UZ

Tuesday, July 12

Ukrainian Railways makes a coupon payment for Eurobonds. On July 11, the Ukrainian State Railway company (UZ) made the second and the last Eurobond coupon payment of $36M this year, announced the company’s CEO Oleksandr Kamyshin. According to the S&P r...

Friday, July 8

UZ tariffs for transporting grain have increased almost tenfold. The restoration of Ukrainian Railways (UZ) auctions for the distribution of grain cars has led to an increase in the price of their rent almost tenfold; the price has risen from UAH 2,170/day to the ...

Wednesday, June 29

Ukrainian Railways raises tariffs for freight transportation by 70%. The Ministry of Infrastructure of Ukraine agreed with Ukrainian Railways’ (UZ) proposal to increase cargo transportation tariffs by 70%. In contrast to several previous increases last year, the rates...

Wednesday, May 18

The EU must address technical issues in order to transport large cargo volumes from Ukraine. Ukraine Railways (UZ) emphasizes several problems on the part of the transport system of European countries and its integration with Ukraine, which hinder the increase in the volume of cargo transpor...

Monday, May 16

Ukrainian Railways returns to 40% of pre-war freight traffic. In May, Ukrainian Railways (UZ) has already transported 300-310,000 tons of cargo per day, which is about 40% of the pre-war figure, announced CEO Alexander Kamyshin. According to him, before the war,...

Friday, April 15

Ukrainian Railways has transported more than 500,000 tons of grain. In April, Ukrainian Railways (UZ) transported more than 500,000 tons of grain, of which 138,000 tons were for export. Since the beginning of April, UZ has loaded 3.92 million tons of cargo. Of these,...

Tuesday, February 15

Fitch Ratings downgrade UZ credit rating to stable. Credit agency Fitch Ratings revised their credit rating of Ukrainian Railways (UZ) after the deterioration of the sovereign forecast. The forecast revision follows a recent change in Ukraine’s risk o...

In January, UZ earned a profit. In January, the state-owned Ukrainian Railways (UZ) made a UAH 21M ($750,000) profit against a loss of UAH 693M ($25M) in January 2021. Also, UZ increased its annual revenue by 63% to UAH 9.3B ($332M...

Friday, February 11

UZ is looking for a partner to design the Kyiv City Express stations. Ukrainian Railways (UZ) intends to build about 60 railway platforms for 30 stations in the Kyiv region, a part of the Kyiv City Express project. According to UZ, the company has already announced the ...

Monday, February 7

Ukrainian Railways upgrading stations and platforms for Kyiv City Express. Ukrainian Railways (UZ) has announced a tender for a large-scale reconstruction of passenger platforms in Kyiv and the suburbs where the City Express operates. The project’s expected cost is UA...

UZ cancels the ban on transit cargo to Poland. On January 10th, Ukrainian Railways (UZ) canceled the prohibition on transporting transit cargo through Ukraine to Poland. It is noted that this was achieved through numerous negotiations between the ...

Wednesday, February 2

UZ transported a record volume of cargo. In January 2022, Ukrainian Railways (UZ) transported 26.1 million tons of freight, and the cargo turnover for the reporting period amounted to 15.8 billion t-km. These figures are a record for the la...

Friday, January 28

Ukrainian Railways (UZ) will spend UAH 300M for consultations on the modernization of passenger traffic. According to Prozorro, UZ Passenger announced a tender on March 14 to purchase consulting services to facilitate the modernization of the vertical of passenger traffic. The starting purchase price is ...

Thursday, January 13

In 2021, UZ received UAH 457.5 M in net profit. The Ukrainian Railways (UZ) through its press service said that it has received the sum of UAH 457.5 ($16.5 M) as net profits against almost UAH 12 B ($436 m) as a net loss in 2020. The revenue amount...

Monday, January 10

Ukrainian Railways (UZ) transported a record amount of grain in December. In December 2021, UZ transported 3.865 M tons of grain cargo, which is 15.8% more than in December 2020. According to the Ukrainian Railways, (UZ), this is a record for the past 11 years. In total, UZ...

Monday, December 27

The new Ukrainian Railways (UZ) board and a new contract with its chairman. The cabinet of Ministers terminated the powers of UZ board member Roman Chernytsky due to the expiration of his term. The government decided to elect and appoint from January 1, 2022 members of the bo...

Tuesday, December 14

A new train route № 5/6 Mariupol – Rakhiv has commenced operation on December 13 2021. Train № 5/6 Mariupol – Rakhiv went on the first trip which is the longest passenger railway route in Ukraine, 1806 kilometers. It connects 7 regions of Ukraine, announced Ukrainian Railways (UZ)...

