The first mention of the City of Kremenchug can be found in the historical chronicle by Joachim Bielski and dated with 1571 year (official founding date of Kremenchug). There is no consensus about the founder of the Kremenchug, one version tells us that the founder is Lithuanian prince Vytautas, others refute this version. Modern Kremenchuk is the city with a highly developed and industrial-oriented economy, the main industries are mechanical engineering, oil industry, metallurgy. The largest enterprises of Kremenchug: Kremenchug refinery, Kremenchug plant of road machines, Kremenchug car assembly plant, Krukovka Carriages. Big river port on the Dnieper operate in Kremenchug.