The Antimonopoly Committee of Ukraine has allowed the company SV Motors Ltd (Great Britain) to acquire more than 50% of the shares of the Lutsk Automobile Plant. \nThe Antimonopoly Committee reported that SV Motors Ltd is engaged in investment activity and does not operate on the Ukrainian market. \nIn November 2004, President of Ukraine Leonid Kuchma by his decree renewed LuAZ's investment program, which had been canceled on October 1, 2003. \nThe investment program envisages a contribution to its production of 495.994 million UAH until 2007. The investors intend to be the "Ukrainian Industrial-Investment Concern" - 41 million UAH, and the company SV Motors Ltd - 119 million UAH. \nIn April 2000, the "Ukrainian Industrial-Investment Concern" bought 81.11% of LuAZ's shares. According to data as of May 2004, the owner of 64.68% of the shares was LuAZ itself, and 16% of its shares belonged to the company "Ukrainian Automobile Holding". \nThe Lutsk Automobile Plant specializes in the assembly of VAZ and UAZ automobiles, as well as the production of LuAZ off-road vehicles. Last year LuAZ ended with a net profit of 10.425 million UAH, increasing net income 21.8 times to 286.965 million UAH. This is reported by "Korrespondent.net". \n
SV MOTORS LTD will acquire a controlling stake in the Lutsk Automobile Plant
Economy · 01:36 06.10.2010 Food prices have gone crazy. Who is to blame?It is obvious that it was in September that producers and traders decided to shift all their problems onto the consumer, who had returned from vacations and gone to work, schools and kindergartens. Now traders are watching how the buyer will react to the new prices. | |
Economy · 14:09 03.03.2010 No indicator of the 2009 budget was fulfilledThe 2009 state budget was not implemented as a law, since none of its planned indicators were fulfilled. \n \nThis was stated by the head of the Accounting Chamber, Valentyn Symonenko, reports the "Ukrinform" agency. | |
Economy · 12:29 04.02.2010 Cabinet again "painted" implementation of the budgetNotably, Naftogaz ignored the request. A suspicion arises that it was precisely the "gas" money together with the artificial understatement of the plan that helped the Cabinet of Ministers meet the January budget for revenues. Consequently, the government continues to live beyond its means. | |
Economy · 05:49 15.09.2009 Is Khoroshkovsky buying MTV Ukraine?The Antimonopoly Committee of Ukraine allowed UA Inter Media Group Limited to acquire the Cypriot company Flaner Ventures Limited. \n \nThis is stated in the announcement of the AMCU, published on September 11. |