UrBC, Chelyabinsk, September 20, 2017. Russian Copper Company opened Metallurg, a new, multi-purpose sports facility in Karabash, where the company runs its Karabashmed, the company press service reports. The solemn opening ceremony took place on September 18, 2017. The event was attended by Governor of Chelyabinsk Region Boris Dubrovsky, Russian Copper Company Chair of the BOD Igor Altushkin, and Mayor of Karabash Oleg Budanov. Metallurg is one of the first projects Russian Copper Company has implemented as part of its agreement with Chelyabinsk Region Government on urban improvements in

UrBC, Yekaterinburg, September 20, 2017. Thirty-four employees of ChTPZ Group’s Pervouralsk New Pipe Plant (PNTZ) got enrolled as students of B.N. Yeltsin Ural Federal University’s Chair for Pipe-Making Technologies and Equipment; the chair is located right on the plant’s premises. According to the Group’s press service, twenty-one students are now on the Bachelor’s program for Metallurgy. Thirteen of them are, in fact, alumni of the company’s Future of White Metallurgy Corporate Training Program. Thirteen more people are on the Master’s program for Metal Treatment Under Pressure. This is the

UrBC, Ozersk, September 19, 2017. ChTPZ Group presented its Vysota Arena project at Ozersk Council meeting; the meeting was chaired by Mayor Evgeny Scherbakov, the company press service reports. The idea is to set up a multifunctional sports facility suitable for mini-football, volleyball, basketball, and hockey/skating in winter, a workout site, and a children’s playground with specially provided parking slots. For construction purposes, a module boiler unit and a transformer power substation need to be put up first. ‘This is going to be a multi-purpose building, not only an arena for

UrBC, Yekaterinburg, September 19, 2017. Sverdlovsk Region-based leather goods manufacturers’ output declined by 78.3% in the eight months of 2017 compared with one year earlier, Sverdlovskstat reports. At the same time, the overall leather output rose by 12.5% in August 2017 compared with July 2017. However, this figure was 88.4% less than in August 2016. Additionally, the output of paper and paper-based goods dropped by 31.8% in Sverdlovsk Region in the course of one year. All in all, the overall output of companies in the processing sector rose by 4.7% in January-August 2017 compared with

UrBC, Yekaterinburg, September 19, 2017. ChTPZ Group’s SOT is expanding its product range with new welded pipe piles, the company press service reports. The piles are mainly used for beach- and bank-protection purposes to ensure strength, stability, and a structure’s increased lifespan. ‘These bank-beaching produce is likely to enjoy increased demand as oil and gas companies keep working on in-shore deposits on a large scale. The plant took this challenge very seriously and mastered the production of high quality welded pipe piles in only five months between April and August,’ says the

UrBC, Magnitogorsk, September 19, 2017. Magnitogorsk Iron & Steel Works (MMK) is now among Russia’s top ten environmentally proactive companies in the O&G and metallurgical sector for the first half of the year, the company press service reports. The rating was compiled by Zhivaya Planeta Chanel and MOMRI and featured environmental initiatives put forth by thirty-three Russian metallurgical and O&G enterprises; all the initiatives got some media coverage in January through June. MMK came tenth in the rating (just like six months previously) and was the only ferrous metallurgical

UrBC, Yekaterinburg, September 19, 2017. Sverdlovsk Region-based building businesses’ turnover amounted to RUR 60.6bn in the eight months of 2017, which is 16.4% less than one year previously, Sverdlovskstat’s data indicate. The turnover of businesses and organizations in the culture, sports, and entertainment sector declined by 5.2%, down to RUR 4.6bn, that of businesses in the polygraphic sector by 5.9%, down to RUR 1.4bn. On the whole, local companies’ turnover reached RUR 2,214,793,000,000 in January-August 2017, which exceeds the figures for one year earlier by 9.9%. The increase was

UrBC, Chelyabinsk, September 18, 2017. Russian Copper Company and Chelyabinsk Coal Company set up Promrekultivatsiya, a joint venture created to help Korkinskiy Coal Mine go into liquidation, Russian Copper Company’s press service reports. 50% of Promrekultivatsiya’s shares belong to Chelyabinsk Coal Company, the other 50% to Tominsky Ore Mining & Processing Enterprise (the asset of Russian Copper Company Group). Nikolai Dzhemilev was appointed the JV’s director. The goal is to liquidate Korkinskiy’s processed working material and fill the empty spaces with special filling produced at

UrBC, Yekaterinburg, September 18, 2017. SKB-Bank came third in the rating of the Urals and Siberia’s leading banks in terms of asset volume (RUR 132.727bn) and own funds (RUR 15.663bn) in the first half of the year, the bank’s press service reports. The rating was created by Expert Analytical Center. The bank’s consumer lending activity amounted to RUR 69.077bn as of August 1, 2017, thus making the bank No.1 among the banks based in the Mid-Urals. According to Expert’s research findings, SKB-Bank kept lending actively to both private individuals and businesses in the first quarter of 2017

UrBC, Yekaterinburg, September 18, 2017. Ural Airlines will be operating its Yekaterinburg-Yakutsk-Yekaterinburg flight once again, the air carrier’s press service reports. The scheduled flights will be available every Wednesday between October 19, 2017 and March 22, 2018; the return flights from Yakutsk will be operated every Thursday. Passenger can now benefit from the special price offer: RUR 13,050 (one way). ‘The flight is great both for tourists and people on business trips. Those arriving in Yekaterinburg will be able to see plenty of landmarks: the geographical borderline between

UrBC, Yekaterinburg, September 18, 2017. 1.074m m2 worth of new housing got commissioned in Sverdlovsk Region in January-August 2017, which was 6.8% less than one year previously, Sverdlovskstat reports. 207,400 m2 worth of new housing got commissioned in the month of August, which exceeded the figures for one year earlier by 45%. This figure included 60,700 m2 worth of private houses (-1%).

