Regional Development Ministry: Housing and utilities enterprises see Hr 3 billion losses in 2012

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Sept. 18, 2012, 3:58 p.m. | Ukraine Politics — by Interfax-Ukraine

Anatoliy Blyzniuk, head of Regional Development, Construction, Housing and Utilities Ministry


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The losses of the housing and utilities enterprise since the beginning of 2012 now total over Hr 3 billion, with the biggest losses, worth a total of Hr 1.9 billion and Hr 1 billion, were run up by municipal heating energy enterprises and water and sewage utilities systems respectively.

According to a press release of the Regional Development, Construction, Housing and Utilities Ministry, among the regions with biggest losses have are Donetsk (Hr 872.3 million), Luhansk (Hr 305.9 million) and Odesa region (Hr 164.7 million), and Autonomous Republic of Crimea (Hr 194.2 million). The smallest losses were in Zakarpattia (Hr 8.5 million), Chernivtsi (Hr 21.3 million), and in Sumy region (Hr 29.2 million).

"Despite being prepared for winter with 'a firm B', there are questions that could disrupt normal work. This is a financial state of the enterprises. For example, Donetsk region has Hr 872 million in losses, Luhansk region – Hr 306 million, Dnipropetrovsk region – Hr 293 million, and Kyiv – Hr 202 million. Donetsk region has more losses than these three regions together. There's no point in setting the task of getting a change in tariffs. Work on improving the level of profitability of enterprises. I don't see definite actions improving the situation," the ministry's press service quotes its minister, Anatoliy Blyzniuk, as saying.

According to Blyzniuk, Hr 2.2 billion of Hr 6.9 billion of state funds was used to pay off the margin in tariffs. Moreover, recently Finance Ministry settled payments of over Hr 700 million.

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