Business news from Ukraine

LITHUANIA READY TO COOPERATE WITH UKRAINE IN TENDERS, ROLLING STOCK PRODUCTION

Lithuanian Railways has offered JSC Ukrzaliznytsia cooperation in a number of areas, including the development of international freight traffic, the Ukrainian League of Industrialists and Entrepreneurs (ULIE) reported on its website. The company wants to continue developing cooperation with Ukrzaliznytsia.
“Lithuanians offer Ukrzaliznytsia to cooperate in many areas. In particular, the matter concerns joint participation in European and international tenders, production and renovation of rolling stock, and an efficient use of the railway fleet for Ukraine,” representative of Lithuanian Railways Paulius Grubinskas said after the fourth Ukrainian-Lithuanian Economic Forum held in Kyiv on December 7.
Thus, according to the Lithuanian side, freight traffic between Ukraine and Lithuania increased by 10% in 2018, while the Viking container train increased traffic by 40%.
“There is a big goal – Ukraine and Lithuania want to combine the Black Sea and the Baltic Sea, while the Viking train can contribute. By the way, Scandinavian countries also express their interest in this,” the expert said.

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U.S. MANUFACTURE OF ROLLING STOCK GREENBRIER TO ENTER UKRAINIAN MARKET

The Greenbrier Companies, Inc. (Oregon, the United States), the manufacture of rolling stock, seeks to enter the Ukrainian market in the near term.
“We have been studying the Ukrainian market for several years and assume that we will come to this market in the near future,” Assistant Vice President for International Marketing at Greenbrier Adem Saglik said at the Rail Expo 2018 exhibition in Kyiv.
At the same time, he said that in order to make the Ukrainian market more attractive to foreign companies, it is necessary to make a number of legislative changes.
“It is important to adopt several laws, in particular, on market liberalization, so that private operators also have access to the market and there is competition… It is very important for us to see that private traction is supported by the government of the country,” he said.
According to Saglik, the sooner Ukraine liberalizes the traction market, the more European companies will come and start working.
Earlier, Greenbrier considered the option of creating a leasing company in Ukraine.
The Greenbrier Companies specializes in the manufacture and repair of railway rolling stock, provides management and leasing services for rail cars.

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