UrBC, Yekaterinburg, September 18, 2017. Sverdlovsk Region-based end users and communal housing services providers owed utilities suppliers RUR 25.5bn (including RUR 1bn worth of bad debt) by the end of June 2017, Sverdlovskstat reports. At the same time, end users did pay RUR 41.5bn (95.5% of all bill amounts) in January to June 2017. This means there was an average of RUR 2,294.6 worth of housing services per user a month. According to Sverdlovskstat, their statistical data involve 2,296 communal housing services providers. These companies made RUR 73.3bn in terms of profit in January-June

UrBC, Yekaterinburg, September 15, 2017. EVRAZ Holding supplied over 800,000 kg of rails to Nizhniy Novgorod; the rails will be used to build a connection to Strelka Underground Station. Strelka will be the last station on the Sormovsko-Mescherskaya Line that will ensure an underground link for yet another one of the city’s districts. EVRAZ Holding’s West-Siberian Integrated Metallurgical Works (ZSMK) made 25-meter-long R50 rails for this. ‘Strelka Station is one of the priority components of the city’s infrastructure and is Nizhniy Novgorod Underground’s 15th station. The construction is to

The Industrial World. Chelyabinsk Tube Rolling Plant Collection Exhibition will open in Moscow’s Multimedia Art Museum (MAMM) on September 15. The exhibition features works by Soviet artists active in the twenties to the eighties and works by two contemporary artists; the genre is industrial photography and art installations. The exhibition is coordinated by the museum and ChTPZ Group in celebration of the plant’s 75th anniversary. This is the first time exhibits from the plant’s company collection (over 450 canvases and graphic art items) will be presented to the general public. The

UrBC, Magnitogorsk, September 15, 2017. 40% of goods supplied by Magnitogorsk Iron & Steel Works (MMK) onto domestic market last year were actually supplied to metal service centers; in 2015, the figure was 32%, MMK Information, PR & Advertising Department reports. This increase had to do with greater use of IT technologies in the sales process, says MMK Regional Sales Group manager Alexander Margishvili, who spoke at the 8th All-Russian Metal Service Conference in Novosibirsk on September 14. ‘MMK’s rolled metal goods mainly get processed by companies based in the nearby Urals and

UrBC, Magnitogorsk, September 15, 2017. Magnitogorsk Iron & Steel Works (MMK) decided to direct money to planting trees and shrubs around seventy schools and kindergartens in Magnitogorsk, MMK Information, PR & Advertising Department reports. ‘This is one of the Year of the Environment initiatives that is carried out in cooperation with the town council. Our Environmental Protection and Environmental Control Department drew up a list of schools and pre-school establishments that need more green. These are mostly Chelyabinsk Region-based schools on our last year’s program, which

UrBC, Yekaterinburg, September 15, 2017. Russia’s Federal Tax Service’s Sverdlovsk Region division carried a preliminary report on the tax return campaign 2017. According to the division, 323,000 tax forms were submitted to the fiscal authorities by private individuals in the seven months of 2017. 22,000 taxpayers submitted tax forms stating yearly income of 1m RUR or more; this was 14% more than one year earlier. 21,000 people declared yearly income of 1m RUR to 10m RUR (up 14%), 705 people declared yearly income on 10m RUR to 100m RUR range, 89 people in the 100m RUR to 500m RUR range, 11

UrBC, Yekaterinburg, September 14, 2017. Two new workout sites opened in Yekaterinburg’s Zheleznodorozhny District thanks to two charity funds: Obschestvo Malysheva 73 and the Anton Shipulin Foundation. According to Obschestvo Malysheva 73’s press service, the workout site in Sem Klyuchey Park was opened in the course of a special solemn ceremony, and then the other one in a small park in Pekhotintsev St got an opening ceremony as well. Both sites are located in green areas, but no tree or plant was damaged during the construction process. The Olympics champion in biathlon Anton Shipulin,

UrBC, Yekaterinburg, September 14, 2017. Standard & Poor’s promoted the Ural Bank for Reconstruction & Development’s rating outlook to Stable. The bank’s long-term and short-term credit ratings were affirmed at B-/B, the bank’s press service reports. The rating adjustment was brought about by improvements in the bank’s financial performance indicators, mostly the ones relating to the bank’s retail loan book, and the ongoing stable performance of the bank’s corporate loan book. S&P analysts expect the bank’s business solvency to remain essentially the same in the next year, as the

UrBC, Yekaterinburg, September 14, 2017. 25,700 potentially bankrupt individuals are based in Sverdlovsk Region as of the first half of the year, analysts say. This comes to 1.6% of all borrowers with local banks, United Credit Bureau’s press service says. Analysts say private individuals who owe banks over 500,000 RUR and haven’t been repaying their debt for ninety days or longer are seen as potentially bankrupt under the current personal bankruptcy legislation. Sverdlovsk Region is currently among the Russian territories with the greatest number of potential bankrupts, in absolute terms.