Ukrzaliznytsia

Friday, July 22

PKN Orlen will supply diesel fuel directly to Ukraine. Ukrzaliznytsia and the Polish oil refining company PKN Orlen agreed to cooperate on the supply of diesel fuel for the needs of the Ukrainian economy, the press service of the Ministry of Infrastructur...

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...

Tuesday, June 7

Ukrainian Railways will end the year with a loss. Ukrainian Railways (UZ) will end the year with a financial loss due to reduced freight traffic and many evacuation trips, said UZ supervisory board member Serhiy Leshchenko. The state railroad company...

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,...

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...

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

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...

Wednesday, January 5

Ukrainian Railways (UZ) announced a UAH 304.5 M tender for the Modernization of passenger vertical. UZ, through the state electronic trading system, ProZorro announced a tender for the purchase of services for the modernization of the vertical of passenger transportation with an expected cost of UAH...

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)...

Monday, December 13

Deutsche Bahn consultants conducted seven energy audits for Ukrzaliznitsya (UZ). The audits were carried out in August-November of this year, and Deutsche Bahn will develop an energy efficiency investment plan for UZ following the obligations under the cooperation with the EBRD on...

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 ...

Friday, November 19

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, ...

Tuesday, November 16

Ukrainian Railways (UZ) raises freight rates for iron ore transportation. From January 1, 2022, UZ will increase the tariff by an additional 9%. The change of the tariffs should bring the company an additional UAH 2 bln ($76 mln) of revenue in 2021, and UAH 10 bln ($381 mln...

Friday, November 12

Ukraine Railroad (UZ) has increased tariffs for freight transportation will additionally attract ₴14.3 bln ($545 mln). The reform of the tariff setting for freight transportation by rail will allow attracting an additional ₴14.3 bln for large-scale infrastructure projects that will be implemented at UZ. The tariffs fo...

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...

Thursday, November 4

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...

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.

Ukrzaliznytsia resumes another international route, the Mukachevo-Budapest service. In cooperation with the Hungarian State Railways, Ukrzaliznytsia will resume the № 33 / 34 Mukachevo-Budapest passenger train via Chop and Záhony today (November 2, 2021).

Friday, October 22

Ukrzaliznytsia tender for the purchase of 80 new trains. The national rail operator has extended the tender period by a month, until December 1st, for the submission of bids for the purchase of 80 new suburban and regional trains. It is noted that the compa...

Thursday, October 21

The Cabinet of Ministers terminated the powers of the last member of the Ukrzaliznytsia Supervisory Board. The Cabinet of Ministers approved the early termination of Auditskas Adomas, a member of the supervisory board as a representative of the state, reported epravda.com

Wednesday, October 13

Ukrzaliznytsia transported a record 3.8 million tons of grain in September 2021. The company shipped an average of 118,900 tons per day, which is 30.6% more than in September 2020 and 10.6% more than in September 2019. “The company has every opportunity to export a record amount o...

Friday, October 1

Ukrzaliznytsia resumes international railway routes with Poland. On October 10, UZ will resume rail services after an agreement was signed between the Ukrainian and Polish sides and the cooperation of the Polish Railway Administration. Tickets for the Kyiv – ...

Friday, September 24

The government removed most members from Ukrzaliznytsia’s supervisory board. The Cabinet of Ministers of Ukraine has refused to extend the contracts of four members: Shevka Ajuner, Andreas Mathieu, Serhiy Leshchenko, and Oleg Zhuravlyov. Until recently, Ukrzaliznytsia’s ...

Tuesday, September 21

Ukrzaliznytsia agrees to pay some of the Debt to VR Global Partners L.P. In 2019, Ukrzaliznytsia’s debts to PJSC Prominvestbank valued at $153.25 million were sold to VR Global Partners L.P. UZ stating that they are ready to pay only confirmed debt obligations and ar...

Wednesday, September 1

Ukrzaliznytsia has won a ruling to reduce the debt of Russian Sberbank by $15.6 million. The Eastern Commercial Court of Appeal in Kharkiv has agreed to reduce one of the state-owned company’s debts to the Russian bank Sberbank from $56.1 million to $40.55 million. Ukrzaliznytsia accrued ...

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, July 30

Kyiv Commercial Court has confirmed the validity of the purchase of $153 million of Ukrzaliznytsia debt by VR Global Partners, L.P. Noting that VR has won seven judgements in a row on the Feb. 2019 purchase, Richard Deitz, the President of VR, described the railroad’s legal objections as “nothing other than a spurious attempt by t...

Monday, June 14

Ukrzaliznytsia is selling two bears to a Dutch zoo as part of a program started last month to sell ‘non-core’ assets. The bears were housed at the Zaporizhia Children’s Railway. They are being transferred to the Ouwehands zoo in Rhenen, Utrecht. The zoo recently reopened its renovated ‘Bear Forest’. “I knew for...

Wednesday, June 2

Uzhhorod will become a rail hub for passengers traveling between Ukraine and Central and Southeastern Europe , according to UZ CEO Ivan Yuryk. In a first step, UZ is spending $200,000 this summer to study restoring 20 km of Euro gauge track that was abandoned in the 1990s. Originally laid during the Austro-H...

Tuesday, April 13

Ukrzaliznytsia plans to issue a Eurobond this year, to partially cover for a disastrous 2020. Largely due to the coronavirus, a $110 million profit in 2019 turned into a $430 million loss in 2020, according to the State Railroad’s recently released Ann...

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...

Each ton of iron ore “is transported with a 19% loss for Ukrzaliznytsia, ” Sergii Leshchenko, another UZ board member, (Kyiv Post). Once an UZ freight train carrying iron crosses into Poland or Slovakia, “the tariff for ore transportation increases,” he wrote. “In Poland, ...

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...