Galchev Filaret Ilyich is one of the richest Russian businessmen. In 2013, Forbes ranked twenty-second. One of the owners of Eurocement holding, chaired the board of directors of the Krasnoyarsk Coal Company. He has membership in the board of the Russian Union of Industrialists and Entrepreneurs and in the Moscow English Club.
Education
After graduation, Filaret Galchev entered the Moscow Institute of Mining as an engineer-economist. He graduated in 1991. In 1995, he defended his thesis, and in 1999, his doctoral dissertation. In 2004, Filaret Galchev became a professor of economics and mining planning at the University of Mines. He lectured to students of Moscow universities. He was engaged in modern scientific research using them in practice in cement production.
Youth
Filaret Galchev, whose family was replenished with the birth of his daughter, worked in four jobs as a young man: commandant at the institute, deputy chairman of the trade union committee, studied science and unloaded cars. At the same time he studied at the university of mining. Galchev was able to sleep only three hours a day. The situation began to change financially for the better after graduation.
Labor activity
After graduation, Filaret Galchev was invited to work as chief commercial expert at the Institute. Skochinsky. From 1992 to 1993 He served as Director General of the International Trading House. Then, until 1997, he headed the board of Rosugol.
In the spring of the ninety-seventh year, Filaret Galchev became CEO of the Rosugolsbyt Closed Joint-Stock Company. In 1999, he chaired the board of his subsidiary, and a year later, already at Rosugolsbyt, and also headed the Board of Directors of the Krasnoyarsk Coal Company. In 2002, Filaret Galchev became president of Rosuglesbyt and chairman of the Board of Directors of Eurocement.
He is a full member of:
- Moscow English Club;
- Board of the Russian Union of Industrialists and Entrepreneurs;
- an interdepartmental government group on the provision of fuel to vital facilities in the country;
- Academy of Mining;
- International Energy Academy.
Own business
After a leading position in a coal company, Filaret Ilyich gained enough experience and business connections to create his own business. So in 1996, Rosuglesbyt appeared. In 2004, the company was renamed the Open Joint-Stock Company Eurocement-Group. Over the years of painstaking work, Filaret Galchev created the largest holding out of a small company, uniting more than fourteen cement plants. Open Joint-Stock Company Eurocement-Group produces cement of all kinds. Shipment is carried out through nineteen branches-distributors in more than fifty regions of Russia and abroad.
In 2000, Galchev and S. Generalov bought the Krasugol company in half. At that time, she was bankrupt. Before the acquisition of the enterprise by Galchev and Generalov, employees were not paid salaries of eight months each. A ton of coal was below cost, debts to many budgetary organizations amounted to almost five billion dollars.
But Filaret Galchev was sure that he and his partner would raise Krasugol from the ruins of bankruptcy. This is what happened thanks to the proper conduct of business. When Krasugol passed into the hands of the new owners, all the previous management was replaced by a new one, and a professional business team was found. As a result, already in the second month wage arrears were paid off and large tax payments began.
But after some time, Generalov sold his share of the shares to MDM Bank, without coordinating this step with Galchev. As a result, in order not to get involved in lengthy proceedings, he also sold his package. Filaret did not manage to earn money on the company, but at least he was able to return the invested funds.
Galchev chose a business in the cement industry, having previously analyzed this market. And he considered it the most promising for further development. In 2002, together with G. Krasnoyarsky, they acquired Stern-Cement, which is on the verge of bankruptcy. She owned several cement plants. The company was subsequently renamed and joined the Eurocement holding.
In 2005, Filaret Galchev acquired Inteko cement plants. This company was owned by Elena Baturina, the wife of the former mayor of Moscow, Yuri Luzhkov. Thanks to modern modernization, proper business conduct and painstaking work, Eurocement-Group Holding has become one of the world's largest cement producers for ten years.
Media interest
Filaret Galchev, whose biography is described in this article, has repeatedly come under the scrutiny of the media. There are many reasons for this. In 2000, competition in the coal business increased. It was about the allocation by Gazprom and the government of large sums for the revival of the coal industry, since a certain shortage of raw materials had already begun to be detected. Filaret Galchev, who at that time owned Rosuglesbyt (the largest trader in the world market), also offered a large sum of money - half a billion dollars.
