13:59, 24.07.2008 Romaniaas CFR To Get Funds For Debt Payment If Ops Become Efficient-Econ Min

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BUCHAREST / 13:59, 24.07.2008 Romanian Economy Ministry said it could grant funds to Romaniaa€™s state-owned railway company Caile Ferate Romane SA, or CFR, to pay its debts worth 1 billion lei (EUR1= 3.5721) to electricity suppliers if the company pays its current debts and draws up a program for a more efficient activity."Starting with August, we are ready to grant CFR RON80 million monthly to pay its electricity debts, on the condition that it pays its current debts.

Railway companies must...

Read the whole story in: Mediafax