UZ wants to increase tariffs by another 20%, which may lead to the closure of enterprises. Ukrainian Railways (UZ) plans to raise tariffs for rail freight transportation by approximately 20% from the beginning of 2024, said Volodymyr Husak, general director of the Federation of Transport Em... #UkraineRailways #Ukrainianlogistics #UZCargoTransportation #ВідвантаженнятоварівУкраїна
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... #CargoFromUkraine #EUandUkraine #RailCargo #UkraineRailways #UZ
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... #UkraineRailways #UZ #UZprofits2022
Expenditures on railway modernization will be reduced by UAH 700 mln. The state budget of Ukraine for 2022 provides UAH 3.8 bln ($140 mln) for the renewal of rolling stock and reconstruction of railway infrastructure. In addition, compared to 2021 state budget of Ukrain... #UkraineRailways #UkraineRailwaysModernization
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 ... #UkraineRailways #Ukrzaliznytsia #UZ
Ukrzaliznytsia (UZ) plans to upgrade more than 50,000 railroad cars by 2028. The program of large-scale modernization by UZ includes the renovation of more than 50,000 freight and passenger cars by 2028. The First Deputy Minister of Infrastructure of Ukraine, Vasyl Shkurakov, ... #FreighWagonUpgrade #UkraineRailways #Ukrzaliznytsia
Ukrzaliznytsia is completing the modernization of the fourth electric train. The major overhaul at UZ includes the modernization of its electric suburban train fleet, and improvements to carriages which are modified for people living with disabilities. The refurbished trains w... #NewPassengerTrains #UkraineRailways #Ukrzaliznytsia #UZnewelectricTrains
Concorde Capital’s Alexander Paraschiy wrote: “The placement is a well-expected event that is essential for Ukrainian Railways to resolve its liquidity issues and secure financing for its on-going CapEx program. We see a high chance for the place... #BondMarketUkraine #UkraineRailways #UZeurobonds #UZissuingbonds
Ukrainian Railways is under intense scrutiny by the Temporary Investigative Commission of the Verkhovna Rada, which said that the company has performed unsatisfactorily, VSK head and MP Yulia Grishina announced on Facbeook. The body intends to appeal to the Cabinet of Ministers to dismiss the company’s acting... #InvistigationofUkraineRailways #UkraineRailways
Fitch Ratings revises Ukrainian Railway’s Long-Term Issuer Default Rating, senior unsecured debt, and its SPVs on Rating Watch Negative, the agency announced on April 29. The change reflects the company’s weakened liquidity position, according to the agency’s assessments. As of April, Ukrainian Railway’s liquidity coverage ratio, calcu... #FitchRatings #UkraineRailways #UkraineRailwaysDebt
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 ... #UkraineRailways #UZ
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... #UkraineRailways #UZ
