The net debt of Enel OGK-5 came to 25,635m RUR as of June 30, 2012, the company’s press service reports. In the first half of the year, the company produced 22,095 gigawatt-hours worth of electric power, which is 1,427 gigawatt-hours, or 7%, more than in the first half of 2011. Electric power sales reached 24,890 gigawatt-hours in the first half of 2012, which was 7% better than a year earlier, while the share of free market sales amounted to 84%. Revenues resulting from the company’s core business activity reached 31,238m RUR, exceeding the figures for the first half of 2011 by 5%. EBITDA

VUZ-Bank is now offering its business customers unique loan terms. Now it only takes one day an a very concise set of documents to get the decision on a loan when a company with good accounting records is involved, the bank’s press service reports. The bank gave up on its credit committee system that used to make the decision-making process so long. When it comes to customers with good financial records, it is the Business Customers Director Rustam Dautov himself who makes the decision on granting up to 10m RUR in the format of a working capital financing loan, an overdraft, or a guarantee

Starting August 1, 2012, Uralsevergaz stops supplying natural gas to YekaterinburgEnergo’s boilers. The reason behind this decision is that the latter failed to meet the payment schedule for the debts (for the natural gas shipments) and that the natural gas delivery agreement expired on July 31, 2012, Uralsevergaz’s press service reports. This means that YekaterinburgEnergo is to blame for the fact that a great part of Yekaterinburg residents will have no hot water supply. However, the supply of natural gas to socially important buildings will not stop. By the time the heating season was over

A work team was set up to cope with the problems of timber transportation in Sverdlovsk Region, Sverdlovsk Railways’ press service reports. A day earlier, on July 26, Head of Sverdlovsk Region Government Denis Pasler’s meeting with Head of Sverdlovsk Region Railways Alexei Mironov resulted in the decision to elaborate a set of measures aimed at supporting the region’s timber industry. 303 companies use timber shipments via Sverdlovsk Railways (148 of whom are based in Sverdlovsk Region). Yet just three enterprises (Bogdanovitch Treating Plant, ZAO Fancom, and Sagra Forestry) are responsible

Russia’s Federal Antimonopoly Service (FAS) sustained the petition placed by Territorial Generating Company 9 (TGK-9, part of IES Holding) regarding the purchase of a 100% holding of voting shares in Territorial Generating Comapny 6 (TGK-6), FAS reprots. The agency provided a special decree for TGK-9 (valid for five years) in case the deal goes through. For one, FAS made it obligatory for TGK-9 to inform them of the transaction coming into effect within a ten-day period and to sell the power generating facilities at Novokuibyshevskaya Power Station 1 and Novokuibyshevskaya Power Station 2 to

The second extension to the cold-roll facility was launched at Magnitogorsk Iron & Steel Works (MMK); the launching ceremony was attended by Russian President Vladimir Putin. The facility, which has the capacity of 2m tons of goods a year, is mainly intended for the production of high quality cold-rolled and zinc-coated rolled products for the external and internal car parts in accordance with the latest technologies; what is more, these goods can also be used for making white goods as well as in the building industry. The project required a total of 44.5bn RUR worth of investments

A tension-leveling machine was launched in the test mode at Magnitogorsk Iron & Steel Works (MMK) coatings shop. The machine was installed within the tin plating line. The unit is mainly meant for improving the final flat surface accuracy of tin plate. MMK is now Russia’s only producer of this kind of produce. Tin plate is mostly used for food packaging, for example, tinned food. The Russian market’s capacity is estimated at about 300,000 tons a year, of which at least 50% is produced by MMK. Over the last few years, some new, highly productive tin lines capable of making up to 1,200 tins

The Supervisory Board of the Association of Russia’s Mining & Metallurgical Union and the executive committee of Russia’s Mining & Metallurgical Trade Union’s Central Council came up with the results of the Mining & Metallurgical Enterprise with Great Social Efficiency Contest on the eve of Metallurgist’s Day. Magnitogorsk Iron & Steel Works (MMK) was declared the winner in the Conservation Activity & Resource Saving category and was awarded the diploma of the Russian Federation Industry & Energy Ministry, the Association of Russia’s Mining & Metallurgical Union,

Concern Kalina started reorganizing from an open joint stock company into a limited liability one. The decision to start the reorganization of Concern Kalina JSC into Concern Kalina LLC was supported by 5.24m votes against 1.19m of those who abstained, the company reports. The voting meeting also included the agreement on the procedure of exchanging Concern Kalina JSC’s shares for Concern Kalina LLC’s participant contributions: it was decided that Concern Kalina’s 6,438,348 shares (face value 70 RUR each) should be exchanged for a share in Concern Kalina LLC’s authorized capital. Concern

Yekaterinburg Leninsky District Court keeps looking into the criminal case involving the founder of the financial pyramid schemes Livingston Investment, Global Gaming Expo, and UTG Alexei Kalinichenko; the court heard three complainants today; the accused himself was not present at the hearing. Kalinichenko set up Livingston Investment, Global Gaming Expo, and UTG in 2003; the companies lured the gullible private investors in by promising an impressive weekly interest (allegedly the money was used for trading on Forex). According to the investigative team, the man used Meta Trader to upload

