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CFR Marfă, once profitable, has declared bankruptcy with debts exceeding 3.6 billion lei, leaving 1,500 employees unpaid. The company, which dominated rail transport until 2004, has deteriorated significantly, with abandoned assets and unpaid salaries. The government faces a bill of 11 million euros for employee compensations. The bankruptcy process is stalled in court, complicating the situation for workers. Years of poor management and failed privatization led to this downfall, with the last profit recorded in 2007. A new state company, Carpatica Feroviar, has been established but is already accumulating debts, raising concerns about repeating past mistakes. Romania risks European fines for having two state companies in the same sector.
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