OREANDA-NEWS. March 23, 2011. In 2010, Metinvest, a vertically integrated group of metals and mining companies, has almost doubled its tax payments to the budgets of all levels. Total amount of taxes and duties paid by the Group exceeded UAH 11 bln. vs. around UAH 6.5 bln. in 2009.

In 2010, Ukrainian enterprises of Metinvest paid UAH 11.062 bln. as taxes and duties, including UAH 1.599 bln. to the Pension Fund. All payments were effected on time, in full and meet the principles of transparent and responsible business practices.

Metinvest Group carries out its operations in full compliance with the legislation currently in force. The Group is an exemplary tax payer.

The Group’s financial strategy is the key factor for increased tax payments: the strategy is aimed at building transparent and coherent partnerships, complete and timely fulfillment of tax liabilities, and, ultimately, development of Ukrainian economy.