Business news from Ukraine

NCCR APPROVES 2016 FINANCIAL PLAN OF UKRAINIAN CENTER OF RADIO FREQUENCIES

10 September , 2015  

KYIV. Sept 10 (Interfax-Ukraine) – The National Commission for Communications Regulation (NCCR) has approved the financial plan of the Ukrainian State Center of Radio Frequencies for 2016.

The press service of the center reported that according to the plan, net sales revenue will total UAH 374.4 million, which is 1.1% up on projected revenue in 2015.

It is expected that taxes, duties and other mandatory payments to budgets of all levels will total UAH 149 million.

Capital investment will be formed thanks to the funds of the company and tough control of financial expenses, in particular, via the ProZorro system, which sub-threshold goods (service) and labor procurement have been switched to. The funds accumulated this way will be allocated to develop the material and technical base.

“The key indicators of the 2016 financial plan approved by NCCR give grounds to speak about the further dynamic development of the enterprise,” CEO Yaroslav Yanushevych said.