Magnitogorsk Iron & Steel Works (MMK) developed a technology for the production of coin metal with unique properties, the company’s PR Department reports. ‘Experts from Russia’s largest coin-making enterprise GURT sent their technical specifications for the metal meant for ten-ruble coins out to Russia’s leading metallurgical enterprises in 2009. Ensuring the low surface roughness, precise thickness, and a limited hardness range all at the same time was not easy, but our metallurgists managed to do this. A special technology was elaborated at MMK’s Central Control Lab that made it

The Bank of Russia’ PR Department reports Khanty-Mansiysky Bank has had to face administrative liability for the administrative violations described in Article 15.27 of the Russian Federation Administrative Offense Code. The said Article concerns an organization’s failure to meet the AML/CTF legal requirements.

Sverdlovsk Region Arbitration Court sustained the claim laid by OOO Outdoor City against ZAO Zeta Motors and made the defendant pay 100,000 RUR. According to the files of the case, the two companies signed an agreement for locating and displaying a number of advertising materials in December 2009. OOO Outdoor City promised to display the ads in Vosmoye Marta St, Malyshev St, and Karl Liebknecht St in Yekaterinburg. The ad campaign services cost 245,580 RUR, but Zeta Motors did not agree to pay a portion of the sum of its own accord and left the plaintiff’s queries unanswered. The court ruled

A Yekaterinburg-based businesswoman insists that OOO Adidas pay the rent it owes her. Sverdlovsk Region Arbitration Court has set the hearing of the case for May 16, 2012. According to the available data, a sole trader Galina Savelyeva wants the company to pay her 5.24m RUR, hand over the shopping premises under the transfer act, and sign the end-of-rental-term contract. The money in question is the rent covered for by the agreement the two parties signed on May 16, 2005 and pertaining to the period between August 27, 2011 and January 20, 2012. Now the defendant’s representative denies the

An American-Russian joint venture for artificial resin production is being set up in Nizhniy Tagil at the moment. The resin is meant to satisfy the needs of the abrasives, friction materials, and tire-making industries. The JV, founded by Uralkhimplast and SI Group, is called Uralkhimplast SI Group and will be located on the premises of Tagil Chemical Park, the company’s press release says. This project is part of Governor Alexander Misharin’s initiative for the creation of a chemical cluster in the Mid-Urals. The negotiations for the project began in 2010, the decision to set up the JV was

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

Yekaterinburg Municipal Council announced the terms on which the municipal property located at 48A Lenin Ave can be privatized. The premises in question are the basement (Rooms 127-138, 142, 153-156, 190-199) and the semi-basement (Rooms 9, 1-49, 58, 63-67) with the total area of 1,147.7 sq m. These are non-residential premises subject to the terms of a rental agreement with OOO Polimettsentr that has recently been renewed for an indefinite period of time. OOO Polimettsentr is a legal entity in the possession of the restaurant Љvejk and a coffee place called Tchaikovsky. The proposed method

Sverdlovsk Region imported $36.8bn worth of goods and exported $8.51bn worth of goods in 2011, the region’s Minister for International & Foreign Economic Relations Alexander Kharlov said at the meeting of Sverdlovsk Region Legislative Assembly’s Regional Policies & Local Government Development Committee. ‘The export of machine-building industry-related products amounted to $1.5bn in 2010 and shrank by nearly two times a year later. This was the case because we stopped shipping goods to Iran, formerly our key customer. Our enterprises buy $2bn worth of machine-building products

The American State Street Bank and Trust Company, one of the world’s largest financial institutions and one of the key players in the field, now co-owns Chelindbank: the bank bought a 6.64% stake in the business (53,500 shares), Marker reports. State Street Bank is part of the corporation by the same name, one of the United States’ leading providers of financial services to institutional investors. As of December 31, 2011, State Street was in control of $1.9 trillion, while its net profit dropped by 9% in the first quarter of 2012 and came to $427m. The bank’s quarterly revenues reached

Sverdlovsk Region Natural Resources Ministry rejected Sverdlovsk Region Union of Industrialists & Entrepreneurs’ request to replace the gross emissions reduction indicator with the carbon intensity per ton reduction one. In March 2012, the Union suggested to head of region’s government Anatoly Gredin that the carbon intensity limits recommended to a certain enterprise should be based on those employed for the world’s best mining and chemical & metallurgical enterprises. ‘In order to promote further production development, improve on the quality of machinery and technologies, create

