Ural and Volga Interregional Network Company JSC has suggested doubling investments component of electric-power transmission tariff in 2007. The corresponding proposal has been submitted to Russian Federal Tariff Service and to the regional power committees. The money collected through the tariff raising is to be invested into modernization of electric network equipment. To date, the deterioration rate of the equipment run by the company is about 70%. ‘The increase in the investment component is going to yield about 16bn RUR,’ indicated the company’s Chief Financial Officer Dmitry Ryabov. The

Seversky Tube Works JSC (part of Pipe Metallurgical Company JSC) has released preliminary results of its production operations within the first nine months of 2006. Throughout January to September 2006, Seversky Tube Works JSC has shipped 492,600 tons of tubes. The company’s steel production within the same period amounted to 399,000 tons.

One of the most beautiful temples of pre-revolutionary Yekaterinburg – The Holy Ghost Descending Temple (aka ‘Khrysostomos the Large’) – is going to be rebuilt at the site of the original temple at the crossing of Malyshev St. and Eighth of March St. The rebuilding was initiated by Yekaterinburg Diocese of Russian Orthodox Church, the city administration, Russian Copper Company and Ural Mining and Metallurgical Company. The project is funded by the leading Ural copper producers. According the architects’ idea, the new temple is to be a replica of the original one as it could be found in the

The power shop personnel of Evrazruda JSC Abagursky subsidiary (part of Evraz Group) have celebrated its 50th anniversary. The company’s steam and water supply system that originally contained two six-ton steam boilers, was among the first units constructed at the building site of Abagursky Sintering Plant. Today, the shop comprises two subdivisions, namely, the boiler and compressor sector and the heat network sector. The subdivisions run the boiler house equipped with six coal-burning steam generating units and one oil-burning one, the compressor house, two industrial pumping installations,

The net proceeds of Mechel JSC in the first half of 2006 decreased by 7.3% against the figures for the first half of 2005 and came to $1,926,516,000. The company’s GOI amounted to $209,475,000 (a decrease of 42.2% compared to the same figures for the previous year). The net profit of Mechel went down by 25.4% and amounted to $181,664,000. This was reported by the spokesperson for Mechel JSC to UrBC representative.

State District Power Plant of Troitsk JSC, part of OGK-2 JSC, summed up its success within the firs nine months of 2006. Throughout January to September, the company has produced 6.6bn kilowatt-hours of electric power. The heat power supply amounted to 339,200 gigacalories. This was reported by PR-department of OGK-2 JSC to UrBC representative.

Chelindbank joint-stock bank celebrated its 16th anniversary on October 16, 2006. According to the spokesperson for the bank, Chelindbank holds a leading position on the regional financial service market. It steadily hits the Russian top-100 and the regional top-10 bank ratings in terms of assets. The priority directions of the bank’s development are lending and retail business. Within the past months of 2006, the bank’s loan portfolio has gone up by 34% and reached the point of 10.6bn RUR. The volume of natural person accounts amounted to 6.7bn RUR, with the number of Visa cards issued by

Ural Airlines assessed their success in nine months of 2006; overall, the results look better than in January-September 2005. Thus, the passenger turnover went up by 13% and came to 2,106,361,000 passenger-kilometers. The carrier has serviced 803,213 people since the beginning of the year, which exceeds the figures for the nine months of 2005 by 13%. This figure includes 466,308 passengers on domestic flights (13% more than in January-September 2005), 55,638 passengers flying to the countries of the NIS (14% more than in January-September 2005), 69,708 people using regular international