Corporate raiding hurts investment

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Feb. 3, 2012, 12:11 a.m. | Business — by Jakub Parusinski

ArcelorMittal, the World's biggest steel producer, bought the Kryvyi Rih mill, Ukraine's largest, for $4,8 billion in 2005.
© Courtesy

On Jan. 25, police raided the Odesa plant of Stalkanat Silur, a steel rope and wire producer, seizing documents from the plant’s administrative building.
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AL BALA Feb. 3, 2012, 9:48 a.m.    

“If we look at what appears in the press of late, then news of corporate raiding has been appearing more frequently, involving people with ties to the authorities, who hold positions, like in the tax offices, or simply connected to tax inspectors, or working in law enforcement. Recently, law enforcement forces are not fulfilling their primary function, but rather carrying out someone’s orders,”

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AL BALA Feb. 3, 2012, 9:50 a.m.    

But critics of the country’s authorities say raids are used against political rivals

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harley Feb. 3, 2012, 10:53 a.m.    

What a sad situation; where workers need to fight off police in order to keep their jobs! Yanukovych and his cronies are destroying civil society and also the economy; and it is unfortunate because Ukraine has the resources to be a great country.

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AL BALA Feb. 3, 2012, 10:57 a.m.    

Stalin said : Everything is GREAT today in our GREAT country. And, &quot;GREAT&quot; Russians are GREAT.

Yanukovych says: Everything will be great TOMORROW. And, there are no Ukrainians, only &quot;little Russians&quot;.

Serhyi Leshchenko: Tax Haven of Yanukovych and Kluyev

Another significant example of business shared by the politicians concerns dealings between Serhiy Kluyev and Viktor Yanukovych while the former bought an apartment of the latter, paying the apparently inflated price of USD 7 million. The transaction seemed to be an attempt to make the income of the future head of state legitimate.

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Frank Fileccia Feb. 4, 2012, 2:44 a.m.    

I find it very sad that Ukraine is now ranked worse than NIGERIA for corruption. :-(((

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Mykhayl Feb. 9, 2012, 4:08 a.m.    


If the name of this news agency is translated and transliteration

from vernacular Ukrainian, why then on your banner is this Capital's

forecast labeled 'Weather Kiev' translated and transliterated from

archaic [Old} Slavonic? You are a NEWs agency not anthology.

Brian and Musketeers,

Are you hedging the fence to see if you are to be;

'naturalize' or 'nationalize' Ukrainians?

Despite the Soviet raised inferiority complex psychology

aboriginal Rus'yns AKA Ukrainian do care, leading to their

passive aggression. Is the KP's holy trinity prepared to publish

in English, Ukrainian AND Slavonic?

No, Russian is an afterthought not formation roots.

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