Annual Financial and Operational Report of ME "Volynpryrodresurs" (VPR) for 2024 Compared to 2023
Efficiency of VPR’s Operations
The Municipal Enterprise “Volynpryrodresurs” of the Volyn Regional Council (VPR) is an example of the effective use of natural resources for the development of the region. The enterprise was established in 2016 to organize the legal extraction of amber, which played a key role in combating illegal mining that had caused significant damage to both the economy and the environment of Volyn region. Legal extraction and cooperation with government authorities have helped to curb the activity of “illegal amber diggers,” preserve natural resources, and ensure transparency of processes.
The enterprise's operations hold significant importance for both regional economic development and ensuring environmental safety and social stability. It actively contributes to economic growth, replenishment of budgets at all levels, and creation of new jobs, while strictly adhering to environmental standards, conducting land reclamation after extraction completion, which allows for ecosystem restoration and prevention of soil degradation.
The Municipal Enterprise "Volynpryrodresurs" of the Volyn Regional Council places special emphasis on ensuring transparency and openness in its operations, which are essential components of effective management and foster trust from the public, oversight bodies, and partners. One of the key tools in this process is the regular publication of information on the enterprise's official website (vpr.ua), where reports on completed works, financial indicators, and results of environmental impact monitoring studies are available. These include data on soil conditions, groundwater levels, ecosystem impacts, and other environmental aspects. Information on all procurements and tender processes is also public and accessible for verification.
During the wartime period, despite challenges, the enterprise has maintained operational efficiency by accumulating resources and adapting to new conditions. A comparison of 2023 and 2024 indicators confirms that the enterprise continues to fulfill its tasks, retaining its strategic importance for the region and the state.
Comparison of Financial and Economic Indicators for 2023 and 2024
The provided data presents the financial and economic indicators for 2024, along with a comparison of these indicators to those of 2023, including breakdowns by joint activity agreements.
Royalty Payments to the Budgets of Territorial Communities
The enterprise transfers royalties from the extraction of mineral resources to the budgets of territorial communities, contributing to infrastructure development, improvement of social services, and the well-being of the region's residents. Achieving these results is facilitated by effective cooperation between the enterprise, local self-government bodies, and the public, as well as ensuring access to lands that enable project implementation in accordance with environmental and legal standards.
In 2024, the Municipal Enterprise "Volynpryrodresurs" of the Volyn Regional Council continued successful amber and peat extraction. Therefore, we present financial and economic performance indicators, including those related to the implementation of joint activity agreements with LLC "Mineral Extraction" and LLC "Agrobiostandart," the legal successors of the State Enterprise "Volyntorf."
Amber Extraction and Revenue from Its Sales
In 2024, under the joint activity agreement with LLC "Mineral Extraction," the Municipal Enterprise "Volynpryrodresurs" extracted 6,754.524 kg of amber of various fractions and quality groups, sold 6,246.120 kg for a total of 58.859 million UAH. As of December 31, 2024, the amber stock in the warehouse amounted to 1,159.628 kg.
For the same period in 2023, 14,667.280 kg of amber of various fractions and quality groups were extracted, with 15,939.789 kg sold for a total of 114.252 million UAH. As of December 31, 2023, the amber stock in the warehouse was 651.224 kg.
The sale of amber of various fractions and quality groups is conducted in accordance with the prices approved by the classifier of the State Gemological Center of the Ministry of Finance of Ukraine.
The provided information includes data on the volumes of amber sold in Ukraine and exported to other countries, namely China and Poland.
Sale of Peat and Peat Briquettes, Revenue from Sales
The sale of peat and peat briquettes is a key activity of the enterprise, ensuring stable contributions to local budgets and supporting the economic development of the region. Thanks to the high quality of the products and the growing demand for environmentally friendly fuel, the enterprise promotes the implementation of sustainable energy solutions for the community.
In 2024, extraction continued at the "Velyke Bahno" deposit in the Kolky community, which serves as the raw material base for the Manevychi peat briquette plant, and at the "Koza-Berezyna" peat bog in the Kamian-Kashyrskyi district, which is the raw material base for the peat briquette plant in Prylisne. A total of 50,771.3 metric tonnes of milled peat were extracted.
