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

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

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

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
5:17 PM

Ukraine increases defense spending by almost $12 billion in 2024.

"Financing the needs of Ukrainian forces is now a top priority. Additional funds for weapons, fortifications, and salaries for servicemen are a critical component of countering the military aggression of the Russian Federation against Ukraine," Deputy Defense Minister Yurii Dzhyhyr said.
1:38 AM

Zelensky, Trump hold call, discuss future of US support.

President Volodymyr Zelensky and Donald Trump, former U.S. president and Republican presidential nominee, held a phone call on July 19, five years after a fateful 2019 phone call between the two led to Trump’s first impeachment.
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
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.