UrBC, Yekaterinburg, October 6, 2015. 16 private bankruptcy claims were placed with Sverdlovsk Region Arbitration Court on October 1-2, 2015, the court reports. Seven claims were laid by private individuals, two by legal entities, and seven people pleaded their own bankruptcy. So far, no banks have placed any private bankruptcy claims with courts. The personal bankruptcy legislation came into effect on October 1. Under the new piece of legislature, an arbitration court is allowed to institute bankruptcy proceedings if a private individual’s debt exceeds 500,000 RUR and no debt repayments have

UrBC, Yekaterinburg, October 6, 2015. Sverdlovsk Railways handled 17.6% less of building cargo in January-September 2015 than in the nine months of 2014, the company press service reports. The amount of ferrous metals forwarded by the company went down by 0.7%, that of non-ferrous metal scrap by 10.5%, that of coke by 11.5%, that of cement by 3.2%, and that of chemical and mineral fertilizers by 0.9%. All in all, Sverdlovsk Railways handled 102.8m tonnes of cargo in 2015 so far, which was 2.7% more than a year earlier.

UrBC, Yekaterinburg, October 6, 2015. Sverdlovsk Region-based employees by now owe their workers 566m RUR in delayed wages and salaries, Head of Sverdlovsk Region State Labor Inspectorate Fedor Kravtsov said at a press conference in Yekaterinburg. ‘All in all, 115 companies have delayed or failed to pay a total of 566m RUR in wages and salaries. We took some steps, and 471m RUR were paid to 20,500 employees as a result,’ Kravtsov said. According to the official, the overall amount of wage arrears currently comes to 286m RUR, most of which is the money owed by 15 insolvent companies. Among the

UrBC, Yekaterinburg, October 6, 2015. ETERNO, a joint venture set up by ChTPZ Group and Rosnano Corporation, got certified by Gazprom and Transneft. Prior to the certification audit, ETERNO came up with three types of specifications that meet the customers’ requirements: TU 1469-001 and TU 1469-003 for Dn500 to Dn1,400 pipeline fittings for main and upstream pipelines with service pressure 11.8 Megapascals and 9.8 Megapascals, respectively (for Gazprom) and TU 1469-002 for Dn530 to Dn1,220 pipeline fittings for main and upstream pipelines with service pressure up to 14.0 Megapascals (for

UrBC, Yekaterinburg, October 6, 2015. Uralvagonzavod is hosting the Ready for Labor and Defense (GTO) sports competition for the second time this year. 626 workers (353 sportsmen and 272 sportswomen) from eighty-three divisions of the company took part in the event. 'Our employees first competed for GTO badges in 2014. We see restoration of company traditions, attracting more people into amateur and professional sports, and promotion of a healthier lifestyle as the main goals of this championship,' the company press service says. This year, team competitions were introduced for the