Independent journal on economy and transport policy
03:04 GMT+2
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Romanian cargo railway company CFR Marfa is expected to return more than EUR 570 million in public aid
This was imposed by the EU Commission at the conclusion of an investigation
February 25, 2020
The EU Commission recalled that CFR Marfa is in economic difficulties for several years now and that the company has a high level of debt, mainly against CFR Infrastructura, the state-owned company that manages The Romanian railway infrastructure, but also against the national social security agencies and administration Tax.
The rail freight market has been Romania in 2007. In March 2017, the association Romanian private freight railway companies presented a complaint to the European Commission alleging that CFR Marfa received state aid in violation of EU rules. The On 18 December of the same year, the Commission launched an investigation in-depth analysis to establish regulatory compatibility European Support Measures granted by the Romanian State to the CFR Marfa. The survey found that in relative part of the of these measures, the state would act as an authority rather than as a shareholder in the company would have granted public support by granting unfair economic advantage over competitors.
In view of the situation of the company and the market Commission has granted a six-month period recovery of such aid instead of the normal period of four months.
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The EU Commission recalled that CFR Marfa is in economic difficulties for several years now and that the company has a high level of debt, mainly against CFR Infrastructura, the state-owned company that manages The Romanian railway infrastructure, but also against the national social security agencies and administration Tax.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
