UrBC, Yekaterinburg, April 27, 2012. It appears that Sverdlovsk Region Traffic Administration and TransSibUral’s partnership violates the existing law in some respects, the response of Ural Public Prosecution Authorities for Transpiration to Sverdlovsk Region Legislative Assembly’s Duma deputy Andrei Alshevskikh states. ‘An investigation was carried out regarding your query on Sverdlovsk Region Traffic Administration allegedly lobbying the interests of TransSibUral, the structural division of Central Traffic Administration and a subsidiary of Russian Railways, in what regards freight

UrBC, Yekaterinburg, April 27, 2012. Bank Yekaterinburg intends to place itself on the list of the newly insolvent Cardinal TechnoPlus’s creditors. It was reported to UrBC that the application for determining the scale of the creditors’ claims has already been submitted to Sverdlovsk Region Arbitration Court judge in charge of the bankruptcy case. The application for declaring Cardinal TechnoPlus insolvent was placed with the court by the company’s liquidator E. Tsyganova. The reason for placing the application was that the amount of creditors’ claims which the debtor did not contest exceeded

UrBC, Yekaterinburg, April 27, 2012. France, Iran, and Byelorussia are going to present their country stands at the international industry and innovations forum/exhibition Innoprom that will be held in July for the third time this year. This year’s forum is expected to feature over 400 businesses from Russia, the United States, Germany, Denmark, France, the Czech Republic, Iran, and Turkey. Many enterprises decided to present their stands on a larger scale this year compared to last time. For one, Siempelkamp, the wood processing, nuclear, and casting machinery manufacturer, will expand its

UrBC, Yekaterinburg, April 27, 2012. EXPO 2020 Yekaterinburg Application Committee launched its EXPO 2020 Ambassador project recently. This means domestically and internationally recognized representatives of the artistic, cultural, political, business, and educational communities will be supporting Yekaterinburg’s campaign for hosting EXPO in 2020. The ‘Application Ambassador’ is a voluntary and non-profit status. The ambassadors will mainly have to spread the ideas and the values of the universal fairs in general and of EXPO 2020 Yekaterinburg Project in particular. This year, over thirty

UrBC, Yekaterinburg, April 26, 2012. According to Tyumen Customs’s statistics, the foreign trade turnover in the customs area exceeded $504m in the first quarter of 2012. 94.4% of all the transactions involved the countries of the far abroad, and 5.6% involved the CIS member states. Imports reached 18.8% of total foreign trade turnover, while exports came to 81.2%, Ural Customs Administration’s press service reports. Tyumen Customs area’s top foreign trader partners were Turkey (its share in the total foreign trade volume came to 23.2%), Poland (16.2%), Finland (16.2%), the Netherlands

UrBC, Yekaterinburg, April 26, 2012. Tickets for the final football match of Pirelli – Russian Cup 2011/2012 are now offered for sale in Yekaterinburg. These can be booked at Central Stadium booking offices in Pirogov St. and Pepin St.; the offices are open from 12:00 PM to 8:00 PM, with prices starting from 50 RUR, Sinara Group’s PR Center reports. The final match is to played by Moscow’s Dynamo and Kazan’s Rubin at Yekaterinburg Central Stadium at 5:00 PM on May 9.

UrBC, Moscow, April 26, 2012. Ural Mechano-Optical Plant’s bonds (04 Series, total face value 1.5bn RUR) were offered at MICEX today. The issuer suggested that its investors exchange their 03 Series bonds (distributed among qualified investors in February 2011) for 04 Series publicly traded ones. At the close of business on April 20, 2012, the issuer set the coupon interest rate at 10.5% a year (the profit on the eighteen-month offer comes to 10.78%). The size of bond offering at the acceptable and efficient price for the issuer was 1.2bn RUR. Given the current market opportunities, the

UrBC, Moscow, April 26, 2012. The international rating agency Moody’s adjusted the rating outlook of Promsvyazbank to Negative. The experts took this step because of their concern over the bank’s capital adequacy level and the concentration of risks around the bank’s largest borrowers, RBC daily reports. Moody’s took a new stance on the bank: the outlook on the company’s deposit and credit ratings has been demoted from Stable to Negative. This adjustment is based on the analysis of Promsvyazbank’s financial report for 2011 (drawn up in accordance with the Russian Accounting Standards), the

UrBC, Yekaterinburg, April 25, 2012. One year ago, Mostostroy 12 was chosen as the general contractor for putting up a bridge across the River Nadym in the course of a tender coordinated by Development Corporation (formerly known as The Industrial Urals-The Polar Urals Corporation). The corporation reports the construction began in September 2011, and the bridge is expected to be launched as soon as December 2014. However, the construction process is already ahead of schedule. The supervising companies’ representatives say they are satisfied with both the quality and the tempo of the process.

UrBC, Yekaterinburg, April 25, 2012. Uraltransmash came up with a financial and administrative performance report for 2011. The company managed to fulfill its purpose-made goods production plan by 134.9% (thanks to additional contracts on government orders) and its civil goods production plan by 101.2%. Special purpose goods made up 91.4% of all the goods produced, while the share of civil goods did not exceed 8.6%. All in all, the plant was able to meet its target production figures for 2011. ‘It should be pointed out that last year, the sales volume was lower than expected due to

UrBC, Yekaterinburg, April 25, 2012. Koltsovo Airport of Yekaterinburg intends to become a co-owner of Nizhniy Novgorod International Airport. The idea of buying the airport’s shares is to be considered by Yekaterinburg airport’s BOD on April 28, 2012. In addition to this, the agenda of the BOD meeting covers issues related to looking at the results of Koltsovo Airport’s financial and administrative performance in 2011, making changes in the company’s business plan for 2012, and taking the on-board catering division out of Koltsovo Airport.

