Source Pravda.Ru

Ukrainian tycoon tired of government perturbations fears for his business

Viktor Pinchuk, the tycoon son-in-law of former Ukrainian President Leonid Kuchma, hopes the country's new government will create a better climate for Ukrainian and foreign businesses.

Former Prime Minister Yulia Tymoshenko, dismissed last week by President Viktor Yushchenko along with her government, had initiated a legal battle to try to seize Pinchuk's metals factories as part of her government's review of questionable privatization deals. Pinchuk accused Tymoshenko of using the program to wage a personal vendetta against him.

"We have now (had) a very important, very expensive lesson," Pinchuk told then. "Now we have to go ahead. We have a second chance."

Yushchenko tapped a former economist, Yuriy Yekhanurov, to replace Tymoshenko, and announced Tuesday that he was reversing Tymoshenko's policy of reconsidering past privatization deals.

"It is never too late to win," said Pinchuk, who became the Tymoshenko government's enemy No. 1.

Yekhanurov "understands very well how important the investment climate is to the country and he has a chance to stop the recession in the economy and move forward," Pinchuk said.

Pinchuk also said he was hopeful that Yekhanurov's government would be more receptive to reaching an agreement with him over the properties it claims he bought illegally under Kuchma.

Last month, the Ukrainian government set a US$2 billion starting price for a 93.2 percent stake in Ukraine's largest steel producer, Kryvorizhstal. The mill had been controlled by Pinchuk and another tycoon, Rinat Akhmetov, but a Ukrainian court ruled that its 2003 privatization was marred by numerous violations. Pinchuk still has an appeal before Ukraine's High Court and the European Court of Human Rights.

"To carry out another tender, I will not say this lightly, it is adventurism," Pinchuk said. "The property is ours. No serious investors could in principle participate in the sale of such a property."

Another Pinchuk business, the Nikopol steel mill, sparked a crisis in Tymoshenko's government, when she was accused of intervening to help a minority shareholder gain key management seats after a court approved the renationalization. Yushchenko described Tymoshenko's alleged mishandling of the Nikopol renationalization as "the last straw" before she was dismissed. She has denied the accusations.

Pinchuk said that while he was more hopeful now that the business climate would improve, a threat still existed, particularly with the March parliamentary elections on the horizon.

He also said that he expected more business leaders to seek a place in parliament, particularly to secure the legal immunity that comes with legislative service, the AP reports.

Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA

In recent years, genetics has become a cutting-edge science, not only in the professional field of biology, but also because of the enormous social reach of its discoveries and approaches. Not in vain, practically every day the press offers us the discovery of a new gene, a new hereditary determinant directly involved in the manifestation of diseases or physical characteristics.

The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Comments
USA no longer wants Bashar Assad to go
Putin to Sobchak: We will never let them turn Russia into another Ukraine
North Korea declares victory over USA
Visit to Moscow: Tillerson takes secret offer for Putin
Turkish President Erdogan issues ultimatum to Washington and Brussels
The need for a Global Political Agenda 2018
Pentagon can not accept Russia's victory over terrorists in Syria
Pentagon can not accept Russia's victory over terrorists in Syria
Putin: Russia will continue spending enough on defence not to be killed
Italy: Free fall
Tel Aviv, Jerusalem, capitals and puppets
North Korea declares victory over USA
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Russia unveils the date for the launch of the superbridge to Crimea
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin: Russia will continue spending enough on defence not to be killed
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Turkish President Erdogan issues ultimatum to Washington and Brussels
New Syria to be born in Russia's Sochi