UrBC, Yekaterinburg, August 11, 2017. EVRAZ Holding’s IAS-calculated net profit amounted to $86m in the first half of the year, which was 12 times more than one year earlier, the company’s report states. The mining and metallurgical holding’s consolidated revenues rose by 44.1% and reached $5.106bn. Its EBITDA increased by nearly two times and reached $1.152bn.

UrBC, Magnitogorsk, August 11, 2017. Magnitogorsk Iron & Steel Works (MMK) recently launched new Blast Heater 23 bis at its Blast Furnace Unit 7. This is part of a larger blast furnace upgrade program, with investments already exceeding 1bn RUR, MMK Information & PR Department reports. ‘The launch of the new Cowper, a regenerating blast air heater named after the English engineer Edward Alfred Cowper, will allow for consecutive replacement of the three remaining heaters at Blast Furnace Unit 7,’ the Department says. The inner-chamber blast heaters will get replaced with their

UrBC, Yekaterinburg, August 11, 2017. Special offer for young home buyers in Akademicheskiy will hold for five more days, RSG-Akademicheskoye’s press service reports. Customers in the 18-35 age group can get a 100,000-ruble or a 200,000-ruble discount on their new home in Akademicheskiy till August 14, 2017. ‘Akademicheskiy is a popular location with young customers: 80% of local residents are young families aged 21 to 40, with pre-school and school-age children. This is hardly surprising, as the area has a lot to offer this age group: affordable ready-to-move-in housing and special terms on

UrBC, Yekaterinburg, August 11, 2017. The number of micro-financing organizations (MFOs) operating in Ural Federal District shrank by 22% against 2014, Sequoia Credit Consolidation’s press service reports. There are currently 181 such organizations on the Central Bank’s register. The decrease in the number of MFOs was most noticeable in Tyumen Region, including Khanty-Mansiysky and Yamalo-Nenetsky Autonomous Regions (-50%, with 23 active organizations at the moment), followed by Chelyabinsk Region (-20%, 68 active MFOs), Sverdlovsk Region (-15.9%, 74 active MFOs), and Kurgan Region (-11%, 16

UrBC, Moscow, August 11, 2017. Russia’s net capital outflow amounted to $13.1bn in January-July 2017, which exceeded the figures for one year previously by $4.3bn, or 1.5 times, Central Bank states. The money mostly left the country through the banking sector. According to the regulatory authority, banks have to both keep handing their international debt burden (comparable with that for last year) and place their funds abroad. At the same time, in contrast to last year, other economic players proved net capital importers and switched from international asset expansion to attracting foreign