‘We have placed a claim against Khoroshiy Vkus (Good Taste) food enterprise with the Court of Arbitration recently,’ the meatpacking plant’s Marketing Director Sergei Vorobyov said to UrBC representative. Sverdlovsk Region Court of Arbitration is to consider the claim tomorrow. ‘We thought it was essential that the patenting services make an examination and produce the results; this should have been completed by tomorrow, and our further strategy will entirely depend on their decision,’ Mr Vorobyov said.

Two switchyards with capacities of 400 and 250 kilovolt-amperes have recently been installed in Artemovsk network of SverdlovEnergo JSC. To make this possible, a five-kilometer transmission facility for 10 and .4 kilovolt was built; the project was estimated to cost 2.4 million RUR. These switchyards are to provide electricity for residents of Alexander Matrosov St and Shkolnaya St with their 80 private houses, 2 blocks of flats, a school and a kindergarten. The introduction of switchyards will also provide for the village of IMZ in Irbit, Sverdlovsk Region, reports the company’s spokesperson.

Russian Federation Government annulled the so-called gold share privilege in 36 companies after the corresponding decree had been signed by Head of Government Mikhail Fradkov on February 20, 2006, reports the spokesperson for the Government. The unfortunate companies include joint-stock companies: Kachkanar and Vysokogorsk ore mining and processing enterprises, and South Ural Cryolite Works.

Sole trader Lev Kovpak reports that the regional Kirovskiy supermarket chain is to acquire new proprietorship in the second half of 2006 (at the moment, 95% of the stores function as individual enterprises belonging to Mr Kovpak). ‘This is being done in order to adjust our policy to the new alcohol-trading legislation. In the second half of 2006, sole traders will begin to grow less efficient, so we’ve decided to move on to joint-stock companies that will probably have all the rights to Kirovskiy trademark,’Mr Kovpak said.

Moscow Interbank Currency Exchange (MMVB Stock Exchange) began to trade the interest-bearing documentary non-convertible bonds of Magnesite Group Ltd. Face value of a bond is 1,000 RUR, the total quantity of the bonds is 1.5 million RUR. The total number of coupons is 6. The first three coupons interest rate has been established at the level of 9.85 % per annum. The drawn-on date is December 18, 2008.

‘In January, the freezing weather and the natural gas supply limits the plant’s output underwent some changes. Basically, we had to merely survive and all our efforts were aimed at meeting the scheduled production goals,’ the company’s spokesperson said to UrBC representative. According to the plant management, the company shipped (by rail) one-third less of metal in January 2006 than a year earlier. The loss of profits has been estimated to come to 70 million RUR. Yet the plant ships 18% of everything transported via the local railroad service.

Russian Federation Government annulled the so-called gold share privilege in 36 companies after the corresponding decree had been signed by Head of Government Mikhail Fradkov on February 20, 2006, reports the spokesperson for the Government. The unfortunate companies include Russian Tube Industry Research Institute JSC.

Magnesit Group investments into reconstruction and replacement of its member, Kombinat Magnesite, conservation services are expected to come to 91.76 million RUR within 2006. The company’s strategy is guided by the need to make sure that its environmental management system complies with the international standards as well as the growing requirements of Russian environmental regulations. Environmental projects section of Magnesite Group investments program provides for reconstruction of existing nature-conserving services, withdrawal of outdated units, perfection of existing environmental

UralRromBank Board of Directors announced the annual general meeting on April 7, 2006. The points on the agenda include approving the annual balance sheet as well as the profit and loss account as well as their distribution. In what regards the dividends, the Board decided to pay only the preference share dividends and pass the other types. Besides, the shareholders will have to agree on Listik and Partners Ltd. as their auditor and Ms N. A. Yudina as their inspector. Some amendments to the company’s Charter and the Board of Direction Statute.