RAILWAY COMPANIES OF G4 GROUP SIGN MEMORANDUM OF COOPERATION

ZAGREB/BUDAPEST April 23 (Hina) - At a meeting of the general directors of seven railway companies gathered in the G-4 group was held in Budapest on Wednesday at which a Memorandum of Cooperation was signed harmonising further development of railway traffic in the Danube-Adriatic region. #L# The directors of the railways and ministerial representatives from Italy, Slovenia, Hungary, Ukraine, Russia and Croatia signed the memorandum which should contribute to realising various projects and cooperation between the railways. The G-4 group was founded in Vienna in December 1992 and its first members were Austrian Railways, Slovene Railways, Hungarian Railways and Croatian Railways. They were later joined by the Railways of the Republic of Slovakia, the Railways of the Federation of Bosnia-Herzegovina and a private Austrian-Hungarian concern, GYSEV. The role of the G-4 group is to promote joint interests in the area between the Danube river and the Adriatic. (Hina) sp it