ME "Volynpryrodresurs" Shares Its Expertise
The Municipal Enterprise "Volynpryrodresurs" actively engages with the media and collaborates with journalists, participating in the organization of events for students, pupils, and researchers aimed at raising environmental awareness and providing practical training for youth. Specifically, the enterprise regularly conducts off-site seminars at its extraction sites, where participants can learn about the processes of amber and peat extraction, their processing methods, and reclamation efforts.
During familiarization visits, Ukrainian and international journalists had the opportunity to observe the amber and peat extraction processes, as well as visit reclaimed territories, peat plants, and the amber enrichment and processing facility. Additionally, as part of the "My Axiom of Infinity" project, the enterprise hosted young researchers and students from the Earth Sciences, Ecology, and Agricultural Sciences Department of the Volyn Junior Academy of Sciences. Students from Volyn, Kniahynyniv, Kivertsi No. 3, and Pidhaitsi lyceums visited the Amber Enrichment and Processing Plant and the Manevychi Peat Plant, where they could witness firsthand the amber processing and peat-to-briquette conversion processes.
Young ecologists from the clubs of the Volyn Regional Ecological and Naturalist Center also explored practical aspects of the environmentally responsible use of natural resources. Furthermore, members of the tourism club of the Kolky Town Council Center for Children's and Youth Development and Creativity had the chance to visit the production facilities, fostering their environmental awareness and expanding their knowledge. An excursion was also organized in collaboration with Lesya Ukrainka Volyn National University.
These regular familiarization events demonstrate the openness of ME "Volynpryrodresurs" to collaboration with diverse audiences, from journalists to youth and researchers. The Municipal Enterprise "Volynpryrodresurs" of the Volyn Regional Council sincerely thanks everyone who has visited our enterprise. We are grateful to journalists, ecologists, young researchers, students, and club members for their interest in our activities. Your visits inspire us to maintain openness, drive development, and improve our extraction processes!
Year-End Summary: Results of Environmental Monitoring
The Municipal Enterprise "Volynpryrodresurs" has been actively collaborating with Lesya Ukrainka Volyn National University for many years to conduct environmental monitoring of areas where mineral extraction takes place. This collaboration enables an objective assessment of the enterprise's operational impact on the environment and ensures compliance with environmental standards. Research results conducted by university scientists confirm that the activities of ME "Volynpryrodresurs" do not harm the natural environment, ensuring environmental responsibility and transparency in operations. In 2024, a roundtable discussion was held with university representatives and the enterprise's director to review these findings.
More details at the link: Year-End Summary: Successful Cooperation Between ME "Volynpryrodresurs" and Lesya Ukrainka Volyn National University, Results of Environmental Monitoring
A key aspect of this cooperation is not only the confirmation of the environmental safety of extraction activities, but also the engagement of university students in practical work. Young specialists participate in monitoring studies, which not only contribute to their training, but also provide the enterprise with new ideas for implementing environmentally sound solutions.
A major achievement is the transparency of processes. All research results are regularly published on the enterprise’s official website, allowing the public to verify compliance with environmental standards.
Dividends from Profit Paid to the Volyn Regional Council
In 2024, VPR transferred UAH 4,790,995.00 to the general fund of the Volyn Regional Budget, representing 15% of net profit based on the results of quarterly financial and business activities. In 2023, this contribution amounted to UAH 4,361,321.00.
In 2024, VPR achieved positive financial results and fully met its obligations in paying taxes to the state treasury.
Trademark and Brand Identity
One of the significant achievements of the team was the registration of the trademark. The enterprise not only focuses on preserving and rationally using the wealth of our land but also keeps pace with the times.
The trademark promotes the enterprise and its unique recognizability.
The enterprise’s logo consists of the abbreviation of its name, "Volynpryrodresurs," in English letters "VPR," combined with a stylized graphic image of a bucket, symbolizing the type of activity and the specifics of the work.
Under our trademark, we promote the riches of the Volyn land: amber, peat, and other mineral resources. We are proud to work for the benefit of the Volyn region and all of Ukraine. Obtaining the trademark is not only our achievement but also confirmation that we are moving toward the future.