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.
Max Hunder is a business reporter at the Kyiv Independent. He previously worked as a business reporter at the Kyiv Post focusing on infrastructure and energy. He is a graduate of Eton College and University College London, and has reported for international publications from London, Kyiv and Yerevan.
President Volodymyr Zelensky arrived in Rome on July 9 and is set to meet with Pope Leo XIV, Suspilne broadcaster reported, citing the presidential spokesperson.
Internal Pentagon documents reportedly revealed that the Army has boosted its planned purchases of the most advanced Patriot interceptors from 3,376 to 13,773.
The Kyiv Independent’s Chris York speaks with former U.S. National Security Advisor John Bolton about U.S. President Donald Trump’s failure to bring peace to Ukraine — and his next steps on Russia's war.
The poll, conducted on July 4 and 5, found that 73% of Ukrainians trust Valerii Zaluzhnyi, who was dismissed as commander-in-chief in February 2024 but continues to command strong public support.
Ukraine's Cabinet of Ministers rejected a nominee to lead the economic crimes agency, drawing swift criticism from lawmakers and businesses over alleged interference in the selection process.
Russia launched another mass missile and drone attack overnight on July 9, targeting Ukrainian cities, including in the country's far-west regions located hundreds of kilometers from the front line.
The ruling also found Russia responsible for the deadly downing of Flight MH17, a Malaysian airliner shot down by Russian proxy forces in Ukraine in July 2014.
