Ural Turbine Works JSC (part of Renova Group) exhibited its products as well as the new equipment upgrading projects at the 10th International Exhibition called Oil and Gas of Uzbekistan (OGU 2006) held in Tashkent in mid-May. Some 120 companies coming from 15 countries (Austria, Canada, the Czech Republic, China, France, Germany, Iran, Kazakhstan, Malaysia, Russia, Sweden, Turkey, the Ukraine, the United States, and Uzbekistan) took part in the exhibition, including Gazprom, LUKOIL, Uzbekneftgaz, and Zeromax. Uzbekistan’s compressor plants are equipped with 41 gascompressor units made at the

Yielding to the proprietors’ demand, Hardware and Metallurgical Plant of Nizhnie Sergi purchased interest-bearing certificated non-convertible bearer bonds of 01 series worth 689,621,000 RUR. The state registration number of the bonds is 4-01-04164-K dd. April 14, 2005. The company’s commitment to purchase the bonds was fulfilled by May 25, 2006 to the amount of 689,621,000 RUR.

‘On May 26, 2006, Governor Eduard Rossel received Ambassador Extraordinary and Plenipotentiary of India to Russia Kanval Sibal with a group of Indian business community representatives at the Government House. This was the first visit of Mr Sibal to Sverdlovsk Region. The day before, Mr Sibal visited the town of Novouralsk, where a joint venture of Ural Automobiles and Motors and of an Indian firm Tata Motors is built up,’ – Information Policy Department of Sverdlovsk Governor’s Administration reports. ‘Mr Ambassador spoke about Indian national economy. Non-manufacturing businesses make up

Kazsky branch of Evrazruda JSC, the Ore Company and member of Evraz Group, put a new drilling device UBSh-207 into operation. The machine is produced at the Darasunsky Mining Equipment Works of Chita Region. The device is meant to ensure roadway drivage at the level of -230 meters, Evrazruda PR-department reported. ‘Using the device instead of hand punchers allows for mechanization of drilling process, and also for an increase in labour productivity, penetration rate, and for a reduction in production costs. Drilling with hand punchers requires three drift miners operating at the drilling

In the course of the meeting of Ambassador Extraordinary and Plenipotentiary of the French Republic to Russia Jean Cadet and of a group of fifteen French business community representatives with Governor Eduard Rossel that took place on May 25, 2006, the Ambassador spoke about the events held during the Days of France in Yekaterinburg Week: the fashion show by French clothes designers willing to work in the Urals, the engineers’ forum and the Cooperation in the Field of Industrial Pollution Workshop, reports the Governor’s spokesperson. M. Cadet also gave some details on the procedures

Chelyabinsk Plant of Production Tools CJSC held the annual shareholder meeting; it resulted in approving of the annual report as well as of the annual accounting report, including the profit and loss statement. The shareholders also decided to pass a dividend for 2005 and write off some of their losses using the capital surplus and write off the unconfirmed asset for their criminal investigation losses (the case concerns the bills of exchange bought by the company).

On May 30, head of RosAtom Federal Atomic Power Agency Sergey Kirienko will visit Mayak Production Association of Osersk, Sverdlovsk Region. Mr Kirienko is expected to hold a meeting concerning the company’s production programs and the possibility of going back to the construction of the South Ural nuclear power plant. Besdies, Mr Kirienko should meet the community representatives of Chelyabinsk Region and of Osersk.

Evgeniy Zaitsev was appointed director of Moscow subsidiary of Ulgemetbank JSC after the corresponding decision was made by the bank’s GD on May 11, 2006, the company’s spokesperson said to UrBC representative. Prior to this appointment, Mr Zaitsev (born in 1978) worked as the Director for Legal Issues and then as Deputy Director of the bank’s Moscow subsidiary. Mr Zaitsev graduated from Kemerov State University in 2002. Former Director Alexander Ovchinnikov was appointed First Deputy CEO by the Board of Directors in March 2006. It was also then that Konstantin Panfilov succeeded Sergey