KHARKIV, Nov. 20 – The state should retain control of Kharkiv-based Turboatom, said President Viktor Yushchenko.

"We're not going to give this company to anyone, as the company is our flagship," the president said, speaking at the plant on Wednesday.

He said that Kharkiv-made turbines are operating in dozen of states, adding that the plant's products are in very short supply and demand for them is always present.

"I'm sure that there is no threat of economic crisis at the company," he said.

He said that over the past years, Turboatom's sales grew by 35-50%, and the order portfolio stretches for four or five years into the future.