Tuesday, December 7

In November 2021, Ukrainian Railways (UZ) transported 4.1 mln tons of grain cargo. A record for grain transportation in a month. The grain shipments for export increased by 9.2% to 3.7 million tons, and import shipments by 8% to 16.2 thousand tons. Transportation of grain in ...

Monday, December 6

Ukrainian Railways (UZ) does not plan to increase tariffs in 2022. The announcement referred to freight transportation, except for the one increase scheduled for January 1, 2022. The Chairman of the Board of UZ, Oleksandr Kamyshin, said that the first increase of tar...

Monday, November 29

Ukrainian Railways (UZ) will launch 12 new high-speed trains in December. In the new train schedule, 12 pairs of high-speed trains will start running on December 12, announced the company announced on its Facebook page. The first of two high-speed electric trains, Skoda ...

Wednesday, November 10

UZ has commenced its most extensive infrastructure modernization program. “By 2028, Ukraine will implement a program to build tens of thousands of freight cars with a total cost of ₴100 bln ($3.8 bln)”, announced President Zelensky. “We are starting the construction and mod...

The level of localization of production of freight cars purchased by UZ will exceed 95%. This will include a total of 45,000 new grain trucks and gondola cars are planned to be purchased with the assistance of the Ministry of Infrastructure, which will launch a state leasing program in 20...

Another 500 passenger cars will be built for Ukrzaliznytsia (UZ), reported Interfax. In the next two years, UZ will increase its fleet of passenger cars by purchasing another 500 units, said President Volodymyr Zelensky. “This year, Ukrzaliznytsia will receive...

Tuesday, November 2

Ukrzaliznytsia (UZ) received the first new passenger carriages. Five compartment cars were constructed by the Kryukiv Car-Building Plant (KVBZ). Under the terms of the contract, 20 out of 100 cars ordered must be delivered by the end of 2021.

Tuesday, October 12

International train routes to Slovakia, Hungary, Austria, Moldova and Poland have been reinstated, as reported on the Facebook page of Ukrzaliznytsia. Ukrzaliznytsia (UZ) has resumed passenger traffic by 70% to the level of pre-pandemic 2019 in three months of summer.

Monday, October 11

Ukrzaliznytsia has reduced company loss to UAH 468.8 ($17.6 mln) . In September, UZ earned UAH 321.9 ($12.1 mln) in profits. The company managed to reduce losses to UAH 468.8 ($17.6) mln in the first nine months of 2021, reported the press service of Ukrzaliznytsia...

Thursday, August 12

With rivers of grain starting to flow from the fields of Ukraine, Ukrzaliznytsia is not prepared to move the record harvest to the Black Sea ports , warns Alexander Kamyshin, the new acting CEO of the state railroad. Barely one quarter of the railroad’s 11,400 grain wagons are useable, he says. “As of July 9, only 15% of the planned repairs were...

Friday, May 14

In a €880 million deal, Alstom is to supply 130 electric locomotives to Ukrzaliznytsia . France is financing 85% of the sale, through a €350 French Treasury loan and €400 million in loan guarantees from BPI Assurance Export. French authorities raised the level of localization – value ad...

Tuesday, May 11

Ukrzaliznytsia plans to resume international train service next month, starting with Austria, Hungary and Poland, Ivan Yuryk, the state railroad’s acting CEO, says, according to UZ’s press office. Confirmed are Kyiv-Vienna trains and trains from Zakarpattia to Hungary, crossing at the Chop- Záhony bridge. UZ is i...

Monday, May 3

Ukrainian Railways continues to be effected by the Covid-19 pandemic shock to Ukraine’s economy, including a GDP contraction of 4.2% in 2020, ongoing lockdown measures and currency depreciation. “We project the economy to rebound in 2021 with growth of up to 4.1%, but there are material downside ...

Tuesday, April 13

UZ has 250,000 employees, “while a modern railroad of this size could probably manage with around 120,000” Adomas Audickas, a member of the railroad’s Supervisory Board, wrote in an Atlantic Council essay: “How to Reform Ukrainian Railways.” While the railroad has lost 75% of its trans cargo due to Russian...

UZ has set a goal to raise cargo this year by 3%, to 314 million tons, and revenue by 10%, to $2.6 billion, the company reported last month.

Concorde Capital’s Alexander Paraschiy has commented on this issue: “Any change in Ukrainian Railways’ tariff policy that leads to an effective increase of cargo rates usually meets fierce resistance from large business customers (especially top customers, the compani...

UZ aims to handle one Chinese train a day – either in transit to Eastern Europe or to Kyiv’s Darnytsa rail yard. In January-February, 27 Chinese transit trains rolled across Ukraine and four more went to Darnytsa.

