Five years before Ukrainian President Petro Poroshenko’s chocolate empire Roshen started in 1996, a company was founded in Donetsk that became the first – and, at the time, only – cocoa importer and supplier to chocolate factories across Ukraine in 1991.
By 1994, it began producing its own chocolate and other confectionery products. Its name was AVK Private Joint Stock Company. In the fall of 2016, the brand celebrated 25 years as AVK Confectionery Limited Liability Company.
According to Roshen, the confectionery business in Ukraine racked up sales of roughly $1.5 billion in 2014. With hryvnia devaluation, that number likely declined in the last two years.