UKRAINE CONFECTIONERY SECTOR STRUGGLES AS ‘CHOCOLATE KING’ PRESIDENT SELLS INDUSTRY ASSETS
February 8th, 2015
In a country embroiled in an ugly armed conflict, the issue of confectionery may seem at first glance to be superfluous. In Ukraine, though, that is anything but the case.Not only is confectionery a key industry for the country, but it is a highly politicised one. The conflict with Russia led to a trade embargo that is affecting the industry, but, above all, Ukraine's President Petro Poroshenko is widely known as the ‘Chocolate King’, and founder of the country's biggest confectionery company, Roshen. Other Ukraine MPs have major stakes in a number of smaller ...
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