Sverdlovsk Region division of Russia’s Antimonopoly Service admitted that a Rospil UrFO representative, who claimed that the government order for seven iPhones and six iPads by Apple had been illegitimate, was right. ‘The FAS’s division confirmed this complaint was justified. The order fails to comply with a number of regulations regarding the placement of government orders. We issued a decree to have the order countermanded,’ the agency reports. Now Sverdlovsk Region Government placed an order for seven iPhones and six iPads by Apple; the maximum price was set at 176,120 RUR. According to

About 85% to 86% of rental ads relating to Yekaterinburg housing that are available online are not real, Yandex.Real Estate reports. ‘The accuracy of these ads is one of the serious real estate market problems, especially on the rented housing market. Agencies often upload ads on premises that do not exist in order to lure in customers. In Yekaterinburg and Sverdlovsk Region, this accounts for 85% to 86% of ads,’ the message states.

Khanty-Mansiysky Autonomous Region Arbitration Court declared that OAO Tyumenenergo should pay off its 1.2bn RUR debt, the Agency for Legal & Court Information refers to a court representative as saying. Khanty-Mansiysky Autonomous Region – Yugra Arbitration Court sustained the claim of Rusenergoresource regarding making Tyumenenergo pay them 1.2bn RUR worth of debts. The court enforced the payment of 1.02bn RUR worth of unjust enrichment to Rusenergoresource and 179.6m RUR worth of interest upon Tyumenenergo.

On April 26, 2013, Ural Airlines will launch a new scheduled flight from Saint Petersburg to Cologne and back. Tickets can already be booked: the cheapest ones are available for 8,160 RUR (round trip, all fees included). Starting April 26, 2013, the flight will be operated every Wednesday, Friday, and Sunday via a comfortable A320 manufactured by the European concern Airbus. The plane is fitted with both the economy and the business class sections. Ural Airlines also operates a scheduled flight Moscow-Cologne-Moscow: this flight was launched in April 2012.

Sinara Pipe Plant (a part of Pipe Metallurgical Company (TMK)) is now working on a project for the reclamation of landfills where the company’s production waste is disposed. In compliance with the current Russian environmental legislation, the reclamation is aimed not only at restoring the practical value of the destroyed land but also at improving the environmental conditions, TMK press service reports. So far, a number of engineering, geodesic, hydrological, hydro-meteorological, and environmental surveys have been carried out. The findings were used to design a project for the reclamation

Experts from Sinara Pipe Plant (a member of Pipe Metallurgical Company (TMK)) took part in the international technical conference Metal 2012 on the premises of Byelorussian Metallurgical Palnt in Zhlobin, Byelorussia, TMK press service reports. Over 130 participants from different countries attended the conference. The Russian delegation comprises five young experts from Sinara Pipe Plant; they joined four out of the forum’s eleven sections and demonstrated a great level of project preparedness everywhere. At the end of the conference, a report on the methods of enhancing IT systems’

In the first half of the year, 21 legal entities performed foreign trade transactions in Yamalo-Nenetsk Customs area and filled out 508 cargo manifests (including 255 import ones and 253 export ones). A year earlier, 620 cargo manifests were filled out, including 295 import ones and 325 export ones, Ural Customs Administration’s press service reports. The foreign trade turnover came to $236.5m, with 85.4% of goods coming to or from the far abroad ($202.1m) and 14.6% of goods coming to or from the CIS ($34.4m) Imports amounted to 34.5% of the foreign trade turnover ($81.7m), while exports

According to the files of the case, Sverdlovsk Region Arbitration Court stopped the bankruptcy proceedings of OAO Pnevmostroymachine. The proceedings were stopped because the plant had come to an out-of-court settlement with its creditors. Now Pnevmostroymachine submitted an insolvency application to the court itself in the fall of 2009. There are 76 legal entities on the creditors’ list, with their claims amounting to a total of 2.17bn RUR.

The Italian authorites haven’t yet responded to the query regarding the seizure of Alexei Kalinichenko’s Italian assets; the man is accused of fraud involving his investors’ money, Interfax-Ural reports. ‘We were able to obtain data on some bank accounts and some real estate (a twenty-room mansion and a villa in Italy and some other buildings). However, the extradition of assets is more complicated than that of the accused,’ Head of the Investigative Department of the Internal Affairs Ministry Main Administration in Ural Federal District Andrei Taranenko reports. According to Taranenko, since

The business centers Suvorov and President in downtown Yekaterinburg will be commissioned this year, Yekaterinburg Council’s press service reports. This means the original launch date was put off by three years. The construction of Suvorov, located at 6/1 Radischev St, began as early as 2007 (the original name of the center was The Count Orloff). The center was supposed to have been launched as early as 2009, but all the jobs had to be halted a number of times, and the construction process stopped. As a result, The Count Orloff is only about to be launched now. President Business Center, a