Romanian Railway Co CFR Calatori, Subway Co Metrorex To Hike Tariffs By 8% As Of Sept

Romanian state-owned passenger railway company CFR Calatori and state-run subway company Metrorex will raise tariffs by 8% starting September 15, Transport Minister Radu Berceanu said Wednesday.

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Berceanu said in August that the Transport Ministry proposed the Government that railway transport tariffs be hiked by 8% to 9% and subway transport tariffs by 10% to 11%.

The Government promised the International Monetary Fund it would raise the tariffs of the ten largest loss-making state-run companies, including CFR Calatori, freight carrier CFR Marfa, electricity producer Termoelectrica and Metrorex.

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