The delegation of the International Monetary Fund (IMF) was unimpressed with the delay in the privatization process for the airline company TAROM and Romanian Railways Freight (CFR-Freight) company during the talks they had on Monday with the officials of the Ministry of Transports and Infrastructure (MTI).
According to the ministry representatives who attended the talks, the Fund delegation showed unimpressed with the fact that CFR-Freight and TAROM privatization will be done in November, later than it had been scheduled.
The privatization process at CFR-Freight should have been concluded in October 2012, after the company negotiated a scheme to cancel the arrears and scrapped 3,000 wagons, a process set for late August. Publishing the announcement for selling shares should have been done by mid-June.
