29213
Ukraine Leader Wealthier
World Economy

Ukraine Leader Wealthier

 The value of Ukrainian President Petro Poroshenko’s assets soared despite economic crisis and conflict while those of other tycoons shrank in an annual wealth list published Friday, AFP reported. The 50-year-old western-backed president’s business empire ranges from chocolates to media holdings still under his control. Friday’s independent Novoye Vremya weekly showed the Ukrainian leader—often criticized for failing to curb the political powers of fellow tycoons—ranked as the country’s sixth-richest man. His assets reportedly rose by 20% to $979 million, only just supporting his claim he is no longer a billionaire. Poroshenko retains control of a top TV channel and has failed to follow through on his promise to sell off his Roshen chocolate empire due to a lack of foreign interest and a dearth of rich-enough investors in Ukraine itself. “Poroshenko’s (wealth) rose thanks to the rise in value of his candy business that—even in the midst of the deepest of crises—is developing quickly, building new capacities and conquering new markets,” the weekly said.

 

Short URL : http://goo.gl/T5SAH7
  1. http://goo.gl/8899x8
  • http://goo.gl/g4Tt5w
  • http://goo.gl/LIuuCL
  • http://goo.gl/61rjK1
  • http://goo.gl/yPU45W

You can also read ...

Westinghouse Electric, the leading US nuclear fuel producer, said it relies on China for zirconium and zirconium powder  for use in nuclear fuel assemblies
A broad cross-section of US businesses has a message for the...
UK Business Pessimism Rising
Business leaders’ confidence in the British economy has fallen...
Budget Blowout a Hard Sell for Italy
Italy’s populist government has big plans for its first budget...
Irish Economy in Post-Recovery Stage
The economy is in a strong position and has moved into a post-...
Turkey, Qatar in Currency Swap Deal
The central banks of Qatar and Turkey signed a currency swap...
Brazil Food Co. Sells Subsidiary for $2.4 Billion
Brazilian meatpacker Marfrig Global Foods said on Monday it...
Argentina Lacks Options to Defend Peso
With interest rates sky-high and the economy heading for...
International Labor Organization has called for stronger...

Trending

Googleplus