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Ukrainian Government negotiates with Siemens rolling stock modernisation deal

The key area of German investments in the Ukrainian economy is represented primary by the transport infrastructure, stated Ukraine’s Prime Minister Arseniy Yatsenyuk in a briefing about outcomes of the recent Ukrainian-German economic forum organised in Berlin.

According to him the Ukrainian Government had already started negotiations with Siemens for updating the rolling stock of Ukrainian railways and for carrying out the modernization works.

The Prime Minister reminded that on 1 January 2016 an Agreement on free trade area between Ukraine and the European Union was due to come in force: “This will be a strong impetus for the Ukrainian economy to become competitive and for the foreign investments to come into Ukraine“.

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