Ukraine signs memorandum with Deutsche Bahn

The alliance is expected to boost the efficiency of the railway services in Ukraine.

Honcharuk announces the cooperation with Deutsche Bahn in Davos / Photo from facebook/PMHoncharuk

Honcharuk announces the cooperation with Deutsche Bahn in Davos / Photo from facebook/PMHoncharuk

Ukraine's Infrastructure Ministry and Germany's largest railway operator, Deutsche Bahn, have signed a memorandum of understanding, which foresees the provision of services to reform the state-owned company Ukrzaliznytsia's enterprise management mechanisms.

"This alliance is a logical continuation of Ukrzaliznytsia's restructuring plan, which was announced by President Volodymyr Zelensky in September 2019. I am sure that utilizing the most successful European railway company's experience will boost the efficiency and quality of rail transportation services in Ukraine," Ukrainian Prime Minister Oleksiy Honcharuk said on Telegram.

Read alsoTransportation of passengers by rail between Ukraine and EU 15% up in 2019

He also assured the state would not lose control over the company, as German experts will work only to reform the management mechanisms of Ukrzaliznytsia. "Therefore, I immediately squash all the rumors – we are not talking about any sale or lease of such a strategically important state asset as Ukrzaliznytsia. I hope that German operational efficiency and zero tolerance for corruption will become the basis for changing the situation at Ukrzaliznytsia," he said.

As UNIAN reported, President Vladimir Zelensky on September 2, 2019, ordered the Ukrainian government to draw up by the end of 2019 a plan for restructuring Ukrzaliznytsia to make it more efficient and transparent. He appointed Prime Minister Honcharuk and Infrastructure Minister Vladyslav Krykliy in charge of the project.

UNIAN memo. Ukrzaliznytsia is a joint-stock company, wholly owned by the state. The company is on the list of state-run enterprises that are not subject to privatization. It accounts for 82% of freight transportation and about 50% of passenger traffic by all modes of transport. In terms of freight traffic, the Ukrainian company ranks fourth on the Eurasian continent, after the railways of China, Russia and India.

Related news

NBU sells US$71 mln on Sept 14-18 to support hryvnia.

Over the period under review, the regulator did not buy the currency.

3 9

Week's balance: Cabinet submits budget draft to Rada, Zelensky promises «human» salaries and pensions, while hryvnia keeps weakening.

The Cabinet of Ministers submitted to parliament the draft state budget for 2021, which provides for a budget deficit of 6% of GDP, President Zelensky promised Ukrainians to raise salaries and pensions to the "human level", while the hryvnia conti...

2 14

Ukrainian business receives UAH 8B under Affordable Loans program – Marchenko.

Since the launch of the state program "Affordable Loans at 5-7-9%", Ukrainian entrepreneurs have received loans worth about UAH 8 billion, Finance Minister Serhiy Marchenko has said.

1

PM says it’s realistic to get GDP growth at 4.6% next year

Prime Minister of Ukraine Denys Shmyhal believes that GDP growth at 4.6%, which is included in the draft state budget for 2021, is completely realistic.

1 1

Hryvnia weakens to U.S. dollar on Sept 21

The official forex rate against the euro for Monday is fixed at UAH 33.35 per euro.

Extended border closure another obstacle for Alberta Indigenous tourism industry.

Indigenous tourism was growing in Alberta before the pandemic hit. Now, many operators hope their doors will still be open when travel restrictions ease.

PM Shmyhal: Government working on measures to facilitate Ukraine's economic recovery.

Shmyhal announces work on measures to facilitate Ukraine's economic recovery / REUTERSUkraine's Cabinet of Ministers is working on measures that will help facilitate the country's economic...

1 11

Agricultural production in Ukraine almost 10% down in eight months.

Both agri-businesses and private farmers reduced production.

Banker Pysaruk accuses NABU of lack of professionalism and pursuing its own agenda.

Oleksandr Pysaruk / Photo from UNIAN‘NABU has demonstrated that it lacks professionalism and is pursuing its own agenda in the case against Pysaruk and Bakhmatyuk by pressing baseless charges...

Bakhmatyuk sums up losses from ‘a year of war’ waged against him by NABU: 9,000 jobs and 0.

Oleg Bakhmatyuk / Photo provided by the press serviceOne year into NABU's war against Bakhmatyuk, his company has lost more than the value of assets abandoned in the occupied Crimea and Donbas...

By continuing to browse World News (UAZMI), you acknowledge that you have read the Terms of Use and agree to the use of cookies