‘Foreign heavy engineering companies control 70% of the market at the moment; Russian companies fall behind because of a long history of being underfinanced, experiencing quality problems and difficulties meeting the deadlines brought about by faulty business structures. Now, we have the means to improve the situation,’ Uralmashzavod’s Marketing and Strategic Director Alexei Slavitch said at a press conference on March 28, 2008. ‘So far, Uralmash Machine-Building Corporation has done a lot to find its way out of a crisis. The company’s main achievement is that we now have a clear divisional

The 500-megawatt power generating unit 10 was re-launched at Reftinskaya power station (part of OGK-5), having been fully restored after the breakdown, the spokesperson for OGK-5 reports. Yet it took the company nearly eighteen months to have the unit fixed. The breakdown occurred on December 20, 2006 when the power station caught fire, destroying the roof of the main building and ruining the power unit completely. The power station’s second 2,000-megawatt section had to be shut down, which infringed on the system’s reliability and did the company over 237 million RUR worth of damage. Later

According to the Central Bank of Russia, volume of loans given by Pervouralsk Joint Stock Commercial Bank to private individuals for 181 days to 1 year went down by 4.02% (from 30.327 million RUR to 29.107 million RUR) in January 2008.