KyivPost

Corporate raiding hurts investment

Print version
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.
Announcement To Readers

Since 1995, the Kyiv Post has been the world's window on Ukraine. Please support the newspaper’s quality, independent journalism with a digital subscription. Subscribers receive unlimited access to all stories, archives and PDFs from the Kyiv Post's staff writers and news services.
More info.

12 months
1 month
$50.00Pay $20.00Pay
The Kyiv Post is hosting comments to foster lively debate. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. If you think that a posted comment violates these standards, please flag it and alert us. We will take steps to block violators.
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,”

Read more: http://www.kyivpost.com/news/business/bus_focus/detail/121756/#ixzz1lIq2NolQ

{# <-- parent id goes here
AL BALA Feb. 3, 2012, 9:50 a.m.    

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

Read more: http://www.kyivpost.com/news/business/bus_focus/detail/121756/20/page/1/#comments#ixzz1lIqZCDVy

{# <-- parent id goes here
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.

{# <-- parent id goes here
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.

http://eastbook.eu/en/2012/01/material-en/news-en/serhyi-leshchenko-tax-haven-of-yanukovych-and-kluyev/

Read more:

http://www.kyivpost.com/news/business/bus_general/detail/121122/#ixzz1lJ71lDe1

{# <-- parent id goes here
Frank Fileccia Feb. 4, 2012, 2:44 a.m.    

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

{# <-- parent id goes here
Mykhayl Feb. 9, 2012, 4:08 a.m.    

KYIV POST,

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.

{# <-- parent id goes here

KyivPost

© 1995–2014 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at news@kyivpost.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.