Business news from Ukraine

Business news from Ukraine

“Metinvest” paid more than UAH 2.5 bln in taxes to Ukrainian budgets

In January-March this year, the mining and metallurgical group Metinvest, including associated companies and joint ventures, paid more than UAH 2.5 billion in taxes and fees to the budgets of all levels in Ukraine.
According to the company’s press release on Wednesday, Rinat Akhmetov’s Metinvest remains the backbone of the country’s economy amid a full-scale Russian invasion of Ukraine.
In January-March this year, Metinvest’s Ukrainian enterprises paid about UAH 725 million in unified social contributions, more than UAH 649 million in personal income tax and about UAH 442 million in income tax.
Land rent – more than UAH 288 mln, subsoil use fee – about UAH 174 mln and ecological tax – almost UAH 136 mln, which are the most significant sources of the state and local budgets of Ukraine.
Director General of “Metinvest” Yuriy Ryzhenkov said that it is not in the tradition of Ukrainians to give up.
“Therefore, the enterprises of Metinvest continue to fill the treasury of Ukraine in extremely difficult military conditions, under the constant threat of enemy shelling. We hold the line on the economic direction, despite the loss of control over the Mariupol plants, the blockade of the ports and other negative factors for the industry. After all, we understand that business must work to win and then to rebuild Ukraine. All as one, because we have one country,” the top manager was quoted by the press service.
As it was reported, taking into account the associated companies and joint ventures, in 2022, Metinvest transferred 20.5 billion UAH of taxes and duties to the budgets of all levels in Ukraine.
“Metinvest is a vertically integrated group of mining and metallurgical companies. The enterprises of the group are mainly located in Donetsk, Luhansk, Zaporizhzhia and Dnipropetrovsk regions.
The major shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%) that manage it jointly.
Metinvest Holding LLC is the management company of Metinvest Group.

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“Kyivstar” and Vodafone reported UAH 15.7 bln in taxes and UAH 7.5 bln in investments

Ukraine’s largest mobile operator “Kyivstar” in a year of war paid 10.7 billion UAH of taxes and invested in technological development of 3.5 billion UAH, the president of the company, Alexander Komarov said on Facebook.
The second largest operator “Vodafone Ukraine” reported paying 4.97 billion UAH of taxes and fees in 2022 and almost 4 billion UAH of investments in support and development of telecom infrastructure in Ukraine.
“92% of the network is working as usual today. This is an incredible result, given that 8% are in the occupied territories. At the same time we returned connection to 815 settlements, where we built more than 600 base stations (BS). More 700 new base stations of 4G standard were built, which increased the 4G coverage by 20%”, – wrote Komarov.
He added that the generating capacity of Kyivstar reached 39.2 MW thanks to increase of the number of diesel generators by 75% and installation of 18 thousand new batteries.
“As of today 88% of the network in the country is working in normal mode” – stated “Vodafone Ukraine”.
According to the company, 581 base stations were resumed and 2.9 thousand km of fiber-optic cable were repaired, thanks to which it was possible to restore the availability of services to people in 759 settlements of the country.
“Vodafone Ukraine” also reported that 723 base stations were launched in new locations, 414 additional mobile generators were purchased and 24.71 thousand batteries were replaced.

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Ukrainian business paid in 2022 80 bln hryvnias more in taxes than in 2021

Ukrainian business paid 80 billion UAH more in taxes in 2022 than in peaceful 2021, Prime Minister Denis Shmygal said.
“Despite continued hostilities and enemy attacks, we will do everything possible to make 2023 the first step for a great recovery of the Ukrainian economy. In 2022, we did the impossible and financed absolutely all budget expenditures. In total, these expenditures amounted to about 2.7 trillion UAH,” Shmygal said at a government meeting on Friday.
According to him, Ukrainian citizens and businesses last year paid more than 900 billion UAH to the state budget, another 425 billion UAH were paid to the Pension Fund and social insurance funds.
“Due to the issue of military bonds, about 600 billion UAH were received. We are grateful to the citizens and businesses who bought these bonds and thus invested in a strong army and a stable state,” the prime minister added.
Shmygal thanked Ukrainian businesses, which paid 80 billion more in taxes in 2022 than in 2021.
“Your steadfastness, patriotism, adaptability and social responsibility allowed to keep the economy of Ukraine afloat. 2023 should be the year of our victory and the year of the beginning of the recovery of our economy. We work together for this,” he concluded.

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“Nova Poshta” paid more than UAH 5 billion in taxes last year

Nova Poshta Group paid more than 5 billion hryvnias of taxes and duties to the budgets of all levels in 2022.
Vladimir Popershnyuk, co-owner of Nova Poshta, said this in his New Year’s greeting to the company.
He also noted that the company continues to develop and open international offices even during the active phase of the war.
For his part, the CEO of NovaBox, Alexander Lisovets, said that the company will soon present the company’s union postal terminals in Poland.
As it was reported, in 2021 Nova Poshta paid to the budget of all levels more than 6.4 billion UAH of taxes and duties, which is 26% more than in 2020.
Nova Poshta includes, in particular, Nova Poshta, NP Logistics, NovaPay and Nova Poshta Global.
The network includes about 10 thousand branches all over Ukraine.

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KYIVSTAR PAYS UAH 4.2 BLN IN TAXES TO STATE BUDGET SINCE START OF WAR

Since the start of Russia’s full-scale invasion of Ukraine, the Kyivstar mobile operator has paid UAH 4.246 billion in taxes and fees to the state budget, including UAH 1.682 billion ahead of schedule, the company’s press service said on Tuesday.
According to the operator, today Kyivstar has connected more than 1,200 bomb shelters in different cities of the country to free wired Internet, and also transmitted more than 300 million State Emergency Service messages with vital information to the population.
In addition, the company transferred over UAH 33 million to the humanitarian needs of the military, hospitals, the elderly and those affected by the war. The operator’s subscribers, using short numbers and the Smart Money service, transferred more than UAH 3.2 million for humanitarian needs of hospitals and the military, the press service clarifies.
“More than 90% of the company’s network functions stably and provides subscribers with communication and high-speed Internet services. To do this, in the first quarter of 2022, the operator invested UAH 659 million in the development of communications. During the hostilities, the company built 110 new mobile communication facilities and improved 4G communications in 3,500 settlements,” the report says.
According to the operator, during the war, the company’s subscribers were provided with free services worth UAH 429 million. Subscribers in 30 countries of the world receive communication services at the same tariffs as in Ukraine.
In addition, Kyivstar provides doctors working in risk areas with free mobile communications.

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SYNEVO LABORATORY PAYS UAH 35 MLN IN TAXES, FEES IN MARCH-APRIL – SKAVRONSKY

In March-April 2022, the Synevo laboratory paid UAH 35 million in taxes and fees to the budget, commercial director of the Synevo laboratory Mykola Skavronsky said.
“For March and April 2022, the Synevo company still paid about UAH 35 million in taxes and fees to the state,” he wrote on his Facebook page.
Skavronsky also said that in March and April 2022, the Synevo laboratory paid UAH 67 million to its employees “1.5 times more money than the entire revenue for these two months”, the total cash receipts of Synevo during this time amounted to UAH 47 million.
“Financial support for our employees in the first months of the war was provided exclusively at the expense of Synevo’s own reserves,” Skavronsky wrote.
Synevo is the largest network of laboratories in Ukraine, part of the Swedish medical holding Medicover. The Synevo network includes 320 laboratory centers operating in 125 settlements of Ukraine, as well as eight laboratories that perform more than 1,000 types of tests.
Every year, the company’s laboratory centers serve more than 4 million customers.

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