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Bucharest
February 4, 2023
BUSINESS

VTB, Russia’s interested in CFR Marfa

VTB, Russia’s second-largest state-owned bank, wants to invest “several hundred million euros” in the Balkans in the following years, being interested in the privatization of CFR Marfa (Freight) too, Atanas Bostandjiev, general manager VTB Capital, stated for Bloomberg, Mediafax informs. VTB Capital has opened an office in Sofia last week in order to facilitate its expansion in southeast Europe, seeking to fill the vacuum left in the region by the withdrawal of Western investors, a withdrawal caused by the sovereign debt crisis. “I will be pleased if we invest several hundred million euros in the following years in various projects in Bulgaria, Romania, Serbia and Greece, directly as a bank or by supporting customers. There are good opportunities in energy, transports, telecommunications and agriculture. We will analyze the privatisations planned in Bulgaria, Serbia and Romania. We are interested in privatising the Romanian freight railway company. (…)”, Bostandjiev pointed out.  Meanwhile, CFR planned on March 15, at the Romanian Commodities Exchange (BRM), a new public auction outcry for renting the 11 sections of track belonging interoperable railway infrastructure, related branches Bucharest, Brasov and Iasi.

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