Donetsk was created on July 17, 1932. The Donetsk region is situated in the South West part of Ukraine.According to its geographical location Donetsk region belongs to central steppe. The climate of the region is a continental one with some casual hot dry phenomena. Donetsk is the most densely populated city of Ukraine. Over 10 % of the entire population of the country lives here. Donetsk is an industrial center of Donbas. Recent archeological investigations prove that the Donetsk region belongs to those regions of Ukraine, which have been inhabited in antiquity, beginning from the Paleolithic epoch. Donetsk having its own fuel and energy resources, nearness of the Krivbass ferrous ore deposit, rich network of motor-roads and railways, outlet to the sea, high level of urbanization contribute to unique terms for development of industry and active participation in the state and international division of labor.Today industry of Donetsk in general develops quickly, enlarging the volume of production. The financial state of many enterprises improves.