Magnitogorsk Iron & Steel Works (MMK) started making cold-rolled hot-dip-galvanised products in accordance with the EN 10292:2007 standard that defines the delivery specifications and quality of strips and sheets made of high yield limit steel with coating made in the process of continuous hotmelt dipping, MMK’s press officer reports. The enterprise aspires to improve its competitiveness through adhering to the world’s most advanced product quality management trends. MMK relies on the newest machinery and promising steels-based goods and is trying to most efficiently meet the increasing

Central Bank of Russia reports volume of loans given by SberInvestBank to for-profit self-regulatory organizations for 91 to 180 days plummeted by 100% (from 55 million RUR to zero) in January-April 2008.

‘Alfa Capital’s customers first started to complain about a month ago when they found it difficult to get the investments they’d made into the cooperative back,’ says Accord Invest’s Deputy GD Konstantin Selyanin. The anonymous dissatisfied customers report they had invested some money in this consumer cooperative but were never able to get their money back when the time came. The investors say their money could have been refused to them due to financial troubles that, in their, turn, had been caused by the recent arrest and temporary freeze of the company’s accounts. In the meantime, the

Central Bank of Russia reports volume of loans given by Perviy Respublikanskiy Bank to for-profit self-regulatory organizations for over 3 years dropped by 96.81% (from 170 million RUR to 5.415 million RUR) in January-April 2008.

Following the inspections carried out by Sverdlovsk Region Ministry of Natural Resources in April 2008, twenty-three unauthorized dumps were detected in seven out of Yekaterinburg’s eight districts, the spokesperson for the Ministry reports. These illegal dumping grounds cover a total area of 5,000 square meters in Ordzhonikidzevskiy district alone. Apart from these inspections, the Ministry is currently checking forty-seven local builders and has already administered 40,000 RUR worth of fines for dirt and construction waste. In addition, to mark the Year of Cleanliness, the housing

According to the National Managers’ League’s profitability ranking of unit investment trusts as of May 6, 2008, the share price of CIT Fortis Russian Telecommunications (CIT Fortis Investments Management Company) has gone down by 23.72% since January 1, 2008.

Central Bank of Russia reports volume of loans given by UralTransBank to sole traders for 181 days to 1 year went down by 47.35% (from 235.099 million RUR to 123.774 million RUR) in January-April 2008.

Pervouralsk New Pipe Plant restored a local Great Patriotic War monument commemorating the plant’s workers who had taken part in the war and had it unveiled on May 9, 2008, the Victory Day. The memorial is located next to the plant management’s office and is dedicated to employees who were killed or missing in action during World War II. The original marble obelisk was replaced with the granite one, with the newly made inscriptions. Besides, the eternal flame was rekindled once again.

‘The real inflation rate has already left the expected figures far behind. Everything is growing more expensive, and the railway is no exception. Costlier freight is bound to boost inflation even further, which in the long run will affect the consumers’ expenses,’ Director of Sintur Trans Eduard Syedin said to UrBC. In the meantime, the Russian Federation Government accepted the Ministry of Economic Development’s proposal regarding the 8% increase in railway freight tariffs beginning from July 1, 2008. ‘We are not planning to raise our railway tariffs at the moment, as we think we’ll cut down

According to the Central Bank of Russia, volume of loans given by Sverdlovsk Gubernskiy Bank to for-profit self-regulatory organizations for 31 to 90 days went down by 51.25% (from 495.91 million RUR to 241.726 million RUR) in January-April 2008.

According to the National Managers’ League’s profitability ranking of unit investment trusts as of May 6, 2008, the share price of Raiffeisen Telecommunications (Raiffeisen Capital Management Company) has gone down by 23.39% since January 1, 2008.