Metinvest transferred UAH 22.2 billion to budgets of all levels of Ukraine

Due to a press release of the group, in 2018, Metinvest paid UAH 11.1 billion of income tax, which is 76% higher than in 2017. In addition, last year the payments of the single social contribution made by the group increased by 30% - up to 3.1 billion UAH, and the tax on personal income by 22%, to 2.9 billion UAH. It happens due to the increase in wages at the enterprises of Metinvest. Resource payments (environmental tax, rent for the subsoil, payment for land) increased to 2.7 billion UAH, which is 14% more than in 2017. The group’s general director, Yuri Ryzhenkov, noted that Metinvest has traditionally remained one of the top 100 taxpayers in Ukraine, and metallurgy is among the top five industries that hold the country's economy. “Last year was generally favorable for metallurgists. Despite protectionism in international markets and a shortage of locomotive traction, we managed to implement a record investment program over the past seven years, while wages at our enterprises grew by an average of 30%,” the top manager stated. Metinvest is a vertically integrated group of mining and metallurgical enterprises. Group companies are located mainly in Donetsk, Lugansk, Zaporizhzhya and Dnipropetrovsk regions. The main jointly managing shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of Metinvest Group.