Thursday, March 11

Independence of the Central Bank became the critical issue with the IMF last summer Independence of the Central Bank became the critical issue with the IMF last summer after President Zelenskiy pushed out the internationally known and respected governor, Yakiv Smoliy. In the ensuing ...

With the $5 billion IMF lending program to Ukraine suspended, Bloomberg and Reuters moved stories yesterday on the spat With the $5 billion IMF lending program to Ukraine suspended, Bloomberg and Reuters moved stories yesterday on the spat. Bloomberg headlined: “Another Ukrainian Central Banker Speaks Out on Governance...

Ukrzaliznytsia passenger service – which has been hemorrhaging money loser – lost 26% more of its income in the last year, a total of $314 million Ukrzaliznytsia passenger service – which has been hemorrhaging money loser – lost 26% more of its income in the last year, a total of $314 million, said Volodomyr Zhmak, the state railroad’s CEO, yest...

The share of UZ cars in freight trains has dropped in half – from 47% in 2018 to 21% in 2021 The share of UZ cars in freight trains has dropped in half – from 47% in 2018 to 21% in 2021, Zhmak said. This year, Zhmak wants to increase the UZ portion to 40%. Private cars are more popular becaus...

Former Ukrzaliznytsia CEO Wojciech Balczun is co-owner of Aurum Polonez, an amber mining company in Klesiv, northern Rivne oblast Former Ukrzaliznytsia CEO Wojciech Balczun is co-owner of Aurum Polonez, an amber mining company in Klesiv, northern Rivne oblast, according to Nadra.info. A Polish rock musician, Balczun ran UZ in 20...

Egis Ukraina, a French-financed engineering company working in Ukraine for the last three decades, Egis Ukraina, a French-financed engineering company working in Ukraine for the last three decades, has entered into a joint venture with Ertle, Ltd, an international engineering and construction holdi...

Half of Ukrainians seeking work abroad want to go to Poland, with two thirds looking for seasonal work, Half of Ukrainians seeking work abroad want to go to Poland, with two thirds looking for seasonal work, according to an OLX Work survey last month of 7,700 Ukrainian job seekers. The other top two des...

Resistance to vaccinations against the coronavirus is high and growing in Ukraine, Resistance to vaccinations against the coronavirus is high and growing in Ukraine, the AP reports in an article headlined: “Wide resistance to vaccines plagues Ukraine’s COVID-19 fight.” The portion o...

The Health Ministry reported that 40% of medical workers say they do not want to be vaccinated. The Health Ministry reported that 40% of medical workers say they do not want to be vaccinated. In the Donetsk village of Selydove, a visiting AP reporter found that only 5% of medical workers agreed ...

Ukraine and Israel are negotiating mutual recognition of “vaccination passports” for tourist travel Ukraine and Israel are negotiating mutual recognition of “vaccination passports” for tourist travel, Yevhen Korniychuk, Ukraine’s Ambassador to Israel, told Ukraine 24 TV. In September, mo...

UIA said that it has refunded $2.5 million to travelers last month for flights cancelled due to COVID-19. UIA said that it has refunded $2.5 million to travelers last month for flights cancelled due to COVID-19. These refunds, up to 15,000 passengers, brings to $29 million the airline has refunded to cust...

Passenger traffic at Kyiv Boryspil was down by two thirds during the first two months of this year Passenger traffic at Kyiv Boryspil was down by two thirds during the first two months of this year, compared to January-February 2020, reported the Center for Transportation Studies. With UIA’s suspen...

A total of 1,000 people a day crossed the two checkpoints with Russia-controlled Crimea last month A total of 1,000 people a day crossed the two checkpoints with Russia-controlled Crimea last month, reported Ukraine’s State Border Guard Service. This volume – 27,300 people – was down 88% compared t...

In the last six months, Ukraine’s Central Bank has moved from collegiality to Soviet-style centralism In the last six months, Ukraine’s Central Bank has moved from collegiality to Soviet-style centralism, Kateryna Rozhkova, First Deputy Governor of the National Bank of Ukraine, said in a lengthy inter...

Hours after the interview with NV was posted Hours after the interview with NV was posted on Facebook yesterday, the bank’s communications department tried — unsuccessfully — to censor the interview. Rozhkova also complained that she...

Tuesday, January 19

Ukrzaliznytsia trains carried 61% of the Ukraine’s grain for export last year, Ukrzaliznytsia trains carried 61% of the Ukraine’s grain for export last year, the railroad reports. Overall, UZ moved 35.2 million tons of train last year – 87% for export. Grain accounted for 11.5% ...

UZ