Half a year without a financial plan. Capital investments of Ukrzaliznytsia are at risk.

It's been six months already. PJSC "Ukrzaliznytsia" (UZ) is operating without a financial plan. According to the law, the annual budget of the railway operator should have been approved by January 1. But this year, the company entered the second half of the year with an unapproved income and expenditure program.

The main reason for the delay in adopting the financial plan is the business community's resistance to the indexation of freight tariffs. The Board of Directors and Supervisory Board of Ukrzaliznytsia (Ukrainian Railways) approved / ratified / confirmed proposals regarding changes to state-regulated freight tariffs were expected as early as the beginning of December 2024. The draft decision was to be reviewed by the Ministry of Community and Territorial Development and published for public discussion. However, discussions are still ongoing, and the document has not been published.

Why hasn't Ukrzaliznytsia's financial plan for 2025 been approved yet? How does the company operate without a budget? What is the operator's current financial situation, and what are the reasons for the losses? Is there a chance to resolve the situation? We investigated. LIGA.net.