US EditionFour More Years without Train (at Least): How the Future of Transport Is Shaped
7 Articles
7 Articles
The lagañas still cling to the eyelids and the dark lenses conceal the tiredness, which is shared by the rest of the compatriots lined up in a winding line. Even if it survives July—for today the budget of the Costa Rican Railway Institute (Incofer) allows it to operate until that month—the panorama does not improve: at least four more years will remain in uncertainty, without a new train. Three years have passed since President Rodrigo Chaves p…
The Presidents of the Burse of Values of Bucharest, Radu Hanga, and Florian Mateița, associated with RomeInsolv, radiographiced the capital market and the state of the business environment during the 2030 Romania Conference, organised by Transylvania Business in the 15-year-old event. During a period where there are many crises, late payments in the economy have increased, the amount of money remains unpaid, respectively, is much smaller, and wi…
CFR Călători could lock its trains CFR Călători is sounding a serious alarm. The company says it is on the verge of insolvency and that, if things do not change quickly, it could completely stop passenger traffic. In an official document made public, company representatives warn that the situation is critical: "We draw your attention to the fact that CFR Călători is in a situation of insolvency, with serious implications for ensuring the public …
The Secretary of State in the Ministry of Transport, Ionuţ-Cristian Săvoiu, announced on Saturday that the situation reported by CFR Călători must be resolved through dialogue and that the passenger railway operators must ensure all the routes provided for in the public service contract. He points out that it is important for the Ministry of Finance to ensure the necessary funds for the Railway Reform Authority, which in turn can allocate them, …
The Romanian state railway company is threatened with insolvency - This would result in the suspension of traffic.
Unless a miracle happens, the worst could happen.
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