‘Sadly, Uralvagonzavod’s current managers have adopted a policy that is totally unsuitable for the existing circumstances. The plant’s former management had an entirely different approach to business development. They invested in product range expansion and improved on the plant’s potential as well as broke into the new markets. What’s more, the former executives set up a design office, a transportation department, a construction equipment department, and so on,’ Governor of Sverdlovsk Region Eduard Rossel said at a monthly press conference in Yekaterinburg. ‘The plant’s new managers’

The consumer electronics and white goods chain placed its insolvency application with Sverdlovsk Region Arbitration Court for the second time on September 28, 2009, the spokesperson for the court reports. According to the case papers, the company first applied for bankruptcy in July 2009 but then asked to stop all the legal procedures in September when the store thought they would be able to pay their creditors in full. The court agreed to do this on September 28, 2009; however, Uralskiy Val re-applied for bankruptcy on the same day.

Sverdlovsk Region’s division of the Federal Antimonopoly Service is to meet on September 30, 2009 in order to look into the case of Euro-Asian Management Company, Intensivnik’s Premier Hotel and City Hotel, Yekaterinburg Tsentralniy Hotel, Grand Avenue Hotel, and Iset Hotel. These hotels are suspected of violating article 11 (part 1, paragraph 1) of the Federal Competition Protection Act through colluding on their pricing policies on June 1-30, 2009. This time period covered the days of the Shanghai Cooperation Organization and BRIC summits in Yekaterinburg. The companies’ alleged colluding