Business news from Ukraine

UKRAINE TO EXPAND COOPERATION WITH GENERAL ELECTRIC

19 July , 2016  

KYIV. July 19 (Interfax-Ukraine) – Ukraine’s Ministry of Infrastructure intends to expand cooperation with U.S. Corporation General Electric in various technological fields, Minister of Infrastructure Volodymyr Omelyan has said at a briefing in Kyiv.

“We’ve signed a memorandum with General Electric about testing their locomotive in Ukraine. This is the best design, which is now in the world. We also plan to sign a memorandum on cooperation with General Electric not only in the railway sector but also in aviation and others. This company is known for its electronic solutions, engines. I think we’ll hold consultations in this direction,” the minister said.

As reported, on July 14 General Electric and PJSC Ukrzaliznytsia signed an agreement under which the U.S. company will pass a locomotive to Ukraine to demonstrate its capabilities on the Ukrainian railway.

The locomotive of American production will arrive in Ukraine in the next two weeks. It will be on display on the Ukrainian railways for 120 days. Ukrainian experts will involve it in domestic rail transportation.