UrBC, Yekaterinburg, April 25, 2012. Uralkhimplast held the annual general meeting recently. The shareholders approved of the plant’s annual report for 2011 and the accounting report (including the profit and loss statement). It was reported that the company’s net profit in 2011 exceeded that for 2010 by 5.8 times. Sales volumes went up by 11.1% on the previous year. Still, the BOD recommended that the shareholders vote for passing the dividend for the financial year 2011 and investing it in production development, which the stockholders did. Then, a new BOD was elected, comprising Thomas

UrBC, Moscow, April 24, 2012. The stockholders of Khanty-Mansiysky Bank decided in the course of the annual general meeting to pass the dividend and to leave all the net profit (calculated in accordance with the Russian Accounting Standards) – 929.72m RUR – at the bank’s disposal, the bank’s press service reports. Yekaterinburg Audit-Center was chosen as the auditor for the financial report compiled in accordance with the Russian Accounting Standards, while Deloitte & Touche CIS was chosen as the auditor for the financial report compiled in accordance with the IAS. The bank’s key

UrBC, Moscow, April 24, 2012. Nordea Bank’s assets rose by 46% in the first quarter of 2012 against the first quarter of 2011 and amounted to 266.78bn RUR. The bank’s consolidated lending portfolio reached 203.24bn RUR on April 1, 2012, which was 28% more than a year earlier. The bank’s business loans portfolio came to 176.11bn RUR on April 1, 2012, which exceeded the figures for the first quarter of 2011 by 25%. The retail loans portfolio was 15.41bn RUR, which was 32% better than a year earlier. The bank’s net profit came to 400m RUR on April 1, 2012. Nordea Bank explains this decrease in

UrBC, Yekaterinburg, April 24, 2012. Smeshariki GmbH intends to prosecute a sole trader for the violation of the company’s exclusive rights over the trademark. The claim is now processed by Sverdlovsk Region Arbitration Court. The defendant demands that a sole trader named Victoria A. Chumakova pay a 50,000-RUR fine for violating the defendant’s exclusive rights over Kar-Karych (Trademark 321868), the image of a character from Smeshariki cartoon series and the character’s name, all of which belongs to Smeshariki GmbH through a corresponding agreement. The court hearing has been set for May

UrBC, Yekaterinburg, April 23, 2012. The Russian National Association of Securities Market Participants (NAUFOR) announced the results of the regional stage of its Stock Market Elite 2011 contest. The nominees were selected by the jury on the basis of two main criteria: the company’s bond market turnover and the amount of bond investments. The Ural Bank for Reconstruction & Development’s Financial Institutions & Investment Services Director Vladimir Zotov was given the diploma of the contest’s laureate by head of Russia’s Federal Financial Markets Service’s Sverdlovsk Region division

UrBC, Moscow, April 23, 2012. Moscow Arbitration Court declared OOO Avianova Aviation Company bankrupt (streamlined proceedings were applied) and ruled that the company must undergo bankruptcy proceedings for six months, the Russian Agency for Legal & Court Information (RAPSI) reports. The court appointed Dmitri Scherban the company’s trustee in bankruptcy. A representatives of OOO Averon (the enterprise that placed the insolvency claim with the court) reported that Avianova never paid them the 2.34m RUR it owed them.

UrBC, Yekaterinburg, April 23, 2012. Ural Airlines is offering the Great Patriotic War veterans and disabled an opportunity to fly with one of the company’s scheduled flights to hero cities Moscow and Saint Petersburg and back – free of charge. The offer is valid between May 3 and May 13, 2012. ‘Helping our veterans to visit memorable places and to see their wartime friends and relatives on the day of this country’s most touching holiday is an honorable mission that the company keeps accomplishing for the seventh year in a row. Ural Airlines understands that such flights are special, and pays

UrBC, Yekaterinburg, April 23, 2012. The office of Perfect World Travel Company at 11 Pervomayskaya St in Yekaterinburg is now occupied by other tenants, while the phone number given at the company’s website now belongs to a different business, the new tenants told UrBC. Now seventy travelers coordinated by the Russian tour operator Perfect World were unable to fly to Israel from Moscow’s Domodedovo Airport on Sunday. At the airport, the holiday-makers were told that their tickets had not been paid for. Another group of Perfect World’s tourists (between 70 and 90 people) were supposed to have

UrBC, Yekaterinburg, April 20, 2012. Head of Sverdlovsk Region Government Vladimir Vlasov held a work meeting with the members of the interdepartmental committee on the use of foreign workers in the region. The meeting participants discussed the current labor market trends and the possibility of adjusting the quotas for this year. Deputy head of Sverdlovsk Region Division of the Federal Migration Service and head of the Immigration Control Department Yuri Bezborodov explained this year’s foreign workers quotas came to 27,930 people, with 6,050 work permits issued by April 19. This figure