Mid-Urals Development Corporation's Director-General's term extended

November 16, 2012. Governor of Sverdlovsk Region Evgeny Kuivashev is to chair the Mid-Urals Development Corporation (KRSU) BOD, he announced at the Sverdlovsk Region Investment Committee meeting today. ‘KRSU is now facing some very daring challenges and need a powerful lobbyist. It would only make sense if the Governor chaired it,’ said the current Chairman Alexei Bagaryakov. ‘Unless there is a legal obstacle to this, I intend to chair the Board of Directors,’ Kuivashev said. KRSU is to solve the problem of kindergartens shortage in the region; this will be done with the help of borrowed

Titanium Valley Management Company has been taken off the list of the Mid-Urals Development Corporation’s affiliated companies. These data are available from the list of the corporation’s affiliated companies for the second quarter of 2012. However, Titanium Valley Special Economic Zone is still among the corporation’s affiliated companies. This special economic zone is the Mid-Urals Development Corporation’s project. According to the latest updates, the project will be financed from the budget without the corporation acting as the intermediary.

According to the Director-General of Mid-Urals Development Corporation Sergey Filippov, all the unfinished construction jobs on the premises around and inside Yekaterinburg EXPO exhibition center will be completed within deadline limits, so all the jobs will be over before Innoprom 2012 kicks off. ‘The recent stoppage had to do with both the weather conditions (repairing the parking lot during the snow-melting period makes no sense) and the prolonged disagreements between the customer and the general contractor, Rusgrad. Now Rusgrad is not happy with the final cost of the construction jobs

The Mid-Urals Development Corporation explains the delay in the construction of a low-rise residential block Istoksky by the new regional Cabinet formation. ‘Changes in the composition of the Cabinet were the reason why a crucial agreement between the corporation and Sverdlovsk Region Government could not be signed,’ says the company’s Director-General Sergey Filippov. The corporation also explained the project of was supported by the Construction Ministry. ‘We gave this project our general support, and we intend to develop it. Under the existing agreement, the dwellings will primarily be

January 13, 2015. Sverdlovsk Region Arbitration Court is going to consider Low Rise Construction Center’s bankruptcy application. The files were submitted to the court on December 30, 2014. Low Rise Construction Center is the Mid-Urals Development Corporation’s (KRSU) daughter enterprise and therefore belongs to Sverdlovsk Region. In 2012, the company took out a 260m RUR loan from Sberbank, guaranteed by the KRSU, in order to put up Yuzhny District in Yekaterinburg. 230m RUR were taken out by the borrowing party in 2012 and 2013, with the money to be paid back by September 25, 2015. However,