UrBC, Yekaterinburg, September 21, 2010. Ural Airlines operated 1,810 flights in August 2010, including 707 international ones, 845 domestic ones, and 258 flights within the CIS. This was actually 5% better than a year earlier. As for the passenger turnover, 236,797 people flew with the carrier in August, which was 6% better than twelve months earlier. Ural Airlines managed to improve on its performance indicators thanks to entering some new markets: in the year 2010, the airline did more business in Moscow, Saint Petersburg, Novosibirsk, Samara, and Irkutsk. This winter, the air carrier

UrBC, Magnitogorsk, Chelyabinsk Region, September 21, 2010. The rating agency has recently promoted the rating outlook of Magnitogorsk Iron & Steel Works (ММК) from Stable to Positive; the enterprise’s long-term IDR has been affirmed at BB. Fitch Ratings reports the decision to improve the company’s rating outlook was brought about by a great increase in MMK’s ability to provide itself with raw materials over the last few years. What is more, the enterprise is to implement a number of investment projects to build up its raw materials base in the next three to four years. The promotion of

UrBC, Magnitogorsk, Chelyabinsk Region, September 20, 2010. A millionth ton of goods generated by plate mill 5000 was produced in the sheet-rolling shop No. 9 of Magnitogorsk Iron & Steel Works (ММК) during a night shift on September 13, 2010. The ‘anniversary’ batch of К60 (Х70) metal was meant for Vyksunskiy metallurgical plant, a member of United Metallurgical Company. Mill 5000 is the key component of MMK’s plate iron facility that also comprises an out-of-furnace processing unit and a continuous casting machine. MMK signed a contract for the delivery of the equipment with SMS-Demag,

UrBC, Magnitogorsk, Chelyabinsk Region, September 16, 2010. 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

UrBC, Magnitogorsk, Chelyabinsk Region, September 13, 2010. President of MMK Management Company Viktor Rashnikov signed an order for pay rises at Magnitogorsk Iron & Steel Works (ММК). The increase in wages and salaries will go along the wage-growth program adopted by the company. For one, the pay of workers, managers, white-collar experts, and clerks will go up 10%. This is the second time the enterprise’s employees have got a pay rise this year, as the wages and salaries went up 10% in March 2010. All in all, MMK is expected to spend about 1 billion RUR on wage increases in the year