The annual general shareholder meeting of Ural-Volga Interregional Energy Network Company JSC is scheduled for June 20, 2006, reports the company’s spokesperson. The meetings in regional network members TyumenEnergo, ChuvashEnergo and OhrenburgEnergo will also take place on that day. The other companies supervised by Ural-Volga Interregional Energy Network Company JSC have planned the annual meeting as follows: SverdlovEnergo JSC it to hold a meeting on May 30, UdmurtEnergo JSC – on June 1, KirovEnergo JSC – on June 5, ChelyabEnergo JSC – on June 2, PermEnergo JSC and MariEnergo JSC – on June

Magnesite Industrial Complex JSC (part of) has recently introduced the new investment and capital development managing software based on mySAP Business Suite. As Magnesite Group spokesperson said to UrBC representative, the project was carried out by the Complex professionals alongside with the highly reliable IKT Company with 15 years’ experience in IT consulting. IKT proffered an original way to manage the corporate investments and capital development by enriching the company’s SAP R/3-based information system with new automated functions. According to the Deputy GD Evgeniy Nenashev, this

SukholozhskCement JSC, cement maker of Sukhoy Log, is going to start design work and construction of the new cement production line with the annual output of 1 million tons in 2006. ‘The company’s production capacity comes to 2.5 million tons at the moment, and the construction of the new line would be quite worth it as the cement shortage is already keenly felt,’ Building Industry Director of Sverdlovsk Region Ministry for Building and Housing and Communal Services Vasiliy Karneev said to UrBC representative. The German concern Dyckerhoff co-owner of SukholozhskCement JSC, is planning to

‘The Accounts Chamber has not found any capital tax violations performed by metallurgical companies of EvrazHolding Ltd.,’ the Accounts Chamber Auditor Vladimir Panskov reports. As for the rumors concerning the Chamber’s claims to EvrazHolding Ltd. members in terms of tax payments, Mr Panskov said that the companies’ accounting systems complied with the Russian legislation. Yet the recent inspection has proved that the existing tax legislation has to be improved. ‘The current wording of the clauses does not always clearly define certain terms and procedures,’ Mr Panskov said. It is

21 insurance companies lost their licenses in Ural Federal District in 2005, the spokesperson for the Regional Insurance Inspection said to UrBC representative. 8 companies lost their licenses in the first six months of 2005, namely, Protex, Santa, and Grand Policy of Sverdlovsk Region, ZlatoMax, Chelyabinsk Insurance JSC and Trekhgorniy Med of Chelyabinsk Region, Panacea and West Siberian Transport Insurance Company of Tyumen Region. 6 companies lost their licenses throughout July to September 2005, namely, Eurasian Insurance Company of Sverdlovsk Region, ZHASO-Medicine, Mega, and

The net wealth of ChelyabInvestBank JSC has gone down by 8.6% since the beginning of 2006; by February 1, 2006, it was estimated to be worth 8,927,082,000 RUR, according to the data presented at Severnaya Kazna JSC corporate website. The bank’s loan portfolio has also gone down by 1.7% and reached the point of 5,144,772,000 RUR; the investments coming from natural persons went up by .2% and came to 3,526,217,000 RUR. The bank’s internal funds comprised 1,131,236,000 RUR by February 1, 2006.

Sverdlovsk Railways (Sverdlovsk regional branch of Russian Railways JSC) brought legal action against Uralvagonzavod Federal State Unitary Enterprise to Sverdlovsk Region Court of Arbitration. The object of the action is the recovery of 825,600 RUR from Uralvagonzavod for car detention. On its part, the defendant considers the penalty sum to be excessive and claims it to be miscalculated. So far, the Court postponed hearing of the case until February 28.

‘Flight performed by Carat Airline was not delayed due to money issues,’ says Chelyabinsk Airport spokesperson Denis Luzin. ‘Chelyabinsk-Eravan flight was delayed due to a technical failure last Wednesday. The flight was not canceled; it was only put off from 10 AM to 4 PM. Carat’s second aircraft (passenger-free) appears to have faulty undercarriage, so the technicians prohibit its use. The third aircraft hasn’t even been examined yet. This is an incident not exclusive to Carat Airlines, and it could happen to any carrier. The checkup and repair is going to take some time, and the company

On February 17, 2006, the Bank of Russia Board of Directors made a decision to refund the depositors of the Granit joint-stock commercial bank CJSC that was earlier declared bankrupt. Bank of Russia is going to pay 122.4 million RUR in total to 2,405 depositors. The payments are to be arranged through the mediation of Impexbank that established the smallest broker’s fee and provided the biggest branch network for the payments arrangement, the Bank of Russia External and Public Relations Department reports.