Ural Chemical Machine-Building Plant (Uralkhimmash) made 244.27m RUR worth of net loss (calculated in accordance with the Russian Accounting Standards) in January-March 2012, which was 3.3 times more than in the first quarter of 2011, the company’s quarterly report states. At the same time, the company’s revenues rose by 3.6 times and came to 1.16bn RUR, Interfax-Ural reports.

Mayor of Moscow Sergey Sobyanin appointed a new First Deputy Head of Mayor of Moscow Administration & Government, Interfax was informed by a source in the city council. According to this informant, the contract with Mikhail Maksimov will be valid throughout Sobyanin’s entire term as Mayor. Former First Deputy Head of Mayor of Moscow Administration & Government Maxim Reshetnikov was appointed Head of Moscow’s Economic Policies & Development Department earlier, the agency says.

Urals Power Engineering Center made 1.77bn RUR worth of net profit in January-March 2012, which fell short of the figures for a year earlier by 17.3%, the company’s reports state. The enterprise’s revenues increased by 13% and amounted to 350.82m RUR over the same period, Interfax-Ural reports.

Russia’s Federal Antimonopoly Service considered the petition placed by OAO Development Corporation (based in Yekaterinburg and dealing in the management of financial/industrial groups) regarding the acquisition of a 54.73184793% stake in Polar Quartz (bases in Khanty-Mansiysky Autonomous Region Yugra and dealing in production and processing of quartz). Having considered Article 33 (part 2, paragraph 1) of the Competition Protection Act, the FAS decided to let the applicant go through with the purchase.

In the first quarter of 2012, the revenues of Uralvagonzavod Scientific & Production Corporation coming from the production and sales of special purpose machines and vehicles dropped by 43.7% against a year earlier, that is, from 2.37bn RUR down to 1.34bn RUR. This information is available in the company’s quarterly report uploaded on the enterprise’s website. ‘The decrease in revenues had to do with lack of shipments under the government contract,’ the report states.