As of 26.03.04, 68 industrial enterprises, 48 trade and public catering enterprises, 19 in the construction sector, and 11 in the housing and communal services sector remain loss-making in the Volyn region. This was discussed today at a staff meeting at the regional state administration regarding the consideration of the issue "On the state of implementation of a separate instruction of the Prime Minister of Ukraine regarding the analysis of the causes of unprofitable activity of business entities." If at the beginning of the year in the region, out of the total number of business entities, taking into account uncovered losses of previous years, there were almost 300 such enterprises (5% of the total number), then as of March 19 of the current year their number decreased by 4%. The amount of losses at the beginning of 2004, taking into account previous years, was almost 95 million hryvnias. The total amount of declared losses as of March 19 was 38.4 million hryvnias. 110 taxpayers independently eliminated losses in the amount of 9.8 million hryvnias, including 2.8 million of 2003 losses. Of the 17 enterprises operating in the registered priority development territory (Novovolynsk), having received significant foreign investments, 7 operate at a loss. According to the results of a comprehensive analysis of the financial and economic activity of taxpayers, it was established that the most common cause of absence of profits is uncompensated losses of previous years, by which the object of taxation of the current year is reduced.