Romanian Transport Ministry Won't Privatize Any Company In 2012 – Govt Document

Romania's Finance Ministry says in a document that the Transport Ministry will not carry out any privatizations this year, although the stand-by agreement with the IMF, European Commission and World Bank provided deadlines for the sale of CFR Marfa and Tarom.

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The document has been drafted even as negotiations with the IMF are ongoing. It says investors have shown little interest in state-owned airline Tarom, in the context of the current economic crisis.

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