In the period from January to September 2024, the Metinvest group paid 15.2 billion UAH in taxes and fees to the budgets of various levels in Ukraine, which is 38% more compared to the same period last year. This amount also includes contributions from associated companies and joint ventures, as reported by the company’s press service on October 29.
This significant increase in tax payments by Metinvest is a clear indication of the company’s strong financial performance and its commitment to fulfilling its tax obligations. It also demonstrates the company’s contribution to the development of the Ukrainian economy and its support for the country’s budget.
Metinvest is one of the largest mining and metallurgical companies in Ukraine, with a diversified production base and a strong presence in both domestic and international markets. The company’s success is based on its efficient management, modernization of production facilities, and continuous improvement of its operations.
The increase in tax payments by Metinvest is a result of the company’s successful business strategy, which focuses on sustainable growth and responsible corporate citizenship. Despite the challenges posed by the global economic situation, Metinvest has managed to maintain its leading position in the industry and continue to generate significant revenues for the country’s budget.
The company’s tax payments are distributed among various levels of the Ukrainian budget, including local, regional, and national budgets. This allows for the development of infrastructure and social programs in the regions where Metinvest operates, creating new jobs and improving the overall standard of living.
In addition to its tax contributions, Metinvest also actively supports local communities through various social and charitable initiatives. The company invests in the development of education, healthcare, and culture, as well as in environmental protection and sustainable development projects.
Metinvest’s commitment to responsible business practices has been recognized by various international organizations. The company has received numerous awards for its corporate social responsibility efforts, including the prestigious “Best Corporate Social Responsibility Program” award from the European Business Awards.
The increase in tax payments by Metinvest is not only a testament to the company’s financial success but also to its responsible approach to doing business. The company’s strong performance and contribution to the Ukrainian economy serve as an example for other companies to follow.
In conclusion, the significant increase in tax payments by Metinvest is a positive sign for the company, the Ukrainian economy, and society as a whole. It reflects the company’s strong financial performance, responsible business practices, and commitment to supporting the development of the country. Metinvest’s success is a result of its efficient management, continuous improvement, and responsible corporate citizenship, making it a role model for other companies in Ukraine and beyond.
