March 26, 2015. Business training on risk management and internal control took off at Uralvagonazov Corporation’s head plant. The seminar aims to train managers in detection, evaluation, and management of risks and in making risk-oriented decisions, the corporation’s press service reports. ‘The training is given by Moscow-based experts in risk management, who will also help the company create a risk management and internal control system, identify critical risk factors, and prepare reports for the top management and the Board of Directors,’ the press service says. Based on these outside

March 26, 2015. Middle Ural Development Corp (run by Sverdlovsk Region Ministry for Public Property Management) incurred 1,514,716,000 RUR worth of net loss in 2014, whereas twelve months earlier, the company finished the year 2013 off with 4.159m RUR worth of net profit, the issuer’s annual accounting report states. According to this report, the company set up bad debt reserves (520,634,930 RUR all in all) last year to back up such projects as Low-Rise Construction Center, High Speed Railway Network 2, and Ural Exhibition Center. The corporation paid 28,292,256 RUR worth of bonuses to its

March 26, 2015. VSMPO Avisma’s net profit declined by 46%, from 7.451bn RUR to 4.018bn RUR, in 2014, the company reports. ‘The unfavorable differences in the rate of exchange caused by the weakening of the ruble in late 2014 were the main negative factor affecting this result. It was also for this reason that our EBITDA dropped by 33.4% and came to 8.302bn RUR last year,’ the corporation explains. Additionally, the number of employees within the company decreased by290 people and thus came to 20,200 workers, whereas per-worker output actually went up by 20.4% and amounted to 2.7m RUR. The

March 26, 2015. SKB Bank remains a proactive contributor to the government agricultural sector support program: this week, a loan was issued to Alapayevsk Dairy Plant. The money was directed to a number of agribusinesses as part of Sverdlovsk Region Government seed time 2015 campaign, the bank’s press service reports. In March, SKB-Bank already issued a loan to Irbit Dairy Plant, one of Sverdlovsk Region’s largest agricultural enterprises. The bank won the 151m-ruble loan tender under the terms which were listed on the government purchases website; the plant received the loan on March 16,

March 26, 2015. Sverdlovsk Region public prosecution authorities completed its indictment of a 53-year-old shareholder of Group Linkor involved in a criminal lawsuit. According to the authorities’ press service, the man is charged with large-scale fraud (Article 159 (part 4) of the Russian Federation Criminal Code), premeditated bankruptcy (Article 196 of the Russian Federation Criminal Code), and fraudulent evasion of loans payable (Article 177 of the Russian Federation Criminal Code). According to the inquiry team, Group Linkor shareholder falsely purchased the right to over 244,000

March 25, 2015. The share of Class A offices in Yekaterinburg that have no tenants at the moment came to 23% at the end of 2014; besides, 11% of Class B+ offices and 14% of Class B ones remained unused as well, Ural Chamber of Real Estate reports. The Chamber’s analyst Konstantin Oktayev explains the downward trend hit the office space market as early as one year ago, when both supply and demand shrank noticeably. ‘Should the Central Bank’s key interest rate remain so high for a long time, the office space market risks losing up to 30% of actual and potential customers,’ Oktayev says. 68,000