Business news from Ukraine

Business news from Ukraine

Pavlo Baloha buys all real estate of Mukachevo knitwear factory “Mriya” at residual value

The owner of JSC “Mukachevo Knitting Factory ”Mriya‘’ (Zakarpattia region) will sell all the real estate of the factory to the recently established local LLC “Citygoal” at the residual value, which at the end of 2025 amounted to UAH 14.065 million.

According to information in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the relevant decision was made at an extraordinary general meeting of shareholders on February 12, which was attended by one person – the owner of 99.86579% of the company’s authorized capital.

According to YouControl, Citygoal LLC was registered in Mukachevo in July last year with a share capital of UAH 20 million and its main activity being “construction of residential and non-residential premises.”

The owners of the company are Ivan Lilik – 33%, Mykola Medvid – 22%, and Pavlo Viktorovich Baloha – 45% (coinciding with the patronymic and surname of the son of the non-factional MP, former Minister of Emergency Situations, former head of the Transcarpathian Regional State Administration Viktor Baloha), who is listed as the ultimate beneficiary of this company.

According to information on the Mukachevo City Council website, on December 27, 2025, he granted permission to MTF Mriya to develop a detailed plan for the territory “to determine the possibility of building a multi-apartment residential complex with commercial, entertainment, and market infrastructure facilities.”

As reported, in November 2025, the owner of more than 98.87% of the shares of JSC “Mukachevo Knitting Factory ”Mriya,” which had been owned by the Lithuanian Utyanos Trikotazas, became the locally registered LLC Translum, owned by local entrepreneur Vladislav Vitvinov.

The general meeting of JSC “MTF ”Mriya” also decided to grant consent to the company’s director and supervisory board to sell the company’s movable property at a price not lower than its residual value (UAH 1.3 million at the end of 2025).

The announcement does not name the buyer of the movable property, but according to the draft decisions published in the announcement of the meeting, it was planned to sell this asset to the local company Teksto LLC, which, according to YouControl, was established in December last year with a statutory capital of UAH 1 million and its main activity being “underwear manufacturing.”

The owners of Teksto LLC are Mykola Medvid and Ivan Lilik (50% each).

The Mukachevo knitwear factory Mriya, which manufactures knitwear, was founded in 1973. Since 2005, it has been a subsidiary of Utyanos Trikotazas, which supplied raw materials and was the main buyer of its products.

In 2024, the factory incurred losses of UAH 7.4 million (46.6% less than in 2023) and reduced its net income by 15% to UAH 20 million. In January-September 2025, according to YouControl, its net income amounted to UAH 23 million, with losses of UAH 8.5 million.

As of early 2025, the factory employed 84 people, compared to 113 a year ago.

The authorized capital of JSC MTF Mriya is UAH 5.13 million.

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