Ukrburshtyn returns to state control

The amber mining enterprise Ukrburshtyn is once again returning to state control. This was announced by the Minister of Economic Development and Trade Aivaras Abromavichus.

«Мы это сделали! После 12 лет банкротства и санации Укрбурштын возвращается под контроль государства Украина» (We did it! After 12 years of bankruptcy and rehabilitation, Ukrburshtyn is returning to the control of the state of Ukraine), wrote Abromavichus on his internet page.

The company had been undergoing rehabilitation for 10 years. Amber in Ukraine was primarily mined illegally. The country lost millions of dollars annually as a result.