CFR Passengers will record RON 180 M in loss, in 2010

National Rail Company (CFR) will record 180 million lei (about 42.3 million euros) in loss, in 2010, according to the draft budget for this year, published by the Ministry of Transport.

Total revenue will reach 2.40 billion lei, while expenditure is expected to account for 2.58 billion lei, out of which 402.92 million will represent investments, 481.84 million will represent salaries and with debts to amount to 294.72 million lei. The company will lay off 1,370 employees, in 2010, in a restructuring programme.

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