Romanian rail freight company CFR Marfa is not able to pay the wages of its 7,500 employees before the Easter holiday after the railway infrastructure operator CFR blocked its accounts over unpaid debts worth RON836mn (180mn), Ziarul Financiar daily reported on March 29. Trade unions representing CFR Marfa workers have appealed to President Klaus Iohannis to help the company.
A publicly funded bailout for the company would be problematic. Last December, the European Commission said it had already opened an in-depth investigation to assess whether debt write-offs by the Romanian state in favour of CFR Marfa and the failure to collect debts from the company have given the compan…
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