From coffee and gas to Prime Minister: Serhiy Koretskyi takes the wheel
Ukraine's parliament just voted in a new Prime Minister. Out goes Yuliya Svyrydenko after less than a year, and in comes the ultimate corporate troubleshooter who once turned a massive state energy drain into a goldmine.
The Verkhovna Rada just approved Serhiy Koretskyi as the country's fourth PM under Volodymyr Zelenskyy. If the name sounds familiar, it’s because this guy has been everywhere in Ukrainian business.
He used to run the WOG gas station network, later founded the ubiquitous Idealist Coffee Co chain, and then got called up to clean up nationalized state giants. His biggest flex was taking the chronically unprofitable Ukrnafta—which lost over 10 billion hryvnias in a decade—and turning it into a cash cow with 40 billion in profit in just two years. After that miracle, he was promoted to run Naftogaz, and now he has the whole country to manage.
Naturally, there's a political backstory. Back in 2006, he tried running for parliament with the long-forgotten bloc of Volodymyr Lytvyn. But that was a lifetime ago. Now he's the guy who goes from selling flat whites to managing Ukraine's entire wartime economy.
Running a country is basically like managing a massive gas station chain, except the customers are way louder and the coffee is rarely free.
Source: Ukrinform
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