Magnitogorsk Iron & Steel Works (MMK) won two gold medals at Metal Expo 2009, the international industrial exhibition in Moscow, the company reports. The medals were introduced to encourage and reward the Russian industrial, scientific and production, and research teams that have designed and launched some new machinery, technologies, or high quality metal goods that meet the modern technological standards. These gold and silver medals are awarded to the best enterprises and organizations. MMK was proclaimed the exhibition laureate and given Metal Expo 2009 gold medal for the development

The net loss of the Russian automobile giant amounted to 19.71 billion RUR in January-September 2009 (the data were compiled in accordance with the Russian Accounting Standards). The loss figure was only 834 million RUR in the three quarters of 2008, the company’s report says. AvtoVAZ’s revenues dropped down to 60.8 billion RUR in the three quarters of 2009; this comes to only 50% of revenues collected in the three quarters of 2008. The sales loss came to 5.83 billion RUR against 4.83 billion RUR worth of sales profits a year earlier. The manufacturer explains these losses have to do with the

Finnair has stopped operating its Helsinki-Yekaterinburg and Yekaterinburg-Helsinki flights for the time being. In fact, the airline has recently had to cancel about two hundred domestic and international flights because of a pilot strike. The pilots’ trade union is reported to have clashed with the company’s management. As for the Helsinki-Yekaterinburg flight, the plane was supposed to have landed in Koltsovo Airport of Yekaterinburg at about 6 AM.

Ural Federal District’s division of the Federal Financial Market Service ruled that Serov Ferrous Alloys Works should face administrative liability and pay a 700,000-ruble fine. It was declared that the enterprise had not followed the established order of making data publicly available on the securities market, which violates Article 15.19 (part 2) of the Russian Federation Administrative Offense Code.

‘As far as Palma-Tours was concerned, the problem was that some of their travelers had already flown abroad, but the agency still hadn’t transferred the money to their foreign partners. If it hadn’t been for us, these foreign tour operators would have never received the money at all. Palma-Tours was being quite uncivilized,’ President of Sverdlovsk Region Information & Tourism Center Vadim Viner said to UrBC reporter. Palma-Tours used to operate within Sverdlovsk, Chelyabinsk, and Tyumen Regions and Khanty-Mansiyskiy Autonomous District but is now closing down. Its offices are not