Vladimir Butenko, former Sales Director of Maxi Group, was appointed GD of Nizhneserginsk Metallurgical Works by the company’s Board of Directors Former General Director Alexander Kutakov was offered to lead the construction of Electrometallurgical Works of Togliatti. The Board also arranged for the shareholder meeting on April 3, 2006. The list of attendants is to be determined by the inscribed stock owners roll as of March 10, 2006. The points on the agenda include approving the annual balance sheet as well as the profit and loss account and their distribution. The other points concern the

The Board of Uralkhimplast JSC, chemical works, scheduled the general shareholder meeting for April 21, 2006. The points on the agenda include approving the annual balance sheet as well as the profit and loss account and their distribution, the payment of dividends, electing the Board members and the inspection committee as well as the company’s auditor. Besides, the meeting will have to result in the decision as to a merger with Ural Chemical Company JSC and the merging agreement. This merger appears to be mutually beneficial in terms of prospective increases in profits and produce

‘By December 31, 2006, the investments into voluntary insurance had reached the point of 37,994,330 RUR, the payments for this insurance comprised 10,659, 513 RUR; 2,171,835 RUR were invested in the obligatory car insurance, with payments for it being 585,382 RUR,’ said the spokesperson for Yekaterinburg subsidiary of Renaissance Insuracne Company Ltd.

‘The court officers of Yekaterinburg began enforcing the payment by Kalina JSC of the reputation damage and money loss compensation to Nefis Cosmetics JSC imposed on the former for counterfeiting the washing powder of the latter,’ the company’s spokesperson said to UrBC representative. ‘Kalina has to pay Nefis Cosmetics 10.5 million RUR after the corresponding verdict was returned by the Court of Appeals on January 31, 2006. We gave it a full month to do it voluntarily, and on March 1 we had to send the act of execution to Sverdlovsk Region law-enforcement agencies. On Marc h13, the officer

Starting March 23, the BH-600 block of Beloyarskaya nuclear power plant will be gradually deactivated to make possible the fuel refill and the regular technical examination. The procedures will be accompanied by the emission of inactive steam through the safety valves of turbogenerators. The block will be out of operation until May 21, 2006. In the meantime, the hot water and heating will be provided by city boiler house and the # 4 block now under construction.

Mechel JSC Chairman Igor Zyusin owns 47.1% of the company’s shares after the first transaction has been performed between him and V. Yorikh, the company’s spokesperson said to UrBC representative. A 3.4% share holding is now available to investors. To find the money, Mr Zyusin had to sell 15.9 million GDR that stood for 47.7 million shares and exchangeable UBS securities convertible to 6.8 million GDR that stood for 20.5 million shares; the total amount equaled to 68.2 million shares. The GDR cost 22 USD per share plus 7.8% discount added to the closing price at New York Stock Exchange. The

As a step in realization of nature-conservative measures program, Territorialnaya Generiruyushchaya Kompaniya # 10 JSC (TGK-10) is going to invest 9.3 million RUR into re-equipment of 9 boilers at Chelyabinsk State District Power Plant. During the last few years, the power stations of TGK-10 Chelyabinsk branch have been introducing the new method of gas cycling inside of the boiler furnace. Implementation of this method reduces emission of nitric oxides. Within 2005, this method of gas burning was introduced to three boilers of Chelyabinsk State District Power Plant. TGK-10 is also going to

Chelyabinsk Municipal Unitary Enterprise Upravleniye Munitsipalnogo Zakaza (Chelyabinsk Municipal Contracts Office) has announced an open competition for road construction contracts 2006. According to the contract, the building owner is Chelyabinsk Municipal Works Inspectorate. Five contracts for thorough repairs and reconstruction of Chelyabinsk roads are exhibited for the competition. The length of the reconstructed parts of the road under the contract varies from 0.85 to 3.5 kilometers. They are located in Svoboda, Blyukher, Karl Marx and Kurchatov Streets and Komsomolsky Avenue of

FINAM Management, part of FINAM Investments Holding, started to sell its shares in Chelyabinsk. Milcom Invest has been acting as their agent. The company represents 2 investment funds, FINAM Perviy (mixed investments) and FINAM Obligatsionniy (conservative strategies). In 2005, the profitability of the former comprised 78.51% (17.7% in February 2006). The lower investment limit is 1,000 RUR for the first company and 20,000 RUR for the second one. One can also convert the shares of different funds, for example, by investing in securities or shares during different periods of market growth.

During the first two months of 2006, Uralsky Zavod Zheleznodorozhnogo Mashinostroyeniya (Ural Railway Engineering Works), member of Sinara Group, produced 627 tons of hardware devices. 881 tons of hardware devices were shipped to consumers. The company’s sales increased by 10.6%. Within February 2006, the hardware production output came to 287 tons. 208 tons of hardware devices were shipped to consumers.

