Government demands revision of Odesa port's fiscal plan holding international audit, reducing non-core investment
Ukraine's Cabinet of Ministers has not approved the financial plan of Odesa maritime merchant port and sent it back for revision.
The port head at a cabinet meeting promulgated the port's projected performance for 2016: its net profit is estimated at UAH 329.6 million, which is 10% more than in 2015.
The revenue part of the fiscal plan is UAH 767.9 million, expenses came to UAH 438.3 million.
Meanwhile, during the discussion Prime Minister of Ukraine Arseniy Yatseniuk found a list of non-core investment in the document. In particular, in 2016 it is planned to spend UAH 60 million on the repair of Odesa Hotel, which is on the balance sheet of the port.
Yatseniuk said the hotel could be excluded from the list of objects that are not subject to privatization, sold and repaired by a new owner.
Costs for the renovation of the Chabanka recreation center were foreseen in the fiscal plan under the same principle. Minister of Infrastructure Andriy Pyvovarsky noted it is planned to transfer the center to the management of the State Border Guard Service.
