April 30, 2014. Ural Airlines held its 20th 'anniversary' general annual meeting on April 28, 2014. The agenda of the meeting comprised the following: electing the Board of Directors, approving of the company's Annual Report 2013 and of the annual accounting report, distribution of profit at the end of the financial year, and related party transactions, the airline's press service reports. The main positive factors that ensured an increase in the company's production output last year were: flight safety, highly skilled staff, expanded fleet of vehicles, start of the

April 30, 2014. Russia's Federal Customs Services placed Bank Koltso Urala on the updated list of banks that are granted the authority to issue bank guarantees on customs payments, that is, taxes and duties. Under the order issued by the Federal Customs Service, the upper limit on a guarantee comes to 35m RUR, while the total amount of all the bank guarantees that can be in operation at once comes to 170m RUR, the bank's press service reports. 'Being placed on this register gives Bank Koltso Urala the right to act as a guarantor for its customers involved in foreign economic

April 30, 2014. The Tankopedia Project is quickly gathering pace. Users are taking increasingly more interest in the new project coordinated by Uralvagonzavod Scientific & Production Corporation, and the company awarded Tankopedia's two most active contributors with branded souvenirs, Uralvagonzavod's press service says. The residents of Nizhniy Tagil proved more interested in armored vehicles than any other users. One of the authors of free tank encyclopedia was awarded at Uralvagonzavod Armored Vehicles Museum; he was presented with a vest, a pair of boots, a T-shirt, and a

April 30, 2014. The net loss of Chelyabinsk Tube Rolling Plant (ChTPZ), calculated in accordance with the IAS, came to 1.868m RUR in 2013 compared with 1.133m RUR in 2012. The plant's revenues reached 112,428m RUR, its EBITDA came to 18.173m RUR, its EBITDA margin reached 16.2%, and its joint debt decreased by 3bn RUR, the company's press service says. 'The company incurred 1.868m RUR worth of losses last year (against 1.133m RUR worth of net profit in 2012) due to the general decrease in profit margin that was typical of the Russian pipe-making sector because of last

April 30, 2014. Two high-precision lathes manufactured by the Russian-Czech JV МТЕ-KOVOSVIT and fitted with Siemens numeric program control and software were installed at Mechanical Assembly Department 1 of Uralvagonzavod Corporation's head plant, the corporation's press service reports. 'The launch of up-to-date equipment is the first stage of a large-scale technical upgrades program for the department. The upgrades became necessary because of a major increase in the target production figures,' the message says. Two MTE-KOVOSVIT machines will replace as many as six old,

April 29, 2014. In order to expand its range of products and to be able to fulfill the customers’ orders, Magnitogorsk Iron & Steel Works (MMK) mastered the technology of making metal goods with zinc/iron coating (galvanil) last year. This development was part of the company’s annual program on innovative products. ‘Applying this kind of coating became possible after the launch of the second extension to the cold-roll facility at Rolling Mill 11. The beauty of this zinc/iron coating lies in the fact that it ensures great anti-corrosion properties, improves welding property, and enhances

April 29, 2014. Pipe Metallurgical Company (TMK), one of the world's major OCTG manufacturers, signed an agreement with Gazpromneft regarding the formula for calculating the price of its pipe products. According to TMK press service, the price formula is calculated in accordance with the market prices for raw materials and the materials needed for making pipes. This agreement is the first document of such nature that Gazpromneft has signed with this Russian pipe manufacturer. Since 2012, a similar agreement has been working between Gazprom and a number of major Russian pipe

April 29, 2014. 2GIS analysts found out which Russian cities are most suited for getting by without money in cash. Their research involved 220 cities of Russia that were analyzed in terms of how many local organizations accept international bank cards. Among the factors considered was not the number of such companies per se but their share in the total number of local businesses, SKB-Bank’s press service reports. As a result, the analysts came with a list of several top cities where life is quite manageable without cash, as a lot of POS actually accept bank cards. Interestingly enough, not

April 29, 2014. Uralvagonzavod Scientific & Production Corporation looked up into the results of its social partnership with the educational establishments of Dzerzhinsky District of Nizhniy Tagil in 2012, the corporation’s press service says. The two parties looked at the promising fields in which they could cooperate in the future. In 2014, the corporation’s head plant is planning to allocate 22.25m RUR for the purpose. ‘Five best schools in the district were selected last year. They were assessed along such criteria as children taking part in Uralvagonzavod’s sports and educational

In 2014, Uralvagonzavod is going to allocate 4m RUR to thirty kindergartens located in Dzerzhinsky District of Nizhniy Tagil. The teachers and nurses of these kindergartens will be able to undergo professional development training at the plant’s Personnel Training Center, Uralvagonzavod’s press service reports. ‘This is the second year in a row that Uralvagonzavod has been supporting the kindergartens in the neighborhood. This year, 2m RUR are expected to be spent on repairs and 2m RUR will be directed to buying supplies such as special-purpose uniforms, tools, household equipment, and

