Following the decision of Board of Directors of RAO UES of Russia made on June 23, 2006, the company’s executives compiled the list of additional share issue projects targeted at attracting more money into heat generation development. Thus, financing obtained through issuing shares of TGK-9, the heat and power generating company, will be used to renovate the power generating facilities in Sverdlovsk and Perm Regions. The share of RAO UES of Russia in the authorized capital of TGK-9 (given the recent merger with Regional Generating Company of Komi JSC) should come to at least 25% plus 1 share

First Deputy Head of Sverdlovsk Region Government Vladimir Molchanov held a meeting devoted to preparations for the 1st UralMetalExpo 2006 industrial fair/exhibition that will be opened on the premises of the state exhibition center in Nizhniy Tagil on September 7, 2006. The event is sponsored by Sverdlovsk Region Government, Regional Association of Metallurgists, Council of Nizhniy Tagil, and Uralvagonzavod, one of the region’s largest plants. According to the Director of the exhibition center Valeriy Rudenko, over 15o enterprises from 13 Russian regions, France, Germany, and the Ukraine

Minister for International and Foreign Economic Relations of Sverdlovsk Region Viktor Koksharov received a fax message from the Ambassador of the Republic of Slovenia to Russia Andrei Benedeitich informing the Minister about the decision of Slovenian Chamber of Commerce and Industry to set up a representation in Yekaterinburg. In this message, Mr Benedeitich also let Mr Koksharov know that they had already appointed current First Secretary of Slovenian Embassy in Moscow Mr Esad Asti Director of the Chamber, reports the spokesperson for the Governor of Sverdlovsk Region.

According to the Central Bank of Russia, the amount of overdue payments of sole traders to UralTransBank has gone up from 7,554,000 RUR to 11,753,000 RUR throughout January to July 2006.