The member enterprises of NLMK Sort (NLMK’s section iron division) sold over 300,000 tons of reinforcing bars, 62,000 tons of metal goods, and 25,000 tons of rolled wire in January-March 2012 (which was, respectively, 5% more, 34% more, and 42% less than in the first quarter of 2011). The companies sold about 390,000 tons of metal goods altogether; this was 10% less than a year earlier. ‘The decrease in the total quantity of metal goods sales was caused by dropping volumes of semi-finished goods and rolled wire export shipments. The decline of export shipments, on the other hand, has meant we

OOO Finishing Work Directorate 1 called off its claim against US BAES from Sverdlovsk Region Arbitration Court; the plaintiff originally insisted on the latter’s being declared bankrupt. Now US BAES is a daughter enterprise of Uralenergostroy Management Company that was set up to supervise the building and assembly jobs at Beloyarskaya nuclear power station’s BH 800 generating unit. OOO Finishing Work Directorate 1 had claimed earlier that the defendant owed them over 7m RUR.

Central Stadium in Yekaterinburg will be completely prepared for the Russian Cup final on May 9, head of Russian Football Union’s PR Departmetn Nikolai Komarov told R-Sport. Nevertheless, some media announced earlier that the poor condition of the lawn at the stadium might make it necessary to transfer the match to another city. ‘Russian Football Union is puzzled by the media announcements regarding the alleged transfer of the Russian Cup final game between male teams from Yekaterinburg to another Russian city. We definitely do not confirm this news. Moreover, we are positive that the

Enel OGK-5’s Board of Directors suggested that the company’s stockholders should vote for passing last year’s dividend at the upcoming AGM. The annual general meeting has been scheduled for June 20, 2012. The BOD also confirmed the agenda of the meeting: the stockholders are to approve of the annual report and the annual accounting report, to elect the new BOD members and the company’s audit committee, select an auditor, adopt the new version of the company’s Charter, and approve of a number of related party transactions.

The launch of the Kingdom of Thailand’s trade or diplomatic mission in the region might give a new impulse to the development of economic relations between Sverdlovsk Region and Thailand, Chairman of Sverdlovsk Region Government Vladimir Vlasov said in the course of his official meeting with the Ambassador Extraordinary & Plenipotentiary of the Kingdom of Thailand to Russia Itti Ditbanchong. ‘The Mid-Urals and Thailand’s cooperation is an ongoing process. It now mainly covers the humanities-related fields, but the cooperation potential is definitely far from being used up at the moment.

Sverdlovsk Region Arbitration Court stopped the proceedings relating to the claim laid by the Ural Region’s strong drinks supplier ZAO SECOM against Kostya Tszyu Boxing Academy; the plaintiff originally insisted on being paid 50,000 RUR in accordance with the loan agreement. The claim was placed with the court by the plaintiff on March 23, 2012. SECOM’s Legal Department told UrBC earlier that the fund was lent 1m RUR, but the remaining portion of the debt, 50,000 RUR, had to be claimed in court, despite all the existing arrangements and the Academy’s promise to pay the money back. According

Uralmashzavod’s BOD meeting resulted in the decision to recommend that the stockholders vote for passing last year’s dividend in the course of the AGM. ‘We recommend that the AGM should pass and not pay any ordinary or preference share dividend for 2011 because of the losses incurred in the financial year 2011,’ the company’s report states.

The premise of an ex-retailer Technosila in Park House Shopping Center will now be used by H&M’s third Yekaterinburg store: the brand already runs outlets in Greenwich and Comsomall shopping malls. H&M (Hennes & Mauritz) is a Swedish business and Europe’s largest clothes-selling retail chain selling clothes.

Norway’s visa center will start operating in Yekaterinburg on May 10, 2012, the online portal TourBusiness reports. Norway’s Embassy in Russia signed an agreement with VFS Services LLC Russia that entitles the latter to accepting and processing applications for all visa types. ‘The Embassy has seen a record-setting number of applications over the last few years. Last year, our visa section issued 30,236 visas, which was the largest figure among all of Norway’s foreign representations in terms of applications submitted and visas issued. The agreement will result in considerable expansion of

Sverdlovsk Region division of Rospotrebnadzor (the state consumer rights agency) offered some comment on the lethal whisky poisoning caused by a bottle of Hankey Bannister purchased at Krasnoye & Beloye store at 9 Manevrovaya St. in Yekaterinburg. ‘Central Yekaterinburg Department of Rospotrebnadzor’s Sverdlovsk Region division informs Yekaterinburg dwellers that a nineteen-year-old woman died from alcohol poisoning at a sauna located in the city’s Zheleznodorozhny District. She had some Hankey Bannister whisky,’ the agency reports. ‘A bottle of Hankey Bannister was bought at Krasnoye