Skip to content
Edit post

Kyiv’s state-owned Elektronmash factory auctioned off for $37 million on Nov. 12

by Max Hunder November 14, 2021 5:26 PM 1 min read
(Elektronmash/ Facebook)
This audio is created with AI assistance

The buyer is Lorten Group, an obscure business entity with registered capital of less than $4. The company will take on the factory’s $36 million debts.

The plant once employed over 10,000 workers and was one of the largest computer producers in the Soviet Union. In the past 30 years, it drastically scaled back operations and has lately produced gas and electricity meters with a staff of 140.

News Feed

6:41 AM

Ukrainian FM calls Putin’s remarks on Zelensky’s legitimacy 'absurd'.

"Putin's remarks about the legitimacy of Ukraine's President are absurd. During his quarter-century stay in the Kremlin, Ukraine saw three presidents change in fair elections; President Trump returned for a second term after an impressive victory. This is democracy and legitimacy," Foreign Minister Andrii wrote in a post on X on Feb. 2.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.