CFR Călători (Romanian Railways Person Transports), one step away from bankruptcy because of some 20 million Euro in debt

CFR Călători (Romanian Railways Person Transports), one step away from bankruptcy because of some 20 million Euro in debt Foto: Publimedia, Silviu Matei

Astra Vagoane and Atelierele CFR Griviţa are threatening CFR Călători with insolvency if they don't receive the money they are owed

CFR Călători is one step away from bankruptcy. Astra Vagoane and Atelierele CFR Griviţa have threatened the management of CFR Călători that if they don't receive the more than 80 million Romanian Lei (close to 20 million Euro) they are owed, they will ask the courts to declare the state owed company insolvent.
The notifications sent by the two companies to CFR Călători date back to June 9th, and the deadline for paying the debts is of 10 calendar days, namely until the end of next week.
"Taking note of the fact that the debts above have been owed by your company to our company for more than 30 days (save for the one for the RON 26,299 contract) as of when our receivable became uncontested, liquid and enforceable, we consider that the requirements of art. 3 of Law no. 85/2006 have been met, in that your company is insolvent", state the officials of Astra Vagoane, a company owned by businessman Valer Blidar, in the notification sent to CFR Călători. The Blidar family places 67 in Forbes Romania's billionaires, with an estate estimated at 90-95 million Euro. Valer Blidar bought Astra Vagoane in 2000.

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