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Main  /  News  / 
22.07.21
Reasons for the bankruptcy of ChSY
Reasons for the bankruptcy of ChSY user/common.seoImage

On 25 June 2021, the Economic Court of Mykolaiv region confirmed the liquidation of Chernomorsky Shipbuilding Yard PJSC (hereinafter referred to as ChSY).

Among the main reasons that led to the bankruptcy and further winding up of ChSY the following can be named:

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  • the crisis in the Ukrainian shipbuilding sector that was a result of the global economic recession of 2008 and the tragic events in Ukraine in 2014
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  • cessation of state financing for the corvette-class shipbuilding program
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  • unfriendly actions of Poroshenko’s authorities in order to take the company under their control and exert influence on the opposition politician Vadym Novynskyi through pressure on business.

 

To read more about the main reasons for the involuntary bankruptcy of ChSY, follow the link: https://chsz.smart-holding.com/en/.

24.02.26
UAH 3.1 billion to support Ukraine
The Group's companies have transferred to support Ukraine during last 4 years.
12.01.26
Why Cyprus' EU presidency is important for Ukraine's future
Andreas Sophocleus, trust manager of Smart Holding and founder of the Kepaky charitable foundation, emphasizes that investors are ready to work in Ukraine, invest and create jobs even during the war. But they need something that no company can provide on its own — political and regulatory stability. And this must be implemented already, and not wait for better times.
18.12.25
The State Budget of Ukraine Received 41% Less Taxes from Smart Holding in the First 9 Months of 2025
As of January–September 2025, the Group’s companies paid 543 million UAH in taxes, which is 41% less than in the same period last year (915 million UAH). This reduction occurred, among other reasons, due to increased government pressure and the blocking of gas production assets of the publicly listed British company Enwell Energy.