MegaFon completed all the key processes relating to the company’s integration with Scartel and Yota (the telecommunications provider bought 100% of the latter’s shares in October 2013), the company’s press service reports. It took the parties seven months to get all their assets integrated; the process went through the following stages: first, Scartel and Yota were united into a single legal entity called OOO Scartel which operated under the brand ofYota. Then, all of Scartel’s telecommunications equipment was handed over to MegaFon under a purchase and sale agreement. Upon this, all the key

In the first quarter of 2014, Bank Koltso Urala was 121st on the list of Russia’s largest banks in terms of net asset volume. The bank’s net assets exceeded 34.2bn RUR on April 1, 2014. This makes the bank one of Russia’s Top150 and one of Yekaterinburg’s Top 3 in this respect, the bank’s press officer reports. What is more, according to the quarterly ranking carried by Interfax 100 recently, Koltso Urala is 158th in terms of own funds volume (nearly 2.9bn RUR as of the balance sheet date). 853 Russian banks were featured in this rating altogether, 15 of which are based in Sverdlovsk Region.

Ural Airlines announced they are now selling tickets at subsidized prices for Moscow-Kaliningrad flights. The offer is available for Russian citizens between May 15, 2014 and October 15, 2014. The price of a one-way ticket will come to 3,800 RUR, the air carrier’s press service says. ‘Tickets can be booked via Ural Airlines’ authorized agents and booking offices all over Russia. For more information on this special offer terms and conditions, please call 8 800 2000 262 (toll-free within the Russian Federation),’ the company explains. ‘Ural Airlines are among Russia’s top five air carriers in

Under the current Federal Act 44 FZ, an organization that is taking part in state-run and local government-run tenders must place a deposit within the e-trading floor amounting to 5% of the contract amount, SKB-Bank’s press service says. ‘On the face of it, 5% does not look like a very significant sum, yet this could be quite a burden for a business, especially if the company is applying for several tenders simultaneously. The funds directed to securing the application will be unavailable for about two months – this is how ling it takes to move from submitting an application to signing a

Ural Airlines offer special prices on Montenegro-bound flights from Moscow and back. If you fly before May 31, 2014, a ticket for Moscow-Podgorica-Moscow flight will cost €202 (if you fly there and back within one week), the air carrier's press service says. 'For travelers going back from Podgorica and Tivat to Moscow, a special price (€108) is offered on flights operated on May 31 and June 4, 2014. You can book now at www.uralairlines.com,' the company says. 'Montenegro is a true paradise washed by the Adriatic Sea. In May, the tourist season begins at all of its resorts,

MegaFon is now offering landline international and long-distance call services to subscribers of any local landline operators. According to the carrier's press service, regardless of what local operator one is subscribed to, it is possible to use MegaFon's international and long-distance call service to call other cities and countries. The Russian Federation Mass Communications Ministry's Order 420 dated December 18, 2013, MegaFon was given the status of Telecom Network End Cap 7. Thanks to this, MegaFon can now connect subscribers directly to international and long-distance

The Director-General of Uralvagonzavod Scientific & Production Corporation Oleg Sienko met coaches and sports players from Armada Para-Cycling Club; the corporation is the club's primary partner. 'Three sports players were awarded corporation prizes; one of them was Alexei Obydennov, prize-winner at World Championship 2013 in Canada, two-time world champion Mexico 2014, and bronze prize winner in team sprint. Obydennov was Russia's first world champion in para-cycling; he actually set the world record as well. Prizes were also given to Sergey Ustinov, bronze prize winner in

Children from five Sverdlovsk Region-based orphanages are going to take part in Back to USSR, an amateur sports championship coordinated by the volunteer group Dorogami Dobra and Bank Koltso Urala. For three days (April 25-27), children will play Red Rover, dodgeball, Cowboys and Indians, Chinese jump rope, hopscotch, hide-and-seek, and other nearly-forgotten children's games. More than 80 children will come to the event; they won't be allowed to use the Internet, mobile phones, tablet computers, and other gadgets, the bank's press service reports. Children from orphanages of

A creative session with writer Alexei Ivanov will take place at Titanic Cinema at Greenwich Shopping Mall at 7PM on April 28. The writer's producer Yulia Zaitseva told UrBC that the event was dedicated to the release of his new book Yeburg; the work has already received a number of very different reviews and proved quite popular. 'The book was originally printed in 15,000 copies, yet 10,000 more copies are being urgently printed now, as the book sells very quickly,' Zaitseva said. On April 28, all those willing to do so can talk to Alexei Ivanov about the book and voice their

April 24, 2014. Russian car dealers are going to go bust, while the home market on the whole is going to consolidate due to a drop in sales, RBC refers to Avtostat's research findings as claiming. Last year's decrease in sales resulted in 502 companies losing their franchises or giving up on their dealer status, yet 508 new dealers emerged at the same time, the research states. According to the data published by the European Business Association in early April, some 602,500 automobiles were sold in Russia in the first quarter of 2014, which was 2% less than in the first quarter of