Magnitogorsk Iron & Steel Works (ММК) carried a financial report for the second quarter of 2010; the report was drawn up in compliance with the International Accounting Standards. MMK Group’s revenue in the second quarter of 2010 rose by 25%, or up to $2,068m against the first quarter of the year. The consolidated EBITDA went up by 17% and reached $437m. ‘Despite the dramatic increase in the raw materials prices in the second quarter and less favorable market opportunities, our EBITDA margin still looked good at 21.1% starting June 2010,’ the report states. As for the profits, they

The 8th Arbitration & Appeals Court ruled in favor of the decision made by Tyumen division of the Federal Antimonopoly Service; now the Service declared that OAO TyumenEnergo had violated the existing antimonopoly agreement in that the company backed out of signing a technical connection agreement with the owners of dwellings located in the villages of Kazarovo and Bereznyaki, the FAS’s press service reports.

OAO Stroymash Plant is taking part in Budpragres, the major international exhibition in Minsk, for the third time this year. ‘The plant’s produce that one can see at the fair is very popular with customers around Russia and the CIS, and this success is well deserved. To make sure working with us is both comfortable and reliable, we keep on developing, upgrading our production facilities, expanding the range of machinery available, and improving on the service quality,’ the plant’s representatives said to UrBC reporters. ‘The exhibition made it clear that visitors were quite interested in

Starting October 1, 2010, Ural Airlines is to operate flights to Sofia. This is, in fact, the first scheduled flight ever that will take the passengers from the Urals to Bulgaria’s capital. The agreement on the launch of the flight was made possible thanks to the joint efforts on the part of the air carrier and the Bulgarian consulate. ‘The number of Bulgarian visas we offer has increased by over five times over the last five years. The figure went up by 60% in the year 2010 alone, that is, compared with the year 2009,’ says Bulgaria’s Consul in Yekaterinburg Plamen Petkov. ‘Prior to the

The Federal Air Transport Agency (Rosaviation) came up with a report on the flights delayed by airlines over the last few months. According to the agency’s data, SkyExpress put off a quarter of all the flights it operated in August 2010, thus becoming the top flights delayer among all the Russian air carriers. Rosaviation reports SkyExpress operated 947 flights in August altogether, including 235 delayed ones. What is more, forty-eight of these delayed flights (thirty-four scheduled ones and fourteen chartered ones) were put off by more than six hours.