UrBC, Yekaterinburg, July 29, 2019. ChelPipe Group and MetalloInvest held a coordination meeting on the premises of the latter’s member enterprise Ural Steel. The two companies’ managers and experts talked about the pricing policy, the quality, and the delivery terms for the rolled steel ChelPipe Group’s Chelyabinsk Pipe Rolling Plant (ChelPipe) needs to make large-diameter pipes, the company’s press service says. Ural Steel is currently one of ChelPipe Group’s strategic sheet metal suppliers. In 2018, the company supplied 270,000,000 kg of metal goods to ChelPipe, with more than 220,000,000

UrBC, Yekaterinburg, July 29, 2019. OOO FORES intends to direct RUB 100m to job safety and industrial safety projects this year; this is part of the company’s Collective Agreement. Besides, more than RUB 4.6m will get allocated for employee healthcare programs (more than RUB 6m if you account for preliminary checkups and examinations by psychiatrists), the company’s press service reports. Nearly 150 people working for FORES, including 44 employees approaching retirement age, will be able to stay at three local sanatoriums this year. Preretirement-age employees get catered for in accordance

UrBC, Moscow, July 29, 2019. On 26 July 2019, the Bank of Russia Board of Directors decided to cut the key rate by 25 bp to 7.25% per annum. Inflation slowdown is continuing. At the same time, inflation expectations remain elevated. Russian economy’s growth rate is coming in lower than the Bank of Russia’s expectations. Weak economic activity, along with temporary factors, limits inflation risks over the short-term horizon. According to the Bank of Russia’s forecast, taking into account the pursued monetary policy, annual inflation will return to 4% in early 2020,’ the recent press release on

UrBC, Yekaterinburg, July 29, 2019. There were 612 travel agents in Sverdlovsk Region last year, including 35 companies also acting as tour operators (5.7%) and 6 companies acting solely as tour operators (1%), Sverdlovskstat reports. 170,700 package tours got sold to Sverdlovsk Region-based customers in 2018 (total value: RUB 13.8bn), which was 11.1% less than one year previously. The mean price of a package tour came to RUB 80,700 (up 11% against the year 2017). Russian nationals purchased 117,100 international tours from the local agents last year (compared with 139,200 tours in 2017);

UrBC, Chelyabinsk, July 29, 2019. Chelyabinsk Region division of Russia’s Federal Antimonopoly Service is currently looking into a complaint placed by a local resident regarding the growing retail bread and pastry prices on offer at Pyaterochka and Magnit supermarket chains, the division’s press service reports. Now the prices are rising for the bread made by AO Pervy Khlebokombinat, which holds a 50% share of Chelyabinsk Region’s wholesale bread market. According to the information the FAS’s Chelyabinsk Region division obtained in December 2018, the manufacturer was going to increase its