The Ministry of Infrastructure, Ukrzaliznytsia, and the EBRD have signed a memorandum of cooperation on preparation for an Ukrzaliznytsia IPO.
This was announced by Prime Minister Oleksii Honcharuk.
Most of the money came from the Netherlands, which invested USD 951.5 million in the Ukrainian economy.
Ukrzaliznytsia’s head Yevhen Kravtsov spoke about some of the projects that will be financed by the European Union and the World Bank.
Ukraine will be able to use part of this money to modernize its existing roads and railways and build new ones.
Ukraine’s international reserves exceed USD 20 billion, according to the National Bank of Ukraine.
The money will be spent on fighting corruption, improving the quality of government and the tax system, reforming the energy sector, social policy, etc.
Among other things, the parliament extended the experiment involving the use of surplus proceeds from customs duties to finance repair of roads.
The money will be spent exclusively on postal workers’ salaries.
The company’s net revenue increased by 45% in the first nine months of 2018.
The Outlook on the rating is Stable.
The court partially satisfied the claim of VTB Bank and decided to recover from the Donetsk railway UAH 933 million of debt under loan agreements.
The project will be implemented in two phases
EBRD is expected to provide an additional EUR 150 million for this project.
This is the second information-sharing project between Ukraine and an EU country.
More than half of the cars were imported from the European Union.
Direct capital investments of UAH 874.254 million are planned in 2019.
Three full-fledged trains are subjected to theft every day.
The state fund will finance the reconstruction of airports.
Five electric locomotives may be used to service these trains.