | Central Banks  | Capital Markets Authorities  | Romanian Banks  | Archive  | Romanian  
 Finance-Banks  | Economy  | Business  | Capital Markets  | Real Estate  | Cars  | Travel  | HR Careers Education  | Media  | IT & C  | Environment 

News » April, 2013 » 16 April 2013

The private management at CFR has fizzled
16.04.2013, 00:00 | Transportation | 980 views



After about three months at the helm of CFR SA, Dimitris Sophocleous has resigned from the position of private manager of the company, due to the fact that the Minister of Transports has rejected the administration proposed by the Board of Directors (CA).

According to the law, this leads to the termination of the term of the directors, which accuse the politicians of being "desperate" not to lose control of a state-owned company and of the European grants.

The state owned company states: "We estimate that this abrupt change is not based on any economic arguments, as the company's situation has improved over the last few months, but rather by the desperation of the political factor not to lose its influence on the resources of a state owned company and of the European financing".

Read more on Bursa.ro




Latest news in category Transportation

09.11.2014, ora 20:59 | 1151 vizualizări
Transport Ministry wants to end year optimistically
After the Transport Ministry has spent almost the entire year “buried” in red tape, and transport sector projects have been almost frozen, now good news are starting to appear near the end of the year. Let’s say better late than never. read more...


02.11.2013, ora 09:10 | 1076 vizualizări
Bucharest Underground fares to go up 25-33 pct
The Bucharest Underground fares could go up between 25 percent and 33 percent, according to a draft order published by the Transport Ministry. read more...


Transports Minister Ramona Manescu in Galati (eastern Romania), on Thursday, said that the privatisation process of CFR Marfa was resumed, but that, this time, the procedure would not be hurried, as there was not any time limit. read more...


Subscribe to newsletter
Name:
E-mail:
News: Yes  No 
Exchange Rates: Yes  No 


Top news last 7 days


Publicitate pe acest site
Copyright 1999-2024 Pandora Impex SRL.