UrBC, Yekaterinburg, May 22, 2019. Head of Magnitogorsk Iron & Steel Works (MMK) Category Purchases Department Pavel Vasev is now Purchases Director of the Year 2019. According to MMK’s Information & PR Department, the large-scale changes introduced in the company’s purchasing practices resulted in a much more efficient supply chain for MMK. ‘This isn’t the first time MMK’s purchasing practices get assessed so highly by the expert community. The plant won the annual all-Russian Competitive Purchases Leader contest several times before. For one, MMK got the Best Project on Business

UrBC, Yekaterinburg, May 22, 2019. Sverdlovsk Region-based employers owed their workers RUB 35.1m in delayed wages and salaries as of May 1, 2019; this is RUB 3.9m,or 10.2%, less than the figures for April 1, 2019 and does not include the data for small enterprises, Sverdlovskstat reports. All in all, six local organizations owe pay to 548 workers at the moment. The number of employees with delayed wages is at its highest in the motor engine production sector (353 people, total amount: RUB 21.792m), heating energy-producing boiler shops (97 people, total amount: RUB 2.56m), and the companies

UrBC, Yekaterinburg, May 22, 2019. The share of overdue debt (30+ days) on consumer loans issued to Sverdlovsk Region-based borrowers dropped by 0.8%, down to 20.8% of the overall amount owed in Q1’19, the National Credit History Bureau reports. In Russia on the whole, the share of bad debt declined by 1.7% in the first quarter of 2019 against one year earlier and came to 20.2%. ‘Even though the share of overdue payments kept going down throughout 2018, there is still quite a lot of bad debt in the consumer lending sector, despite the fact that creditors keep monitoring both the quality of

UrBC, Moscow, May 22, 2019. Russians’ factual incomes are highly unlikely to go up this year, Russia’s Accounts Chamber’s analytical report on the federal budget/the state-run non-budget funds’ budget implementation in January-March 2019 states. ‘Both Urals oil prices and the ruble exchange rate kept going up throughout the first quarter of 2019. Inflation rate went up to 5.3% a year in March, industrial production output increased by 2.1%, and retail trade turnover increased by 1.8%. People’s factual disposable incomes, however, kept dropping (by 2.3%),’ the report indicates. According to

UrBC, Yekaterinburg, May 22, 2019. Star Festival for student summer job teams will take place in District Akademicheskiy in Yekaterinburg on May 26, 2019. This year’s event is dedicated to the 60th anniversary of the student summer job organizations in Russia, RSG-Akademicheskoye’s press service reports. Some 1,300 festival participants will gather next to the student summer job teams’ monument in the center of Krasnolesye St-Pavel Shamanov St- Wilhelm de Gennin St quarter. The student summer job organizations first appeared in Sverdlovsk Region 56 years ago. There are more than 3,000