Burci expects rolling stock business to stagnate at 400m euros

Businessman Cristian Burci, who controls International Railway Systems group, which includes rolling stock plants Astra Vagoane Arad, Meva and Romvag, as well as railway transport company Servtrans, estimates this year's business will remain at 400 million euros, the first stagnation in the last few years. "IRS is not immune to the turmoil on the international markets, with the international crisis starting to spread in this region, as well. There are postponed rolling stock orders, and the group's transport division recorded a decline in demand from the automotive and the metallurgic industry. We are still confident about this year's results, although they will likely not be as good as we initially expected," Cristian Burci said. IRS is the largest group of its kind in Europe, with a production of 5,500 rolling stock units last year and 7,500 employees.