OAO Koltsovo-Invest’s only stockholder decided not to distribute or pay any share dividend for the year 2009 because the company made no profit last year.

Some representatives of the Pakistani business community are going to meet their Ural counterparts in the Ural Chamber of Commerce and Industry on Wednesday, July 26, 2010. It has been announced that Yekaterinburg will host the executives of companies dealing in textiles, food manufacturing, and industrial equipment.

OOO LeMa, a company which sells KIRBY vacuum cleaners, was fined for violating the consumer rights legislation. A Yekaterinburg resident applied to Sverdlovsk Region Hygiene and Epidemiology Center asking for legal advice regarding her clash with OOO LeMa located at 3 Bekhterev St. Off. 6. The said company prepared a demonstration of their product and signed a purchase and sale agreement for KIRBY model Sentra G10E in October 2009. The vacuum cleaner cost 115420 RUR. The presentation took place at night time and contained the information and claims which it was impossible to check or confirm:

Russia’s Federal Antimonopoly Service declared that Coffee House chain appears to violate the existing advertising legislation, RIA Novosti reports. The coffee chain’s primary problem is that their outdoor advertising campaign, dubbed The Mojito Season; the thing is, the advertisements do not warn the potential consumers about the health hazards associated with excessive alcohol intake. This is why Coffee House will have to face an administrative lawsuit and might end up paying between 100,000 RUR and 500,000 RUR in fines. OOO Coffee House & Cappuccino Bar representatives assure reporters

The Russian Federation Federal Antimonopoly Service received Х5 Retail Group’s application; the company would like to buy OAO Kopeika Trading House and its daughter enterprises. The FAS is going to consider the petition within the legally determined time limits. Now Article 33 of the Competition Protection Act states that the Service must make the decision within thirty days. This time limit could be extended if necessary, but for no longer than two more months.