Chelyabinsk Region trilateral social and labor relations regulating committee met to declare the results of the contest called Collective Wage Agreement Is the Basis of Protecting the Workers’ Social & Labor Rights. The contest is held on a yearly basis in order to promote and improve on regulation of social and labor relations through collective agreements, to enhance the efficiency of the negotiating practices and to facilitate the making of mutually advantageous decisions in the social and labor field. The collective agreements are graded in accordance with the following basic

Sverdlovsk Region’s Minister for International and Foreign Economic Relations Alexander Kharlov reports that the region’s foreign trade turnover reached over $5bn in three quarters of 2011, which comes to 60% of all the foreign trade transactions in the region over the given period. The figures are expected to go up by the end of the year. Sverdlovsk Region keeps getting more and more foreign representations in the area. This year, the honorary consul of the Republic of Slovakia and the plenipotentiary representative of Kazakhstan’s Trade Representation in the Russian Federation were

The amount of fine imposed on Metro Cash & Carry for violating the Trade Law will be determined by Deputy Head of Russia’s Federal Antimonopoly Service Andrei Kashevarov at the beginning of 2012, RBC daily reports. The German chain store was found guilty of discriminating against its fish suppliers in November 2011.

Under the ruling of Sverdlovsk Region public prosecution authorities for the environment, a former worker of SUAL-Kremniy-Ural will be paid 40,000 RUR in compensation for the moral damage. The worker lost 40% of his working capacity due to a professionally acquired disease. Claims to protect the interests of ten more people have been drawn up as well. It was detected in the course of an inspection targeted at checking SUAL-Kremniy-Ural’s compliance with the environmental legislation that the company, which uses ore thermal furnaces not equipped with gas-purification facilities, thus dumps

TransCreditBank is going to conduct an auction aimed at selling a 3.5% shareholding in Ural Transport Bank (UralTransBank) that currently belongs to Russian Railways, the online resource RZhD Partner reports. The decision to sell the said shareholding was made by the Russian Railways BOD on August 30, 2011. The opening bid has been set at 36.8m RUR, the next bid must be at least 1.2m RUR higher, and all the following bids must be at least 1m RUR higher.

Philips announced the opening of a representation in Yekaterinburg recently. ‘What we see as the key component of this representation’s business strategy is the development at the local level of all the three sectors our company comprises: Lighting Solutions, Healthcare, and Consumer Goods. This will allow us to create a very comfortable and inspiring working environment for our partners, distributors, and Philips customers in the area. In addition to building and improving on our ties with distributors and retail chains, Philips is also planning to develop the maintenance and after-sale