About past, present and future of Ukraine

Search mobile

Main Business Lithuania’s state railways begin operating in Ukraine

Business

Lithuania’s state railways begin operating in Ukraine

465
Lithuania’s state railways begin operating in Ukraine

Share this article


LTG Cargo, part of Lithuania's state-owned railway company Lietuvos Geležinkeliai (LTG), has established a subsidiary in Ukraine, according to the company’s press release.


LTG Cargo Ukraine will first offer rolling stock rental, forwarding, and other freight transportation services as part of its expansion strategy.

Our new line of business is a planned strategic step in the international development in Eastern and Central Europe, with which we aim to expand the range of activities and increase competitiveness in the region

Egidijus Lazauskas, CEO of LTG Cargo
odessajournal 0

We also see opportunities to contribute to the development of the railway and the Green Course in Ukraine, where the volume of transported freight is one of the largest in the region

Egidijus Lazauskas, CEO of LTG Cargo

In the long run, the company’s objective is to become an international freight carrier in Ukraine, where the annual volume of freight transported by rail reaches about 300 million tons – as much as six times more than in Lithuania.

As part of the international expansion, last summer LTG Cargo established a subsidiary in Poland, LTG Cargo Polska, which, together with its partners, will develop freight transportation in Poland.


Source: LRT


The Odessa Journal
more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...