A.K. Serov Metallurgical Plant (UMMC ferrous metallurgy division) made 148m RUR worth of net profit in 2010 against 1.7bn RUR worth of losses in the year 2009. In terms of output, the company produced 477,000 tons of rolled metal stock and calibrated steel, which was 30% better than in the year 2009, but still 12% lower than what the plant achieved before the recession, in 2007 (535,900 tons). At the same time, UMMC press service reports that, despite all the positive changes occurring in 2010, the retail rolled metal stock prices went up more slowly than the raw materials prices and those

The Deputy Chairman of Russia’s State Duma Valery Yazev coordinated an extended Duma session dedicated to financing The Industrial Urals-The Polar Urals, a multi-faceted investment project, in 2011-2013. Yazev feels the implementation of the project is obviously hindered by a number of obstacles. The main reason behind this lagging behind is the insufficient federal budget financing of the key infrastructure item, that is, the bridge over the Ob in Salekhard. The plans to build the bridge do exist, but the deadlines are set in the distant future. Until we have a clear and distinct federal

The level of computer piracy went down by 2% in Russia and now comes to 65%, which is quite close to the average figures for Central and Eastern Europe (64%). Such are the findings of 2010 Global Software Piracy Study conducted all over the world by BSA, the Business Software Alliance. According to this research, about $3bn worth of illegal software was installed on Russian PCs last year. Whatever happens on the world and national markets, Russia’s computer piracy level has been going down for the last six years, which means the recently adopted copyright protection measures do work,’ says

Uralmash Heavy Machine-Building Plant got some new shareholders recently. For one, Uralmash Machine-Building Corporation reduced its shareholding from 74.17% down to 50.29%. The 23.88% shareholding was given over to OOO Aragon that didn’t use to have any shares in Uralmashzavod before.

Head of Yekaterinburg City Council Alexander Yakob held a meeting of the city strategic development committee in order to look into an updated version of a strategic project on Yekaterinburg hotels. The project began in 2005, and over fifty new hotels with a total of over 3,000 rooms have been built since then, with fifteen hotels reconstructed as well. At the moment, there are ninety-five hotels in Yekaterinburg ready to host 7,732 people altogether. Five foreign hoteliers run their business here, namely, Hyatt, Park Inn, Ramada, Angelo, and Novotel. Twenty-five more hotels will have been