Business news from Ukraine

“Metinvest Digital” became new resident of “Dia.City” application

“Metinvest Digital, the IT expertise center of the largest Ukrainian mining and metallurgical holding Metinvest, became a new resident of the “Dia.City” application, which allows to receive public services online.
According to the company’s press release on Thursday, Metinvest Group supports modern technologies, contributing to the digitalization of Ukrainian business and the establishment of the state at the level of the most developed countries in the world. That’s why the company’s exclusive IT partner, Metinvest Digital, became a resident of the application.
Moreover, it is noted that the implementation of a unique legal and tax environment is an important event for the Ukrainian IT-sector. In particular, the City Action offers the IT-companies favorable taxation conditions, modern tools to protect investments and intellectual property, the ability to attract specialists and improve competitiveness on the market. An additional plus is that the state guarantees the stability of these conditions for 25 years.
As of June 26, more than 600 companies have already become “Dia.City” residents.
“We are glad to become the residents of Diya.City in order to develop and strengthen Ukrainian market of talents, educational technological sector and economy of the country together with strong IT-industry players”, noted Sergey Detiuk, IT director of Metinvest Group, quoted by the press service.
According to him, thanks to Dia.City this process will become even more effective and coherent, it will stimulate the development of high-tech industry, to attract skilled professionals, investors and individual entrepreneurs.
The press release specifies that in order to get all these advantages, an IT-company must be registered according to the Ukrainian legislation; engage in qualified activities; meet the conditions of entry into the “Dia.City”.
“Metinvest Digital” is a Ukrainian IT company that specializes in the digital transformation of large businesses and implements projects in Ukraine, Europe and North America. The company designs, implements and supports complex IT solutions in the field of technological infrastructure building, information systems development, strategic outsourcing, data migration, system integration, cybersecurity and information security. “Metinvest Digital is an IT business partner of Metinvest Group, servicing more than 30 enterprises of the holding worldwide. The company is a certified partner of Microsoft (Gold Certified Partner) and SAP (Silver Partner).
“Metinvest Digital is a Microsoft Gold Partner and SAP Silver Partner. In 2023 the Company obtained the Certificate of conformity of information security management system in accordance with ISO 27001.
More than 800 employees of Metinvest Digital serve the group’s enterprises and 70000 employees in Ukraine, Europe and the USA.
Metinvest Digital’s annual portfolio of digital initiatives currently includes over 100 projects. The company includes five IT expertise centers, the Project Office and the Center for Advanced Development (R&D), and its main activities are aimed at the digitalization of the group’s production and business processes.
“Metinvest is a vertically integrated mining group of companies that manages assets in every link of the production chain, from iron ore and coal mining and coke production to the production of semi-finished and finished steel products, pipes and coils, as well as the production of other high value-added products. The Group consists of mining and metallurgical enterprises located in Ukraine, Europe and the USA and has a sales network covering all key global markets.
The major shareholders of Metinvest are SCM Group (71.25%) and Smart Holding (23.75%) that jointly manage the company.
Metinvest Holding LLC is the managing company of Metinvest group.

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Visa became resident of Dia City

International payment system Visa became a resident of the special legal and tax regime “Dia City”.
“Diya City” residency will allow the company to enjoy the best legal and tax conditions in Europe. It will also deepen cooperation with the Ukrainian IT sector and accelerate the development of the cashless economy of Ukraine,” wrote Deputy Prime Minister and Minister of Digital Transformation of Ukraine Mikhail Fedorovv in his Telegram channel.
He noted that the company’s Ukrainian office has about 140 employees responsible for the development of payment technologies in 17 countries.
“The Kiev office of Visa is a sub-regional hub whose team is responsible for the support and development of business in 17 countries. Ukraine has always been and is our priority. As well as a reference point for many other markets, even from other subregions, given the technological, innovative and rapid dynamics of the banking sector, e-commerce, IT-industry, cashless payments and digital infrastructure in our country,” Denis Kazvan, head of corporate communications at Visa, commented on his Facebook page when Visa joined “Dia City”.
He noted that in times of war, digitalization and innovation only accelerate in fruitful work with banks, businesses, fintech and the government.

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