Ukrainian Railways becomes joint stock company
UKRAINE: National railway Ukrzaliznytsia was formally registered as a state-owned joint stock company with an authorised capital of 229·9bn hryvnia on October 21.
This replaces its previous status as an integral part of the Ministry of Transport, and is intended to give the organisation a more commercial outlook.
The first board meeting following the change approved plans to establish subsidiary companies based on 21 departments, including rolling stock repair plants, concrete sleeper factories and IT and research units.
- Following the Ukrainian-German economic forum in Berlin, on October 25 Prime Minister Arseniy Yatsenyuk said the government had started negotiations with Siemens over modernising the national rolling stock fleet.