Business news from Ukraine

Business news from Ukraine

Metinvest to invest UAH 70 mln in development of Kamyanske

29 May , 2025  

Metinvest Group and the Kamyanske City Council have signed a Memorandum of Cooperation in the field of socio-economic development. This year, the company will invest UAH 70 million in the implementation of projects that are important to the community.

According to a press release, the funds will be used to renovate hospitals No. 9 and No. 7, the emergency hospital, and the primary health care center No. 3. In addition, the community will receive five new trams. This will allow for the renewal of the tram fleet and make travel around the city more comfortable.

Metinvest, as part of Rinat Akhmetov’s Steel Front, is focused on helping our indomitable military. At the same time, the Group continues to care for the peaceful residents of the cities where its enterprises operate. Our ongoing cooperation with the mayor of Kamensk has already become a good tradition, as evidenced by numerous successfully implemented initiatives. This year, we are expanding the horizons of our cooperation by initiating even more joint projects aimed at developing urban infrastructure, supporting social programs, and improving the quality of life of the community,” said Alexander Mironenko, Chief Operating Officer of the Group.

Mayor of Kamenskoye Andrey Belousov emphasized the importance of such cooperation between business and local authorities in wartime.

Last year, Metinvest invested UAH 50 million in modernizing the medical infrastructure of Kamensk.

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