January 13, 2016. The cost of administering Sverdlovsk Region Government’s debt rose by 4.3 times compared with the year 2012. At the time, the debt servicing limit was set at 1,228,241,600 RUR, whereas the constituency’s budget for 2016 allocates as much as 5,568,091,400 RUR for the purpose. The constituency’s state debt amounted to 52bn RUR on December 1, 2016and could reach as much as 70bn RUR by the first of January.

January 13, 2016. The number of Russia’s officially unemployed went up by 1.9% in the last week of December 2015 and came to 993,100 people, Finmarket refers to the Russian Labor Ministry as stating. ‘The number of people officially registered as jobless rose by 1.9% between December 23 and December 29, 2015 and came to 993,104 people (974,946 people on December 23),’ the ministry says. It is reported the unemployment only decreased in twelve Russian constituencies in the said week. The number of jobless went up in seventy-one constituencies, with the unemployment rate up by over 1% in

January 13, 2016. Expert RA (RAEX) demoted Uralmashzavod’s rating down to B++ (Satisfactory), with Negative rating outlook. This change from Stable to Negative is reflexive of the increased likelihood of the rating going further down in the medium term, the agency explains. The plant used to be rated as A (High). ’The dropping rating had to do with the company’s funds (calculated in accordance with the Russian Accounting Standards) diminishing to a point below zero in the second quarter of 2015 and with the lack of any plan on the proprietor’s part to make the figure go up. The agency does

January 13, 2015. Ural Vagon Zavod Corporation’s head plant’s retired employees, members of the Golden Age Historical Club, were treated to a bus tour of the plant premises as a New Year present. The company press service reports the club has been around for seven years now, welcoming as its members the plant’s former employees, who dedicated a big part of their life to the company. Despite their advanced age, the club members are still active and energetic and meet on a monthly basis. Government deputies, public figures, musicians, museum workers, legal professionals and other experts

January 13, 2016. The overall amount of past-due loan repayments doubled in the course of last year and amounted to 45bn RUR, Deputy Head of the Federal Service of Court Officers’ Sverdlovsk Region division Elena Sidorova announced at a recent press conference. ‘We handled 119,500 debt enforcement cases in 2015 all in all, which was 11%, or 10,000 cases more than in the year 2014, whereas the overall debt amount went up by two times. Our court officers are currently working on 45bn RUR worth of enforcement cases, with only 4bn RUR collected so far,’ Sidorova said. She explained Sberbank was