Private joint-stock company Paper and Board Company (Lviv) tentatively saw UAH 29.7 million of net profit in 2017, which is 47.4% more than in 2016.
According to the agenda of a general meeting of shareholders scheduled for April 20, undistributed profit reached UAH 81.19 million as of January 1, 2018 (UAH 53.02 million a year ago).
According to a draft resolution of the general meeting, it is planned to send profit to develop the company.
According to the report, last year the company saw a 43.4% rise in current liabilities, to UAH 71.85 million, and noncurrent liabilities grew by 45%, to UAH 75.36 million.
Total bills receivable grew by 28.5%, to almost UAH 40 million, and assets rose by 36.7%, to UAH 273.2 million.
Net worth was almost UAH 126 million as of early 2018. The charter capital did not change, being UAH 570,000.
Paper and Board Company (until 2011 Lvivkartonoplast) was established in 1946 on the basis of production facilities of a small mechanical plant.
Currently it produces goods and semi-finished products from recycled cardboard (sheets of cardboard) and cellulose paper (toilet paper, towels, napkins).
According to the UkrPapir association, in 2017, the company saw a 24.7% rise in production, to UAH 483.4 million. Paper production rose by 34.4%, to 5,350 tonnes and cardboard output – by 10.5%, to 24,400 tonnes.
Ukrainian President Petro Poroshenko plans to visit Germany in April, his press secretary, Svyatoslav Tsegolko, has said. “Right after Easter [on April 8] I plan to make a visit to Germany,” Tsegolko quoted the head of state as saying.
The appeal of the presidential administration to the International Monetary Fund (IMF) regarding the reaction to the legislative initiative to introduce an exit capital tax in Ukraine makes it difficult to introduce this tax, Finance Minister Oleksandr Danyliuk has said. “I think it would be reasonable, especially considering that this is the initiative of the Ministry of Finance [the bill on exit capital tax], to ask the finance minister, who coordinates work with the IMF, about the position of the IMF … Now this has created some difficulties both for the president and for us, but I think we will get out of this situation,” the minister said on the air of the NV radio.
He stressed the bill does not provide for how to compensate for budget losses when replacing profit tax with exit capital tax. The Ministry of Finance, in turn, proposes to foresee such compensatory mechanisms in the Budget Resolution and send it to the parliament together with the bill on exit capital tax. “Why did the IMF react negatively? Because the presidential administration decided to send the bill there. Of course, the IMF sees risks that there is a plan to implement such a bill without compensatory mechanisms,” he said.
He also noted that, according to the ministry’s calculations, budget losses from replacing profit tax by exit capital tax will amount to UAH 25 billion in the first year, and UAH 31 billion in the second year.
The government of Japan together with the United Nations Office for Project Services (UNOPS) will transfer digital trunking radio communications equipment to the main directorate of the National Police of Ukraine in Sumy region. “We continue cooperation within the framework of the program for the development of material and technical capacity of the National Police. The government of Japan together with the UN Office for Project Services will soon transfer equipment of digital trunking radio communications to the main department of the National Police in Sumy region,” Interior Minister of Ukraine Arsen Avakov said at a meeting with Ambassador of Japan to Ukraine Shigeki Sumi.
According to Avakov, Japan is a reliable partner in all projects of the Interior Ministry of Ukraine. “Thanks to the government of Japan for a systematic and fruitful cooperation,” he added. The ambassador assured the minister in further support of the initiatives of the Ukrainian ministry on the way of reforming the civil security sector in the country.
President of Ukraine Petro Poroshenko will pay a state visit to Kuwait on March 18-19 and Qatar on March 19-20, the presidential press service has reported.
The program of visit to Kuwait envisages Poroshenko’s negotiations with Kuwait Amir Sabah al-Ahmad al-Jabir al-Sabah, Prime Minister of Kuwait Jabir al-Mubarak al-Hamad al-Sabah, Speaker of the National Assembly of Kuwait Marzouq Ali al-Ghanim, as well as Deputy Prime Minister, Foreign Minister Sabah al-Khalid al-Hamad al-Sabah.
In addition, the president will meet with the leadership of the leading investment funds in Kuwait.
“Within the framework of the visit, it is planned to discuss a wide range of issues of Ukrainian-Kuwaiti cooperation in trade and economic, military and technical, investment and humanitarian spheres. A number of bilateral documents are to be signed,” the press service said.
On March 19-20 Poroshenko will pay an official visit to Qatar, where he will hold negotiations with Amir of Qatar Tamim bin Hamad Al Thani and Prime Minister and Interior Minister Abdallah bin Nasir bin Khalifa Al Thani. The president is also expected to attend the opening of the international agricultural exhibition Qatar International Agricultural Exhibition 2018.
Within the framework of the visit, it is planned to discuss a wide range of issues of Ukrainian-Qatari cooperation in trade and economic, investment, energy, agriculture and other spheres. A number of bilateral documents are to be signed.
