UrBC, Magnitogorsk, August 10, 2018. MMK Group’s MMK Trading House completed first-stage upgrades of its sandwich panels-making facility in Shchelkovo, Moscow Region, MMK Information & PR Department reports. The goal is to boost labor productivity, increase high quality produce output, and reduce the product’s prime cost. Working together with the Italian company MAGMA, the company employees launched a new gluing unit in early August. The new unit improves gluing quality and thus allows the manufacturer meet the highest global standards. MMK Trading House’s site in Shchelkovo, Moscow

UrBC, Yekaterinburg, August 10, 2018. MegaFon’s engineers sped up the company’s indoor base stations Liner and Nebo at two terminals of Yekaterinburg’s Koltsovo Airport, the company press service reports. The data transfer speed can now reach 300 Mb/sec at any given location within the airport. This means downloading a movie that you can watch on board will take under a minute. Every day, MegaFon processes the amount of Internet traffic at Koltsovo Airport that is enough to upload two million photographs onto social networks. The company’s two base stations streamline the international and

UrBC, Moscow, August 10, 2018. EVRAZ Holding’s net profit (calculated in accordance with the International Accounting Standards) rose to $1.145bn in the first half of 2018, which is 13.3 times more than one year previously, the company reports. The holding’s EBITDA amounted to $1.906bn, which exceeded the figures for the first half of 2017 ($1.152bn) by 65.5%. ‘Our EBITDA’s margin rose from 22.2% to 30% due to increasing vanadium, coal, and steel prices and due to our cost-cutting program,’ the company says. In fact, the company’s cost-cutting/efficiency-enhancing program resulted in $117m in

UrBC, Yekaterinburg, August 10, 2018. Rospotrebnadzor’s inspectors went on an unscheduled check of a Subway outlet at 6 Gotvald St (Bldg 3) in Yekaterinburg and fined the owner RUR 56,500 as a result. According to Sverdlovsk Region division of Rospotrebnadzor’s press service, a local complained to them about having health problems after eating the food from the said fast food outlet. The complaints resulted in an emergency inspection which uncovered numerous sanitary problems and failure to comply with existing tech regulations. For one, the cafe owner only had the papers for the meat

UrBC, Yekaterinburg, August 10, 2018. Russia’s Central Bank placed a claim against TagilBank, Sverdlovsk Region Arbitration Court’s files indicate. It is unclear at the moment what the claim consists in. Deposit Insurance Agency features as a third party in the case. AO TabilBank was set up in Nizhniy Tagil on November 25, 1991. On July 20, 2018, the Bank of Russia had the bank’s license annulled. According to the bank’s latest report, TagilBank came 409th in the national bank rating as of July 1, 2018. Sberbank is currently in charge of repaying TagilBank’s customers their deposit insurance.