The general meeting of shareholders of JSC "LuAZ" was held, which, having heard the reports of the Board of Directors on the results of financial and economic activity, the Supervisory Board and the Audit Commission of JSC "LuAZ" for 2003, recognized the results of their work as satisfactory. \nIn their speeches, General Director Volodymyr Hunchyk and Chairman of the Supervisory Board Oleh Svinarchuk noted that at the beginning of 2003 the company had quite good prospects for strategic development. The issue of an investment program for the production of trucks and buses was worked out, and in September 2003 the Cabinet of Ministers approved this program. According to it, the creation of a new modern enterprise on the basis of the Lutsk Automobile Plant for the production of more than 70 thousand vehicles per year was envisaged. However, due to unfair competition and attempts to redistribute the automobile market, the government resolution was canceled by a presidential decree. The plant's labor collective and its strategic partners appealed to the higher authorities of Ukraine with a request and proposal to return the investment program to the Cabinet of Ministers in order, jointly with the structures of the Ministry of Industrial Policy, the Ministry of Economy, the Ministry of Finance, the State Tax Administration of Ukraine, and other interested parties, to refine this program in the context of the comments that were expressed and put it into effect. But so far the situation remains unchanged. Obviously, as Oleh Svinarchuk noted, someone does not like the fact that the enterprise is operating successfully and is the main taxpayer to the city budget. \nAt the same time, a difficult situation developed at the end of the year in relations with the tax authorities. On their part, Volodymyr Hunchyk emphasized, a subjective approach to the company's activities was demonstrated, and subsequent events confirmed this. \nDespite external obstacles, during the reporting period, marketable products worth more than UAH 160 million were produced. Significant growth in volumes was achieved through the transition of vehicle production from tolling raw materials to own production. The financial result of the company's economic activity is profitable and amounted to UAH 10,425 thousand. Thanks to this, it was possible to pay off almost half of the losses of previous years in just one year. Of course, this also affected the level of wages, the mood in the team, and the overall image of the enterprise. \nOn the instructions of the Supervisory Board, the Board of Directors prepared and adopted for implementation an innovative program for the production of LuAZ-1301 vehicles, the serial production of which is scheduled to begin in 2005. In this regard, and taking into account the increase in production volumes for the assembly of VAZ vehicles, contracts were signed for the construction of a high-tech painting complex in the city of Lutsk. \nIn the city of Zaporizhzhia, a welding complex for VAZ-21093 and VAZ-21099 vehicles was built, which is the property of JSC "LuAZ". Thus, it was possible to resolve the issue of organizing the production of VAZ vehicles in a full cycle, and 2004 confirmed the correctness of this decision. \nIn the reporting period, the Supervisory Board and the Board of Directors did not confine themselves to resolving only production issues. Also in the center of attention were social issues relating to the conditions for transferring ownership of property to residents of the dormitories of JSC "LuAZ", payment for the education of plant employees' children in higher educational institutions, and the provision of material assistance to plant employees and veterans of the Great Patriotic War. \nIn general, during the reporting period, at the meetings of the Supervisory Board and the Board of Directors, such issues as the arrangement of innovation and investment loans, the signing of a contract for the supply of equipment and the construction of a painting complex, the conclusion of agreements on the sale of shares of JSC "LuAZ" of an additional issue, the approval of the company's management scheme and the introduction of amendments thereto, and others were submitted for discussion, which made it possible to systematize their work, coordinate the plant's actions with other commercial structures, and focus the team on the successful fulfillment of assigned production tasks. \nThe general meeting of shareholders introduced changes and additions to the company's charter, and also elected members of the management bodies of JSC "LuAZ". \nAt the first meeting of the Supervisory Board of JSC "LuAZ", Volodymyr Hunchyk was elected its chairman, and Ivan Hrytsanchuk was appointed general director of the automobile plant. \n \n