According to the State Committee of Statistics of Ukraine, the association was founded by the Austrian company Euro East Beteiligungs GmbH from Vienna[1] and a native of Donetsk named Pavlo Lytovchenko (born in 1980, aged 41–42).
[2] Before the Revolution of Dignity, a share in the company was owned by the pro-Russian Ukrainian politician Andriy Klyuyev, who was close to former President Viktor Yanukovych.
[4] The company has been implicated as one of the holdings used by Yanukovych to embezzle funds,[5] as well as act as a cover for full ownership of the Mezhyhirya property, of which its privatisation in 2007 was alleged as illegal by opposition activists.
Pavlo Lytovchenko, beside founding Talantit, also established another company Edelweiss, LLC (Ukrainian: ТОВ "Едельвейс"), shareholders of which are a son of Viktor Yanukovych, Oleksandr[9] and a Donetsk lawyer Andriy Fedoruk.
[16] Along with Pavlo Kovalyov, BLYTHE Associates established the Centeravia, LLC (Ukrainian: ТОВ "Центравіа") and owns 99.9% of its shares.