| Economy |
Volyn has enough peat reserves to use them not only as fertilizer but also as solid fuel. The European Union is ready to organize a trip for a delegation from Volyn to Finland, which is a world leader in the use of peat in heat power engineering.
"Companies attribute this trend to rising oil prices on international exchanges, and experts predict a further increase in fuel prices, which could reach 10% by the end of spring," reports "Ekonomicheskiye Izvestiya."
The election race did not affect the implementation of the Volyn budget. According to daily monitoring data, in terms of fulfilling budget revenue targets, Volyn ranked first in Ukraine at the time of the elections. These data were made public during a meeting of the Lutsk Press Club of Reforms on April 17.
On April 10, during a staff meeting chaired by Volyn RSA Head Volodymyr Bondar, Deputy Head of the Regional Road Service Vitaliy Sydorenko reported that 100 million UAH has now been allocated for highway repairs.
“In June of this year, the first trolleybus will roll off the assembly line of the Lutsk Automobile Plant,” stated Volodymyr Hunchyk, chairman of the board of the open joint-stock company \\"LuAZ\\", on April 6 during the presentation of the bus program. \n"Appropriate production preparation is underway today.
The new production site at the Lutsk Automobile Plant (LuAZ) will be officially launched today, April 6, 2006, although in reality it has been operating since April 1. This was reported by the press secretary of the "Bohdan" corporation, Serhiy Krasulia.
The European Bank for Reconstruction and Development (EBRD) will provide one of the largest Ukrainian pasta producers - Bonita ST LLC - with a loan of EUR 535,000 for a period of 5 years. The company plans to invest the received funds in equipment for the production of new types of products.
The launch of the Lutsk pasta factory took place at the private enterprise "Impals." The management of the facility reported that the equipment and construction materials are exclusively of domestic production, moreover with the use of the latest energy-saving technologies (natural gas use decreased by 2.5 times).
The credit rating has also been upgraded for the bonds of OJSC "LuAZ" in the amount of 130 million hryvnias with a circulation period of 5 years.
As of March 27, Volyn tax officials fulfilled the Ministry of Finance's indicators for the first quarter of 2006 for collecting payments to the general fund of the state budget by 117%, additionally bringing 15 million 400 thousand hryvnias into the state budget.