Magnitogorsk Iron & Steel Works (MMK) and Russian Railways Public Company signed their Cooperation Agreement for 2009. According to MMK’s PR Department, the agreement aims to create some mutually beneficial cooperation between the parties involved in the field of their transportation, production, financial, and investment policies. Russian Railways Public Company has promised to handle the delivery of all of the plant’s produce in accordance with the latter’s applications. The plant’s Management Company, in its turn, promised to operate the rolling-stock with care and to supply Russian

Ural Federal District’s Department of the Ministry of Internal Affairs carried out an investigation that revealed some large-scale theft of Sverdlovenergosbyt’s funds. It was detected that in the course of payment transactions with other companies and while paying off the non-existent electricity supply debts, some 160 million RUR were transferred into various bank accounts and then stolen from the company. As a result, this state-private joint stock company incurred considerable losses. The law-enforcement agencies have already instituted legal proceeding; the criminal lawsuit involves a

On June 13-18, 2009, MegaFon Ural’s Sverdlovsk Region-based customers will be able to register with other operators’ networks. The offer has been launched by the company because of the upcoming Shanghai Cooperation Organization and BRIC summits in Yekaterinburg. During the summit period, MegaFon Ural suggests using manual network search for registration and choosing the tariff schemes.

‘We had to lay a claim with Sverdlovsk Region Arbitration Court against STKS Nedvizhimost and Vodyanoy because these companies are the guarantors of a loan UniCreditBank gave to STKS, and the loan is not being paid off,’ the spokesperson for UniCreditBank explained to an UrBC reporter. Meanwhile, Sverdlovsk Region Arbitration Court is now looking into the claim laid by UniCreditBank against STKS-Nedvizhimost and Vodyanoy; the plaintiff insists that the defendants should pay them 163,205,903.41 RUR and on having the defendants’ mortgaged property arrested. ‘We have shown our willingness to

The number of people applying to with Nizhniy Tagil employment center in search of a job has reached 10,200 people over the five months of 2009. The number of people registered with the center came to 5,300 people on June 1, 2009, Sverdlovsk Region’s division of the State Employment Service reports. These figures largely depend on the state of events at Uralvagonzavod, the city’s industrial giant. The plant’s management declared earlier that they were going to send over 20,000 workers on forced leaves. In the meantime, the number of people who’ve been able to find a suitable job came to 4,100

Ural Plant RTI’s annual general meeting held in Yekaterinburg recently resulted in the decision to pass all kinds of share dividends for 2008, mainly because of lack of profit last year. It was also decided that the BOD members and the board of auditors would have to make do without any annual bonuses as well.