The Power Within: The Kyiv Independent’s first-ever magazine. Be among the first to get it.

pre-order now
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

6:34 PM

Expert negotiator dissects Ukraine-Russia ceasefire talks.

The Kyiv Independent’s Chris York sits down with Marty Latz, an expert negotiator who has spent decades examining the techniques U.S. President Donald Trump has used to make deals, to discuss Trump's negotiation techniques as he tries to broker a ceasefire between Ukraine and Russia.
5:04 PM

Ukraine denies Russian accusations of ceasefire violation.

"It should be highlighted that the military department of the aggressor country is spreading false and groundless accusations in order to prolong the war, continue false propaganda and typical Russian attempts to deceive the world," Ukraine's General Staff said.
3:48 PM

EBRD approves $290 million loan for Ukraine's gas.

The European Bank for Reconstruction and Development (EBRD) on March 26 approved a loan of 270 million euros ($290 million) for Ukraine's Naftogaz to purchase gas for the next two winters, Prime Minister Denys Shmyhal said.
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.