Svyatogor isn’t going to declare or pay any dividend for the year 2010; the decision to this extent was made by the shareholders in the course of the annual general meeting in Krasnouralsk, Sverdlovsk Region. The 1.05bn RUR worth of net profit in its entirety will be directed to capital investment.

The Bank of Russia’s PR Department reports that it has appointed its authorized representatives in twenty-one Russian banks. For one, the representatives will be present in Bank24.ru, Khanty-Mansiysky Bank, and Bank Severnaya Kazna.

Gazpromneft-Ural’s net profit (calculated in accordance with the Russian Accounting Standards) decreased by 24.3% in the first quarter of 2011 and came to 217.75m RUR, the company’s reports state. On the other hand, the enterprise’s revenues rose by 46.3%, up to 6.33bn RUR.

Moscow Arbitration Court declared that Capital Tour’s bankruptcy application was well-grounded, the Russian Agency for Legal and Court Information (RAPSI) reports. The company will now be undergoing bankruptcy proceedings. In Moscow, Capital Tour Company used to run under the brand of Capital Tour. This is actually the second legal entity belonging to the brand that has been declared as being on the verge of insolvency by the court. The company’s OOO Capital Tour had to undergo bankruptcy proceedings earlier on. Evgeny Shklyaev was appointed the trustee in bankruptcy for both cases, the

VIM Avia Airlines topped the list of companies that delayed most flights in April 2011. VIM Avia actually delayed 96 out of 395 flights, or 24%, Rosaviaton’s official website reports. Moscovia was the second top flight delayer, followed by Kogalymavia that delayed 25 flights out 150, or 17% of all the flights operated in April 2011. The top three down-letters are followed by Avianova that delayed 84 flights out of 684, or 12% of all its April flights. Orenburg Airlines delayed 108 flights out of 1,273, which comes to 8% of all its April flights. Rusline did a little better and only delayed 51