Tariel Vasadze
Encyclopedia
Tariel Shakrovych Vasadze is a Ukrainian
businessman of Georgian
descent, chairman and main shareholder of the UkrAVTO JSC
and UkrAVTO Group. He was the chief executive of UkrAVTO since 1983, leading this once state-owned company through privatization
and restructuring to a role of Ukraine's main automobile manufacturer, servicer and importer. Later Vasadze's business was diversified by entering the insurance
market. His wealth was estimated in 2007 at being around US$ 780 million. But because car sales in Ukraine during 2009 fell by 72 percent his wealth was late 2010 estimated at US$ 230 million.
Vasadze participates in Ukrainian politics
, first as an advisor to Prime Minister
Anatoliy Kinakh
in 2002. Also in 2002 he was elected
a member of the Verkhovna Rada
(parliament) for For United Ukraine
. Then he joined six factions and/or parliamentary groups: including the For United Ukraine faction, Labour Ukraine
and Party of Industrialists and Entrepreneurs of Ukraine
. His main and open political goal is to lobby the interests of automotive industry, particularly to protect and harmonize the business conditions for both the local manufacturers and the importers. In 2005 Vasadze became a member of Batkivschyna and thus part of the Yulia Tymoshenko Bloc (BYuT). During the 2006
and 2007
parliamentary elections, he was elected as a deputy to the Verkhovna Rada for this bloc. On December 2, 2010 Vasadze was excluded from the BYuT faction immediately after he voted for a new tax code as proposed by President Viktor Yanukovych
. Early September 2011 Vasadze joined the Party of Regions
faction.
Ukraine
Ukraine is a country in Eastern Europe. It has an area of 603,628 km², making it the second largest contiguous country on the European continent, after Russia...
businessman of Georgian
Georgians
The Georgians are an ethnic group that have originated in Georgia, where they constitute a majority of the population. Large Georgian communities are also present throughout Russia, European Union, United States, and South America....
descent, chairman and main shareholder of the UkrAVTO JSC
Ukrainian Automobile Corporation
Ukrainian Automobile Corporation JSC or UkrAVTO is a Ukrainian automobile manufacturing and service company, as well as Ukraine's largest automobile distributor. It was founded in 1969 as the Ukraine Motor Vehicles Maintenance Department - a reorganisation of diverse car manufacturing, parts,...
and UkrAVTO Group. He was the chief executive of UkrAVTO since 1983, leading this once state-owned company through privatization
Privatization
Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector or to private non-profit organizations...
and restructuring to a role of Ukraine's main automobile manufacturer, servicer and importer. Later Vasadze's business was diversified by entering the insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
market. His wealth was estimated in 2007 at being around US$ 780 million. But because car sales in Ukraine during 2009 fell by 72 percent his wealth was late 2010 estimated at US$ 230 million.
Vasadze participates in Ukrainian politics
Politics of Ukraine
Politics of Ukraine take place in a framework of a presidential representative democratic republic and of a multi-party system. Executive power is exercised by the Cabinet. Legislative power is vested in the parliament...
, first as an advisor to Prime Minister
Prime Minister of Ukraine
The Prime Minister of Ukraine is Ukraine's head of government presiding over the Cabinet of Ministers of Ukraine, which is the highest body of the executive branch of the Ukrainian government....
Anatoliy Kinakh
Anatoliy Kinakh
Anatoliy Kyrylovych Kinakh is a Ukrainian politician and honorary professor at the Mykolaiv Government Humanitarian University. Kinakh is a People's Deputy of Ukraine in the 6th convocation of the Verkhovna Rada, the Ukrainian parliament...
in 2002. Also in 2002 he was elected
Ukrainian parliamentary election, 2002
Ukrainian parliamentary election of 2002 took place on March 31. Half of the deputies to Verkhovna Rada were elected on proportional basis, while the other half were elected by popular vote in single-mandate constituencies...
a member of the Verkhovna Rada
Verkhovna Rada
The Verkhovna Rada of Ukraine is Ukraine's parliament. The Verkhovna Rada is a unicameral parliament composed of 450 deputies, which is presided over by a chairman...
(parliament) for For United Ukraine
For United Ukraine
For United Ukraine was a political alliance and an electoral bloc in Ukraine founded in December 2001 to participate in the parliamentary election in held on March 30, 2002.-2002 parliamentary election:...
. Then he joined six factions and/or parliamentary groups: including the For United Ukraine faction, Labour Ukraine
Labour Ukraine
Strong Ukraine ; former Labour Party Ukraine , is a political party in Ukraine registered in August 1999. The party claims to have over 80,000 members as of mid-May 2010. It is currently negotiating a merge with the Party of Regions....
and Party of Industrialists and Entrepreneurs of Ukraine
Party of Industrialists and Entrepreneurs of Ukraine
The Party of Industrialists and Entrepreneurs of Ukraine is a political party in Ukraine registered in April 2000. Former Ukrainian Prime Minister Anatoliy Kinakh is one of its most noticeable members.-History:...
. His main and open political goal is to lobby the interests of automotive industry, particularly to protect and harmonize the business conditions for both the local manufacturers and the importers. In 2005 Vasadze became a member of Batkivschyna and thus part of the Yulia Tymoshenko Bloc (BYuT). During the 2006
Ukrainian parliamentary election, 2006
The Ukrainian parliamentary election took place on March 26, 2006. Election campaigning officially began on July 7, 2005. Between November 26 and December 31, 2005 party lists of candidates were formed....
and 2007
Ukrainian parliamentary election, 2007
Early parliamentary elections in Ukraine took place on 30 September 2007. The date of the election was determined following agreement between the President Viktor Yushchenko, the Prime Minister Viktor Yanukovych and the Chairman of the Verkhovna Rada Oleksandr Moroz on 27 May 2007, in an attempt...
parliamentary elections, he was elected as a deputy to the Verkhovna Rada for this bloc. On December 2, 2010 Vasadze was excluded from the BYuT faction immediately after he voted for a new tax code as proposed by President Viktor Yanukovych
Viktor Yanukovych
Viktor Fedorovych Yanukovych is a Ukrainian politician who has been the President of Ukraine since February 2010.Yanukovych served as the Governor of Donetsk Oblast from 1997 to 2002...
. Early September 2011 Vasadze joined the Party of Regions
Party of Regions
The Party of Regions is an Ukrainian political party created on October 26, 1997 just prior to the 1998 Ukrainian parliamentary elections under the name of Party of Regional Revival of Ukraine. It was reformed later in 2001 when the party united with several others...
faction.