Shpyh started his career as designer-technician at the Leninska Kuznia (today
Kuznya na Rybalskomu) central design bureau in 1972, while studying at the Kyiv Shipbuilding Vocational School. After his service in the
Soviet army (1976–78), he returned to LK working as technology engineer. In 1979–82 Shpyh worked as a senior technology engineer at furniture association "Brovarymebli". In 1982–91 he was a Komsomol activist working in particular as a head of affairs for the Central Committee of the
Lenin's Youth Communist League of Ukraine (LKSMU). During this time in 1984 Shpyh also graduated the
Kyiv Institute of National Economy as economist and defended his
candidate dissertation "Management of a commercial bank operation". Following
dissolution of the Soviet Union, in 1991 Shpyh became a head of credit resources department in one of the first commercial banks in Ukraine "INKO". In March 1992 he established own bank known as "Aval" which since 2005 is a regional branch of the Austrian bank giant
Raiffeisen. In 1999–2007 Shpyh was a member of the
National Bank of Ukraine (NBU) council. In 1997 he was awarded the official title of Merited Economist of Ukraine. In 1998 Shpyh was appointed the president of the newly organized football organization
Ukrainian Football Amateur Association (AAFU), which created by the
Football Federation of Ukraine organizes national amateur football competitions. He also was awarded the state
order "of Merit", the 3rd degree. In 1998 Shpyh ran for the national parliament at the
1998 Ukrainian parliamentary election as an independent politician at the 210 electoral district in
Chernihiv Oblast and won it. At the time of elections he still was a director of bank "Aval". In the parliament he first joined the pro-presidential parliamentary faction of
People's Democratic Party, but soon in 1999 switched to parliamentary group
Labour Ukraine. As parliamentarian in 1998–2002 Shpyh also was a member of parliamentary committee on matters of finances and bank operations. In 2001 he was awarded the state
order "of Merit", the 2nd degree. In 2002 Shpyh again ran for parliament in the
2002 Ukrainian parliamentary election as an independent politician in the 210th electoral district in
Chernihiv Oblast and won. == References ==