Valeriy Georgievich Babych (25 August 1953 – 29 October 2020) was a Ukrainian politician, economist and businessman who served as a member of the

Verkhovna Rada The Verkhovna Rada of Ukraine ( uk, Верхо́вна Ра́да Украї́ни, translit=, Verkhovna Rada Ukrainy, translation=Supreme Council of Ukraine, Ukrainian abbreviation ''ВРУ''), often simply Verkhovna Rada or just Rada, is the ...

from 1994 to 2002.

Biography

Babych was born in

Brody Brody ( uk, Броди; russian: Броды, Brodï; pl, Brody; german: Brody; yi, בראָד, Brod) is a city in Zolochiv Raion of Lviv Oblast (province) of western Ukraine. It is located in the valley of the upper Styr River, approximately ...

Lviv Oblast Lviv Oblast ( uk, Льві́вська о́бласть, translit=Lvivska oblast, ), also referred to as Lvivshchyna ( uk, Льві́вщина, ), ). The name of each oblast is a wikt:Appendix:Glossary#relational, relational adjective—in Englis ...

, and studied in

Kyiv Kyiv, also spelled Kiev, is the capital and most populous city of Ukraine. It is in north-central Ukraine along the Dnieper, Dnieper River. As of 1 January 2021, its population was 2,962,180, making Kyiv the List of European cities by populat ...

. After graduation, he worked at the

Academy of Sciences of Ukraine The National Academy of Sciences of Ukraine (NASU; uk, Національна академія наук України, ''Natsional’na akademiya nauk Ukrayiny'', abbr: NAN Ukraine) is a self-governing state-funded organization in Ukraine th ...

, youth organizations, the State Plan of Ukraine, the

Council of Ministers of the Ukrainian SSR Council of Ministers of the Ukrainian Soviet Socialist Republic ( uk, Рада Міністрів УРСР) was the highest executive and administrative body of state power of the Ukrainian Soviet Socialist Republic, government (1946–1991). The c ...

. In 1990, he founded and headed the company "Inter-Invest", and in 1991 he was elected Chairman of the Board of RAO "Ukrainian Exchange". The following year, after the reorganization of RAO "Ukrainian Exchange" into JSC "Ukrainian Financial Group", he was elected as its president. In 1993-1994 he served as adviser to the President of Ukraine

Leonid Kravchuk Leonid Makarovych Kravchuk ( uk, Леонід Макарович Кравчук; 10 January 1934 – 10 May 2022) was a Ukrainian politician and the first president of Ukraine, serving from 5 December 1991 until 19 July 1994. In 1992, he signed ...

on market economy issues, and the

1994 File:1994 Events Collage.png, From left, clockwise: The 1994 Winter Olympics are held in Lillehammer, Norway; The Kaiser Permanente building after the 1994 Northridge earthquake; A model of the MS Estonia, which Sinking of the MS Estonia, sank in ...

and

1998 Ukrainian parliamentary election Parliamentary elections were held in Ukraine on 29 March 1998. Nohlen, D & Stöver, P (2010) ''Elections in Europe: A data handbook'', p1976 The Communist Party of Ukraine remained the largest party in the Verkhovna Rada, winning 121 of the 445 ...

he was elected to the

Ukrainian parliament The Verkhovna Rada of Ukraine ( uk, Верхо́вна Ра́да Украї́ни, translit=, Verkhovna Rada Ukrainy, translation=Supreme Council of Ukraine, Ukrainian abbreviation ''ВРУ''), often simply Verkhovna Rada or just Rada, is the ...

. Babych founded and headed the activities of many public organizations that supported democratic transformations and market reforms in Ukraine and the

Commonwealth of Independent States The Commonwealth of Independent States (CIS) is a regional intergovernmental organization in Eurasia. It was formed following the dissolution of the Soviet Union in 1991. It covers an area of and has an estimated population of 239,796,010. ...

. In particular, in 1991 he was elected President of the Congress of Stock Exchanges of the USSR; in independent Ukraine in the following years he was elected head of the Congress of Business Circles of Ukraine, the Eastern European Association of Entrepreneurs, and the All-Ukrainian Association of Entrepreneurs. From 1998 to 2003, he was chairman of the political party "

All-Ukrainian Union "Cherkashchany" All-Ukrainian Union "Cherkashchany" ( uk, Всеукраїнське об'єднання «Черкащани») is a regional political party in Cherkasy Oblast, Ukraine. It was registered on November 23, 1992. Until 2006, the party was known ...

". In 2002 he was re-elected as President of JSC "Ukrainian Financial Group", in 2004 he was elected Chairman of the Board of the Ukrainian Financial Group, and in 2006 he headed the Ukrainian Financial Group Corporation. Babych was among the organizers of the Ukrainian Union of Industrialists and Entrepreneurs, and was repeatedly elected to the governing bodies of the USPP. He was elected chairman of the Federation of Friendship Societies of Ukraine with foreign countries, president of the Ukrainian International Christian Charitable Foundation, and vice-president of the Ukrainian International Foundation Taras Shevchenko. He conducted extensive charitable activities and provided patronage and sponsorship to many initiatives in science, education, culture, art, literature, and sports. Babych died from

COVID-19 Coronavirus disease 2019 (COVID-19) is a contagious disease caused by a virus, the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first known case was COVID-19 pandemic in Hubei, identified in Wuhan, China, in December ...

at a hospital in

Ukraine Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian inv ...

, on 29 October 2020, aged 67, during the

COVID-19 pandemic in Ukraine The COVID-19 pandemic in Ukraine has resulted in confirmed cases of COVID-19 and deaths. The virus was confirmed to have spread to Ukraine when the country's first case was confirmed to be hospitalized in Chernivtsi Oblast on 3 March 2020, a ...

.Від коронавірусу помер Валерій Бабич – екснардеп і кандидат у президенти

References

{{DEFAULTSORT:Babych, Valeriy 1953 births 2020 deaths Deaths from the COVID-19 pandemic in Ukraine Ukrainian businesspeople 20th-century Ukrainian economists Second convocation members of the Verkhovna Rada Third convocation members of the Verkhovna Rada People from Brody 21st-century Ukrainian economists