14:39 26.02.2014

Akhmetov holding calls for reform in Ukraine

2 min read

SCM, one of the largest holdings in Ukraine, believes it is necessary to conduct reforms in Ukraine, introduce effective public administration mechanisms, considerably expand the powers of regional administrations, and increase the transparency and accountability of the authorities to civil society.

Ukrainian businessman Rinat Akhmetov holds a 100% stake in SCM.

"We believe that Ukraine has huge potential. Like all Ukrainians, we want a new country to be created, a country that will have democracy and supremacy of law and protect property, free competition, and social security," the holding said in a statement issued on Wednesday.

SCM said that holding, which employs some 300,000 people, continued to adhere to the principles of professionalism, transparency, and democratic values.

"We want to live and work in a strong, united, independent Ukraine, which has a strong economy," the statement says.

SCM said that it is ready for the introduction of a new system of coordinates and is prepared to work in it.

"We will use all available means to promote the achievement of the goals that have been set for the prosperity of Ukraine," the statement says.

SCM says the future of Ukraine will depend on the stability of its economy and for that reason the enterprises of the holding are working despite the political crisis in the country.

SCM Group is comprised of the mining holding Metinvest, the energy holding DTEK, the banks PUMB and Renaissance Capital, the insurance groups ASKA and ASKA-Life, the telecommunications group Vega, the media group Ukraina, the publishing holding Segodnya Multimedia, ESTA Holding (real estate), Ukrainian retail (retail), UMG (clay mining), Parallel (petroleum products market operator), HarvEast (agriculture), the machine-building holding Corum, the transport holding Portinvest and others.

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