- published: 07 Oct 2013
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Khortytsa or Khortyt'sia is a Ukrainian horilka company, based in Zaporiz'ka oblast'. Khortytsa (Ukrainian: Хортиця) is a trade mark of horilka which dominates the alcoholic market of Ukraine. (Its share of sales was 29% in 2007). The manufacturer claims that it is first-rate quality product and that the company has the most developed sales network in the country. The company's strategic plan envisages further expansion of manufacture in territory of Russia and sales worldwide.
Khortytsia (Ukrainian: Хо́ртиця, Khortyts'a, Russian: Хо́ртица, Khortitsa, Polish: Chortyca) is a national cultural reserve (sanctuary) located on one of the largest islands of the Dnieper river, in Ukraine.
The island has played an important role in the history of Ukraine, specially in the history of the Zaporozhian Cossacks. This historic site is located within the city limits of Zaporizhia city. It extends from northwest to southeast for more than 12 km (7.5 mi) with an average width around 2.5 km (1.6 mi). The island has unique flora and fauna, including oak groves, spruce woods, meadows, and steppe. The northern part of the island is very rocky and high (rising 30 m (98 ft) above the river bed) in comparison to the southern part, which is low, and often flooded by the waters of the Dnieper.
Zaporizhia (direct translation is "beyond the rapids") takes its name from an area downstream of the Dnieper river after the nine rapids. In 1930s when the Dnieper Hydroelectric Station was built, these rapids were flooded. Only granite cliffs, rising to the height of 50 m (160 ft), testify to the original rocky terrain of the region.
A company is a business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be made to exist in law and then a company is itself considered a "legal person". The name company arose because, at least originally, it represented or was owned by more than one real or legal person.
In the United States, a company may be a "corporation, partnership, association, joint-stock company, trust, fund, or organized group of persons, whether incorporated or not, and (in an official capacity) any receiver, trustee in bankruptcy, or similar official, or liquidating agent, for any of the foregoing." In the US, a company is not necessarily a corporation.
In English law and in the Commonwealth realms a company is a body corporate or corporation company registered under the Companies Acts or similar legislation. It does not include a partnership or any other unincorporated group of persons, although such an entity may be loosely described as a company.