In 2005, due to increased cement prices, dozens of consumer companies filed a lawsuit against Galchev holding, calling it a monopolist. FAS conducted an audit and found that there were violations of the law in the activities of Filaret Galchev. Namely - illegally obtained income. As a result, the FAS tried to recover 1.9 billion rubles from the profit received by the company from Eurocement-Group holding. But the Ninth Arbitration Court found the FAS order illegal. Since then, the holding "Eurocement-Group" has ceased to be considered a monopoly enterprise.
Scandal with Russia Partners
In the spring of 2006, a major scandal occurred between Russia Partners and Filaret Galchev. The Fund, together with its partner, investment company A-1 (from Alfa Group), filed a lawsuit against Eurocement Group in a Moscow arbitration court. Moreover, he proceeded from enterprises controlled by Russia Partners, which own forty-four percent of the holding’s shares.
The essence of the lawsuit was that in 2004 Eurocement-Group removed raw materials quarries from the plants. Russia Partners presented data that the holding began selling raw materials at inflated prices. And the finished products were sent to Eurocement (renamed Stern-cement) for subsequent resale.
In 2006, Russia Partners began prosecuting the holding in Cyprus and England. Claims of the fund were made due to 38.7 percent of the shares of “Maltsovsky Portland cement”. This is the largest asset of the ECG. Galchev and his companies in Cyprus were accused of having illegally retained this block of shares. Although this package was sold to the holding by Russia Partners Fund in 2004, 38.7% have not yet been transferred from Eurocement to the holding. However, Russia Partners lost as a result.
Businessman family
Filaret Galchev (Greek nationality) was born on May 26, 1963 in the Georgian Soviet Socialist Republic, Tsalk district, and the village of Tarson. Father - Ilya Azarievich, mother - Elizaveta Agepsimovna (maiden name Balobanova). Filaret Galchev married Markitanova Elena Nikolaevna. In this marriage, a daughter, Alina, and a son, Ilya, were born. There is little information about his family, as a millionaire tries to hide relatives from journalists.
Awards and titles
Filaret Galchev, whose photo is in this article, was awarded in 1995 the sign of “Miner's Glory” of the third degree. Five years later he received a jubilee sign of the coal industry of the Russian Federation. In 2000 he was awarded the Miner Glory badge of the second degree, and in 2003 - the Miner’s Golden Badge. In 2004, Filaret Galchev received the medal "For Mercy" of the second degree. A year later, the Order of Daniel of Moscow. In 2006, Galchev was awarded a medal for assistance to the Ministry of Internal Affairs and awarded the title of “Honorary Builder of Russia”. In 2007 he received the golden sign of the Holy Great Martyr Barbara. And a year later he was awarded the FILA Golden Order.
Interesting Facts
Filaret Galchev wrote more than twenty-two scientific papers. Among the first to consider and justify the segmentation of the coal market and the formation of competitive prices for products. In the ninety-seventh year, a monograph by Filaret Galchev on the marketing of Russian coal was published, and later, in 2003, a book was published on urgent problems of the economy in mining.
Galchev has Greek citizenship. In 2011, Filaret Ilyich, according to CemWeek magazine, was named "Person of the Year." Last year, Galchev became one of the participants in the project of preparing tourist flights to the International Orbital Station.
Financial condition
In the mid 2000s The financial condition of Filaret Galchev amounted to 2.4 billion US dollars. He became one of the richest entrepreneurs in Russia. Gradually, the state grew and reached $ 5.6 billion. But the economic crisis of 2014 made itself felt.
Demand for products manufactured by Eurocement-Group holding fell sharply, and Filaret Galchev lost more than four billion dollars. In 2015, according to Forbes rating, Galchev took the twenty-third place among the richest Russian businessmen. And in 2016, Galchev’s fortune is estimated at one hundred fifty-five million dollars.