The first 3,000 tons of hot-rolled sheets have been produced at the steel-smelting facility of MMK-Atakas, an iron and steel works, MMK (Magnitogorsk Iron & Steel Works) reports. The facility is expected to reach its projected capacity by the end of the year, so as soon as in January 2012, MMK-Atakas will be producing 200,000 tons of hot-rolled stock every month. According to MMK forecasts, the works will have manufactured over 800,000 tons of goods by the end of 2011. The iron and steel works in Iskenderun is fitted with the most advanced and hi tech machinery available to the

Following numerous inquiries regarding the details of Governor of Sverdlovsk Region Alexander Misharin buying a Mercedes, the prosecution authorities of Sverdlovsk Region produced an official statement. All the materials regarding the incident have been placed with the regional division of Russia’s Federal Antimonopoly Service for further investigation in accordance with the order of the region’s prosecutor Yuri Ponomarev,’ the authorities report. In addition, the prosecution authorities have already conducted an investigation of their own, with the final verdict to be returned by the

Sverdlovsk Instrument-Making Plant reports its net profit dropped by 20%, that is, from 239m RUR down to 192m RUR. The company explains the profit declined because of the growing metal prices and the increase in the single social tax.

Commercial Bank Koltso Urala keeps improving on its remote and e-services. For one, any customer who opens a deposit in the bank, placing at least 30,000 RUR in the account, will be offered a VISA card. A customer will be offered a three-year VISA Electron free of charge in case between 30,000 RUR and 299,999 RUR is deposited, a one-year VISA Classic will be offered to those who deposit 300,000 RUR or more. Those who deposit over 1.5m RUR in the bank will get VISA Gold and VISA Platinum cards.

SKB-Bank’s financial reports for the year 2010 have recently undergone international audit procedures. The company’s consolidated reports for last year were assessed by PricewaterhouseCoopers Audit in accordance with the existing international standards. Now PwC is a world’s leading auditor and consultant. The company’s audit report confirms the bank and its daughter enterprise’s total asset volume at 82.89bn RUR, first- and second-level capital at 8.06bnRUR, and net profit at 712bn RUR (as of December 31, 2010). Over one year, the group’s assets (calculated in accordance with the IAS) went

The customers of the Ural Bank for Reconstruction and Development can now engage in stock trading using their Apple-made iPhone and iPad devices. To start the operations, a certified software program iQUIK (a free addition to pocketQUIK) can be used. In fact, two registered users can use the same identification data and access keys alternatively, the bank’s press service reports. To subscribe to iQUIK and pocketQUIK, or to ask any questions about stock trading, please call the bank’s investment consultants at +7 (343) 253-40-42, +7 (343) 216-58-37 in Yekaterinburg, +7 (351) 799-52-05 in