“Investors need a long-term development strategy for Ukraine. It is important to predict the market situation while working in Ukraine and to understand the business growth strategy. Investors want to know when to sell or buy a business. The groundwork available for the country’s development strategy does not provide an answer to these questions,” said Andrey Gorokhov, CEO of UMG INVESTMENTS company, at the fourth Kyiv International Economic Forum.

In 2016, Vesco, the clay production business of investment company UMG, sold 2.2 million tonnes of clay, an 11% decrease over 2015.

In 2016, the flux and dolomite business of the UMG investment company, represented by the Novotroitskoye Ore Mining (NOM) and the Dokuchayevsk Flux and Dolomite Plant (DFDP), increased the sales of limestone products by 24.4% YOY, up to 3.4 million tonnes.

The UMG Resource company, which specialises in industrial waste management, in 2016 increased its revenue from the sales of ash-slag materials by 47.5% year-over-year—up to 149 million UAH.

SCM Group reports that today, on 15 March 2017, it has lost control over its assets based in the non-government controlled areas of Donetsk and Luhansk oblasts (NGCAs), namely:

SCM Group has always been working only within the laws of Ukraine, including our businesses in the NGCA. No pressure can make us change the jurisdiction of our assets.

Rinat Akhmetov directed all the necessary resources to rescue civilians in the settlements of active hostilities. This was announced today during the briefing at “Ukrainski Novyny” information agency by Rimma Fil, the Humanitarian Center’s Coordinator.

UMG is announcing administrative and staff changes. Dmitriy Anufriev has been appointed Chief Operating Officer, Orest Novoselskiy is to hold the position of Strategy Director and Sergey Melnichenko will now head Commercial Operations.

UMG (Ukraine) entered into an agreement with Sibelco (Belgium) for the supply of slag, which is a waste product from Ukrainian coal thermal power plants (TPPs).

Lectures for pupils of the 10th and 11th grades of Druzhkivka schools was held within the international “STEM: Occupations of the Future” project.