Selection of private management for Tarom begins today

The Ministry of Transport is starting today interviews for the election of the members of the Board of Directors and CEO for Tarom, based on the lists provided by consultants and expects from the new managers a strategy for the sale of 20 per cent of the company shares, Transport Minister Ovidiu Silaghi said at the week-end, according to Mediafax.  ‘The intention is to privatise 20 per cent of Tarom by the end of the year (…). We count on the capacity of private managers to produce a strategy’, Silaghi also said.  According to the minister of transport, the interviews for the selection of private managers for the other companies subordinated to the ministry would be conducted in the coming few weeks, after completing procedures in the case of Tarom.

Rail transporters unhappy with CFR marfa privatisation

In what regards the strategy for the privatisation of CFR Marfa, which includes the sale of the entire stock currently owned by the state, a decision will be made during the government meeting this week. The sale of the rail transport company is one of the conditions the government assumed under its agreement with the IMF. The Ministry of Transport will hold a public debate on the draft government decision approving the strategy for the privatisation of the company tomorrow. The Association of Rail Transporters of Romania (ATFER) says in a release that the privatisation of CFR Marfa is done ‘hastily’ and the procedure adopted for selling the state-owned company will cause important damaged to both the state and private transport operators.


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