Magnitogorsk Iron & Steel Works (MMK) came up with a production performance report for the second quarter of 2010. The company manufactured 2,985,000 tons of steel and 2,623,000 tons of goods over the given period, which was, respectively, 9% and 7% better than in the first quarter of 2010. The enterprise’s hot-rolled production dropped by 112,000 tons, or 7% in the second quarter compared with the first quarter of the year; on the other hand, the output of goods with high added value increased by 174,000 tons, of 24%, with the share of such goods in the company’s total goods output rose

OOO Renaissance Capital Commercial Bank is closing down some of its representations in the Russian regions. The decision to this extent has been made by the company’s only stockholder. The change will involve the bank’s offices in Perm, Yekaterinburg, Naberezhniye Chelny, Volgograd, Rostov-on-Don, and Lipetsk.

Sverdlovsk Region Arbitration Court supported the ruling of the Federal Antimonopoly Service’s Sverdlovsk Region division regarding OAO MRSK Urala and OAO RSK as valid and legal, the spokesperson for the FAS’s Sverdlovsk Region division reports. The division declared on September 9, 2009 that OAO MRSK Ural and OAO RSK violated Article 11 (part 1, paragraph 5) of the Competition Protection Act. ‘The offense consisted in the two companies colluding in such a way which resulted in inflicting disadvantageous terms of access to RSK’s electricity network and electric power supply upon GSK-50. The

Transaero Airlines’ Yekaterinburg-Hurghada chartered flight will take off with an eight-hour delay. The company reports this has to do with the airplane’s engineering malfunction. ‘Because of this, the plane couldn’t leave the airport at the designated time. A reserve aircraft is expected to arrive in Yekaterinburg now, with the departure set for 5:20 PM,’ Transaero says. The carrier’s flight UN949 was supposed to have taken off at 9:40 AM. The passengers have already checked in.

Novolipetsk Iron & Steel Works (NLMK) section division (managed by OOO NLMK-Sort) sold 686,000 tons of metal goods to customers in the first half of 2010; this was 5% less than in the first half of 2009. According to the company’s official report, the 14% drop in the rod-shaped reinforcing bar sales (these went down to 375,000 tons) was made up for by the growing sales of other products. For one, the enterprise sold 82,000 tons of coil-shaped reinforcing bars (which was 42% more than a year earlier), 38,000 tons of wire rods (which was 15% better than a year earlier), and 104,000 tons of

President of LORAN High Style Group and the owner of KEF Restaurant Valeriy Loran denied the alleged sale of the eating house. ‘It’s true that the rumors regarding the sale do pop up every now and then, but I do not understand their origin. People say a lot of different things nowadays, but these are just rumors. The premises of the restaurant are now rented, but the restaurant itself has not been sold,’ Loran said to UrBC. KEF Restaurant is a premium class eating house that serves Oriental, European, and Japanese cuisine and has been operating in Yekaterinburg since 2003.