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,