Valeriy Heorhiiovych 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 ( ; VR), officially the Verkhovna Rada of Ukraine, is the unicameralism, unicameral parliament of Ukraine. It consists of 450 Deputy (legislator), deputies presided over by a speaker. The Verkhovna Rada meets in the Verkhovn ...

from 1994 to 2002.

Biography

Babych was born in

Brody Brody (, ; ; ; ) is a city in Zolochiv Raion, Lviv Oblast, Zolochiv Raion, Lviv Oblast, western Ukraine. It is located in the valley of the upper Styr, Styr River, approximately northeast of the oblast capital, Lviv. Brody hosts the administrati ...

Lviv Oblast Lviv Oblast (, ), also referred to as Lvivshchyna (, ), is an administrative divisions of Ukraine, oblast in western Ukraine. The capital city, capital of the oblast is the city of Lviv. The current population is History Name The region is named ...

, and studied in

Kyiv Kyiv, also Kiev, is the capital and most populous List of cities in Ukraine, city of Ukraine. Located in the north-central part of the country, it straddles both sides of the Dnieper, Dnieper River. As of 1 January 2022, its population was 2, ...

. After graduation, he worked at the

Academy of Sciences of Ukraine The National Academy of Sciences of Ukraine (NASU; , ; ''NAN Ukrainy'') is a self-governing state-funded organization in Ukraine that is the main center of development of Science and technology in Ukraine, science and technology by coordinatin ...

, youth organizations, the State Plan of Ukraine, the

Council of Ministers of the Ukrainian SSR Council of Ministers of the Ukrainian Soviet Socialist Republic () was the highest executive and administrative body of state power of the Ukrainian Soviet Socialist Republic, government (1946–1991). The council replaced the Council of People's 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 (, ; 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 the Lisbon Protocol, undertaking to give up Ukrai ...

on market economy issues, and the

1994 The year 1994 was designated as the " International Year of the Family" and the "International Year of Sport and the Olympic Ideal" by the United Nations. In the Line Islands and Phoenix Islands of Kiribati, 1994 had only 364 days, omitti ...

and

1998 Ukrainian parliamentary election Parliamentary elections were held in Ukraine on 29 March 1998.Dieter Nohlen, 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 ...

he was elected to the

Ukrainian parliament The Verkhovna Rada ( ; VR), officially the Verkhovna Rada of Ukraine, is the unicameral parliament of Ukraine. It consists of 450 deputies presided over by a speaker. The Verkhovna Rada meets in the Verkhovna Rada building in Ukraine's capi ...

. 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 organization, regional intergovernmental organization in Eurasia. It was formed following the dissolution of the Soviet Union, dissolution of the Soviet Union in 1991. It covers an ar ...

. 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"". 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 the coronavirus SARS-CoV-2. In January 2020, the disease spread worldwide, resulting in the COVID-19 pandemic. The symptoms of COVID‑19 can vary but often include fever ...

at a hospital in

Ukraine Ukraine is a country in Eastern Europe. It is the List of European countries by area, second-largest country in Europe after Russia, which Russia–Ukraine border, borders it to the east and northeast. Ukraine also borders Belarus to the nor ...

, on 29 October 2020, aged 67, during the

COVID-19 pandemic in Ukraine Coronavirus disease 2019 (COVID-19) is a contagious disease caused by the coronavirus SARS-CoV-2. In January 2020, the disease spread worldwide, resulting in the COVID-19 pandemic. The symptoms of COVID‑19 can vary but often include fever ...

.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