‘Magnitogorsk Iron & Steel Works (MMK) produced about 1.1 million tons of metal goods at the beginning of 2008, whereas at the moment, the figure comes to 600,000 tons, or about 60% of the earlier outputs. Unfortunately, there is little or no purchasing power on the home market right now; moreover, we have to export at prices below the prime cost. Nevertheless, we did manage to break even in March 2009. We put a lot of effort into decreasing the prime cost, so now MMK is gradually starting to make a profit again,’ MMK BOD Chairman Viktor Rashnikov said at a press conference following the

‘It’s hard to speak about this or that company’s competitive advantages just now, because all businesses are going through hard times at the moment. Nevertheless, this crisis is bound to end sooner or later, and then, I am positive that MMK is going to have a great advantage over its rivals,’ British Petroleum’s Vice President for Russia and Kazakhstan and Magnitogorsk Iron & Steel Works (MMK) BOD member Peter Charow announced at a press conference dedicated to the enterprise’s annual general meeting. ‘First of all, MMK is conveniently located in the Urals, where most of the demand for

The stockholders of Nizhniy Tagil boiler plant decided in the course of the annual general meeting to pass the dividend for 2008. At the same time, each BOD members is to get the monthly remuneration of 30,000 RUR and is going to get all the job-related expenses covered (provided all the financial proofs are submitted properly).

The net profit of Ural Railway Machine-Building Plant went down by 128.464 million RUR, or 12.898% in the first quarter of 2009 (from 996,000 RUR worth of net profit in the last quarter of 2008 to 127.468 RUR worth of net loss in the first quarter of 2009). The plant reports the decrease in profits has to do with increased non-sales expenses, that is, growing U.S. dollar exchange rate.

Bogdanovichskiy District’s Justice of the Peace returned the verdict of ‘guilty’ upon a sole trader Oksana Cherdantseva, who was declared to have committed crimes describes in Article 146 (part 2) of the Russian Federation Criminal Code (violation of author’s rights), the spokesperson for Sverdlovsk Region’s public prosecution authorities reports. It was detected in the course of the court inquiry that Ms Cherdantseva had been selling pirated copies of audiovisual materials at one of the local malls since January 2008. In fact, 172 counterfeited DVDs with 598 illegally copied movies were