Cabinet okays arms trader Ukrspecexport's budget for 2018
Ukraine's Cabinet of Ministers on December 27 approved the financial plan of state-owned arms trading firm Ukrspecexport for 2018.
The government projects that Ukrspecexport's net revenue in 2017 will be UAH 1.33 billion, which is 12.7% up on the target of 2017, a government source told Interfax-Ukraine.
Its net project next year is projected at UAH 132.69 million, which will be 13.1% up on 2017.
Ukrspecexport's portfolio of orders for 2018 is 5% larger than the target in 2017, however, the planned supply of equipment and services to the Armed Forces of Ukraine next year as part of the state order will remain at the level of 2017.
Ukrspecexport is an authorized state intermediary in exports and imports of goods and services that are subject to export control.
In December 2010, Ukrspecexport and its subsidiaries were included in state-owned Ukroboronprom Concern.
In 2016, Ukrspecexport posted UAH 108.03 million in net profit under the Ukrainian accounting standards, which was 17.58% up on 2015. Its net revenue grew by 16.95%, to UAH 2.105 billion.
Advertising
Advertising
MORE ABOUT
Ministry of Finance refuses to equalize tax capacity of communities in 2025 based on population size
19:43, 16.04.2024
Biden requesting $1.5 bln from Congress for 2025 fiscal year to combat Russia’s influence
19:50, 11.03.2024
Measures to increase state budget receipts in 2024 by UAH 44.2 bln include increase in war tax, excise taxes – Ministry of Finance
14:44, 04.03.2024
Ukraine's state budget deficit in Jan 2023 down to UAH 14.9 bln due to lack of funding – Ministry of Finance
16:34, 05.02.2024
Additional needs for mobilization and rearmament in 2024 estimated at approximately UAH 700 bln – head of Rada Budget Committee
17:36, 02.02.2024
LATEST
New EU sanctions will apply to supplies of manganese ore and aluminum oxide to Russia – Latvian authorities
21:07, 03.05.2024
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
Ukrainian coal could be exported due to shutdown of Centerenergo in Russian heavy shelling – Minister of Energy
19:26, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
DIM company accredits houses under construction in eOselia program