On March 18, 2006, Sverdlovsk Region Governor Eduard Rossel met Adnan Kassar, the Chairman and Chief Executive of Fransabank Group, President of Beirut Chamber of Commerce and Industry, Governor’s PR Department says. ‘Mr Kassar is the head of the biggest Lebanese bank and a number of international business corporations. Mr Rossel explained to Mr Kassar in detail the 15-year-long way of Sverdlovsk Region, the former secret land of defense industry, to its present level of world fame. Now the regional foreign-trade turnover comes to $ 8 billion. Sverdlovsk is the only Russian region that has a

Oleg Sotnikov was appointed General Director of Kupets supermarket chain after serving as Technical Director for seven years. Mr Sotnikov hopes to renovate some of the company’s buildings such as the ones in Chkalov St and Agronomicheskaya St; these supermarkets are to undergo massive overhaul. Former GD Oleg Habibullin announced his resignation in order to be fully employed as the City Duma member as early as 2005.

The general shareholder meeting to be held by Metallurgical Company of Magnitogorsk on May 26 will be devoted to the issue of transferring the authority of the sole executive body, now vested with General Director, to MMK Managing Company Ltd., reports the company’s spokesperson. The Managinc Company’s capital is fully owned by the Metallurgical Company; Viktor Rashnikov, current Chairman, is to become President. ‘This decision is one of the steps in the Management Efficiency Enhancement Program. The Group now comprises over 60 enterprises plus the in-plant, it’s still being integrated, so

The meeting of Deputy Head of Sverdlovsk Region Government Vladimir Molchanov and MTA R&D Director John Collins resulted in MTA, Manufacturing Technologies Association of Great Britain, deciding to introduce a subsidiary in Yekaterinburg. MTA comprises over 200 members – producers of machine-building equipment and suppliers of engineering tools, raw materials and component parts. Mr Collins said that MTA members produce met all the international safety and quality standards. The company’s priorities on the Russian market would be setting up joint ventures and investment programs for MTA

The annual general meeting of Snezhinskiy Bank shareholders was scheduled for April 21, 2006. The points on the agenda include approving the annual balance sheet as well as the profit and loss account as well as their distribution. The shareholders will be presented with the report by the management on the company’s achievements in 2005 and goals for 2006; they will also have to approve of the business plan for 2006-2008, elect the inspection committee and the auditor. In what regards the dividends, the Board decided to pay 1.25 RUR per equity

‘We are currently working on two more movie palaces, each possessing at least 8 cinema halls,’ Director Boris Babushkin said to UrBC representative. According to Mr Babushkin, one of the palaces will be located near Limpopo water park, the other one downtown, each possessing the area of 10,000 square meters. The project is going to cost over $ 10 million and will pay off in five years’ time. Mr Babushkin believes that 9 to 10 such palaces located in ultramodern buildings are going to be extremely successful.

Troitsk State District Power Plant started to repair its № 3 turbogenerator. The overhaul will include replacement of banding insulation of the rotor, crack detection of cups and some changes in stator insulation. Everything will have been completed by the end of the month.

Track Production Association has gone through the inspection audit procedure carried out by Intercertifica-TUF specialists on behalf of TUV CERT certificating authority. The auditors approved of the positive trends in the way the system functions – there have been some significant improvements compared to a year earlier. In April, the company is expected to receive the TUV-CERT valid for the next three years. It also possesses the Russian GOST R certificate. It’s been going through certifications since 1999.

Smolino Hotel of Chelyabinsk has been given over to HELIOPARK Hotel Management. ‘There were a number of reasons for this to happen: so many buildings, for example, simply can’t be properly and meticulously run; besides, becoming part of a well-known brand will increase the hotel profitability. The agreement was signed in February 2006, and Moscow cast of HELIOPARK Hotel Management set to work on March 1,’ said HELIOPARK Smolino Executive Director Elena Nardelli. ‘The arrival of the new managing company naturally broughabout some changes. Thus the working day limit was shifted to 12 hours

Evraz Group, an ore maker, has been negotiating with Rover Ltd. of Kemerov on buying coal. According to Evraz proprietors, the company is going to develop the new coal business and buy more coal. The Group has been reported to be doing the preliminary assessment of the coal company, yet Evraz itself has not given any official comments so far, says Vedomosti newspaper. In 2005, Rover Ltd. was nearly bought by the metallurgical industrial complex of Magnitogorsk; the owners of the coal company, including GD Timur Tsoriev, had been negotiating on the issue of acquisition, but the transaction