Compania Nationala De Cai Ferate "Cfr" SA (Romania)

Compania Nationala de Cai Ferate "CFR" SA, also known as CFR, is a commercial joint-stock company located in Bucharest, Romania. It was established by Government Decision No. 581/1998. CFR's main activity is the management of railway infrastructure and auxiliary railway assets for the overall operation of public, domestic, and international railway transportation, in accordance with traffic safety requirements and specific transport technologies. CFR operates based on economic management and financial autonomy and receives allocations from the state budget, under the activity contract, for the Romanian railway public infrastructure and for the implementation of national projects that ensure Romania's integration into the European railway transport system. CFR ensures the provision of public railway transportation services for passengers, luggage, goods, and other goods, based on transport contracts, in order to satisfy public, social, and defense interests. Public railway transportation is organized and carried out on market commercial principles. CFR manages the Romanian railway infrastructure, which is public property of the state, and owns the assets it has in its possession, as well as those acquired in its own name with any title. In order to fulfill its main activity, CFR also carries out secondary activities, including commercial procurement and foreign trade, import-export, and asset exploitation. CFR's assets are managed through its subordinate units. As the owner, CFR autonomously possesses, uses, and disposes of the assets in its possession to fulfill its main activity and benefits from the results of their utilization. The relationship between CFR and the state's public institutions is regulated based on the company's activity contract, concluded between the Ministry of Transport and Infrastructure on behalf of the state and CFR.