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The oldest bicycle factory in Ukraine is on the verge of bankruptcy

Photo: facebook/Kharkiv Bicycle Plant

The company owes the individual businessman 700 thousand hryvnias. The court decided to start the trial.

The court opened bankruptcy proceedings at Kharkov Bicycle Plant PrJSC, which produced bicycles under the Ukrainian brand. This was discussed in the decision of the Economic Court of the Kharkov region dated March 15.

The document states that the court made this decision at the request of individual entrepreneur Elena Khomenko, to whom the company owes UAH 700,000.


The Kharkov Bicycle Factory was created in November 1923 on the basis of the Leitner bicycle factory, which was evacuated from Riga during the First World War and nationalized. In 1926, the company began to produce a Ukrainian bicycle model. Other well-known models are Tourist, Sputnik, Progress, Sport. The current company was founded in 1993 by restructuring the rental enterprise of the Kharkov Bicycle Plant named. GI Petrovsky.

It was previously reported that the court had opened bankruptcy proceedings for UIA.

In Ukraine in 2023, three times less companies closed than before the war

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Source: korrespondent

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