The year’s last Economic Board’s meeting, chaired by the company’s Vice President Vladimir Shmakov, was held at Magnitogorsk Iron & Steel Works. The main points on the meeting’s agenda had to do with evaluating the enterprise’s activity in 2007, the development of the corporate information system, and elaborating the business’s general economic action plan. MMK was reported to produce more than 1 million tons of goods a month throughout 2007, thus exceeding the production output by almost 9% compared to 2006. The enterprise was expected to come up with 12.2 million tons of metal goods by

The Japanese lean production system known as 5S is currently being launched at UC RUSAL’s bauxite mine in Severouralsk, the company’s local press officer Roman Lukichev says. All the mines and production shops have been provided with step-by-step plans of introducing the lean production principles; they’ve also got workplace clean-up schedules and zoning schemes now. Prior to launching the new system, the shop premises were refurbished, and all the tools have been re-examined and sorted out. Finally, the areas of the shop that are safe to be in are now marked with yellow lines. 'We

According to RBC.Rating, most of the banks on Russia’s Top 100 Most Profitable Banks list are provincial ones, with SKB-Bank rated 83d largest bank in terms of profit in January-September 2007. SKB-Bank’s balance sheet profit reached 394.4 million RUR on October 1, 2007, which is 48% better than a year earlier. The impressive dynamics resulted in SKB-Bank’s promotion by five positions in this year’s rating. The bank’s profit is expected to exceed 600 million RUR in 2007, which is a lot better than a year before.

Central Bank of Russia reports volume of natural persons’ demand deposits in AGROPROMBANK Credit went down by 45.25% (from 53.998 million RUR to 29.022 million RUR) in January-November 2007.

The public prosecution authorities of Verkhnyaya Salda and the regional division of Rostechnadzor (the state environmental, technological, and nuclear safety watchdog) inspected VSMPO-AVISMA for compliance with the labor protection standards. It was felt the inspection was needed after a high-pressure container exploded in one of the gas furnaces at 11 PM on December 2, 2007. Six people were injured, with one of them dying immediately and another one passing away in hospital. It was detected in the course of the investigation that the company’s management was not trying hard enough to ensure

According to the Central Bank of Russia, volume of state-run non-profit organizations’ deposits in VUZ Bank valid for 1 to 3 years went down by 7.99% (from 65.217 million RUR to 60 million RUR) in January-November 2007.

Ural Airlines’ scheduling experts have already planned the medium-term timetable in a way that gives all the pilots a chance to celebrate New Year on land and at home. The carrier’s press officer says the number of flights scheduled for December 31, 2007 has been reduced by 40% (two flights bound for Moscow, a flight bound for Samara, a flight bound for Novosibirsk, and a flight bound for Surgut were cancelled). This year’s last flights are expected to arrive in their destination points no later than 10 PM (local time). For instance, a plane from Tashkent will land in Yekaterinburg at 4.45

Fulgate Consultant Limited acquired 25% plus one share of Koltsovo Invest that was formerly owned by Sverdlovsk Region and then offered for sale. Coincidentally, Fulgate Consultant Limited used to own a 6.58% shareholding of Koltsovo airport of Yekaterinburg.

Central Bank of Russia reports volume of natural persons’ deposits and investments in Plato Bank valid for 91 to 180 days went down by 63.63% (from 3.61 million RUR to 1.313 million RUR) in January-November 2007.

According to the Central Bank of Russia, volume of loans given by Ural Innovational Commercial Bank to natural persons for 1 to 3 years went down by 72% (from 27.811 million RUR to 7.783 million RUR) in January-November 2007.

Central Bank of Russia reports volume of loans given by Sverdlovsk Gubernskiy Bank to sole traders despite overdraft went down by 16.49% (from 4.898 million RUR to 4.09 million RUR) in January-November 2007.