KIEV, Feb. 24 – The adoption by Parliament of laws on the creation of a public joint-stock company for public railway transport is an important step in reforming the railway industry, the European Bank for Reconstruction and Development said.

"The separation of the functions of state management and business activity, the corporatization of Ukrzaliznytsia, and the creation of vertical management systems by type of activity and financial transparency will allow Ukrainian railways to achieve a new level of development," said EBRD Country Director for Ukraine Andre Kuusvek.