He is the owner of the agricultural vertical integrated company UkrLandFarming, and one of the largest egg producers in both Europe and Asia.
[4] In 2005, he graduated from the Ivano-Frankivsk National Technical University of Oil and Gas, with specialist diplomas in management and engineering physics.
[5][6] In the 2002 Ukrainian local elections he was elected a Deputy of Ivano-Frankivsk City Council as a candidate of Social Democratic Party of Ukraine (united), where he became a member of the Economic Revival Faction, and a member of the City Council Committee on issues of finance planning, prices and budget.
[citation needed] In 2003, he founded Stanislavska Torgova Kompaniya (Stanislavskiy Trade Company), which became an owner of the largest chain of grocery stores in the Ivano-Frankivsk Region (under the brand Favorit).
[10] In 2005, he was appointed as the Head of the Office of Investments Expert Estimation and Corporate Financing at the national stock company NSC Naftogaz of Ukraine.
[13] In 2006, he bought a controlling stake in region gas distribution companies IvanoFrankivskGas, LvivGas, ZKGas, ChernivtsiGas and VolynGas.
[20] In November 2019, Bakhmatyuk was put on the national wanted list on suspicions of embezzling nearly $50 million before VAB Bank's license was revoked in 2015.
[25] In October 2022 NABU and the Specialized Anti-Corruption Prosecutor's Office (SAPO) accused Bakhmatyuk and former Head of the State Fiscal Service Roman Nasirov of receiving $5.5 million and more than €21 million euros of illegal benefits for VAT reimbursement to agricultural holding companies.
[citation needed] His sister, Nataliya Vasilyuk, is the Head of Avangard Agro Holding and was recognized as the best business-woman of Ukraine's agricultural sector in 2019.