19:25, 4.07.2008 Romania May Reschedule CFR Debts To Pwr Suppliers For Repayment In 1 Yr- Sources

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BUCHAREST / 19:25, 4.07.2008 Romanian Ministries of Economy and Transports, plan, jointly with state and private power suppliers, to reschedule the 1 billion lei (EUR1=RON3.6139) debts of Romaniaa€™s state-owned railway company Caile Ferate Romane, or CFR, to energy suppliers, for payment in one year, sources said Friday.

One third of CFRa€™s debts, namely RON309 million, should be paid to Romanian state-owned power grid Electrica SA. Electricaa€™s representatives corroborated the talks on...

Read the whole story in: Mediafax