Sotsialnaya Zaschita Starosti (Social Protection of the Elderly) non-governmental pension fund and Renessans Capital Management Company Ltd. signed the superannuation funds management contract. This fact was reported to UrBC representative by a spokesperson for the Fund. According to their CEO, Igor Skrypkin, the offer of Renessans Capital meets the strategic objectives of the pension fund, primarily aimed at conserving pension contributions of private persons, and hedging them against the inflation. To date, the total investments of the pension fund trustors amounts to 120m RUR. Within the

Within the first quarter of 2006, the sales of Chelyabenergosbyt JSC, Chelyabinsk regional electricity supplier, came to 98.5% of the company’s sales target. The same figure for the previous year amounted to 97.4%. During the three months the company’s accounts receivable grew by 77.1m RUR. According to PR-department of Chelyabenergosbyt, some heavy electricity users keep their debts to the company unpaid during a number of years. The total amount of indebtedness of the Chelyabinsk Region housing and communal services comes to 141.7m RUR, including 38.6m RUR of debts made by Oblkommunenergo,

No official orders to withdraw Borjomi mineral water from Sverdlovsk Region stores have been issued yet; however, the executives of local division of Rospotrebnadzor, a consumer goods watchdog, have already sent letters to their departments asking to check out all ‘suspicious-looking’ Borjomi bottles, their spokesperson Anna Kalinina said to UrBC representative. ‘We’re not going to withdraw every single bottle, just the suspicious-looking ones. The latter will undergo an expert examination and, should they fail to meet our demands, they will have to be taken away from the stores anyway,’ Ms

S7 Airlines signed interline agreements with Singapore Airlines and TAP (Air Portugal). The agreements provide for mutual acceptance of bills of lading and other papers concerning cargo. According to Interline Director of S7 GROUP Dmitriy Pavlushin, passengers using S7 can now acquire tickets for any Singapore Airlines and TAP flights, and vice versa. Besides, they can use a single form to book and buy the ticket for any of the three carriers’ flights. S7 spokesperson also mentioned the upcoming special agreement with Singapore Airlines that will allow S7 passengers use special tariffs for

Gorno-Shakhtskiy and Irbinksiy subsidiaries of Evrazruda, Russian ore maker, located in Kemerov Region and Krasnoyarsk Region, respectively, have recently undergone working conditions certification procedure that lasted for 6 months. According to Evrazruda spokesperson, the company executives carried out the full examination and assessment of working conditions against the technical, technological, safety, and organizational standards. Some of the working places were found suitable, some of them only partly so; now the company is taking steps to improve the quality of the latter. Thus the