The Federal Antimonopoly Service (FAS) approved of Ingosstrakh’s petition to buy a 100% shareholding in Yugoria Insurance Company that has to go private in August, FAS Deputy Head of Financial Markets Control Department Irina Smirnova told Prime. ‘A petition placed by Ingosstrakh’s daughter company InVest-Polis will be approved in four days, too. Both companies are members of one group and face the same risks,’ she added. Smirnova also noted no other applications for the purchase of Yugoria’s shares had been submitted to the FAS. Under the Government of Khanty-Mansiysky Autonomous Region

9,173 people came to Yekaterinburg Employment Center between December 28, 2012 and May 31, 2012, Sverdlovsk Region Labor & Employment Department reports. The registered unemployment level came to 0.64% on June 1, 2012 compared with 1.01% on May 1, 2011. The labor market tension coefficient (the number of the unemployed per vacancy) came to 0.35 people.

The proprietors of Rezhnickel and Ufaleynickel are planning to convert their companies into state-run enterprises so as to avoid production stoppage and insolvency. Both plants are now struggling with financial troubles due to dropping global nickel prices. A meeting was held in the Representation of Russian Federation President in Ural Federal District yesterday where the owners Alexei Timofeyev and Artem Timofeyev asked for support. A discussion was held on whether the enterprises could be handed over to the government authorities ‘not for the money but in order to save the enterprises’.

Ural Airlines is launching new scheduled flights from Moscow to the coast of the Adriatic, the air carrier’s press officer reports. Starting July 14, a flight from Moscow to Rimini will be operated every Saturday, and starting July 27, the weekly Saturday flight from Moscow to Tivat will be complemented by another weekly flight on Wednesdays. Tickets are available via the air carrier’s official website www.uralairlines.com and in the booking offices. All of Ural Airlines’ flights are operated using the modern and comfortable Airbus aircraft that are all fitted with a full-scale business class

The industrial production index (IPI) rose by 7.7% in January-May 2012 compared with January-may 2011 for all organizations. This included a 3% drop in the mineral resource development, a 10.3% increase in the processing industry, and a 1.8% increase in the electricity production and distribution sector, Sverdlovsk Region Ministry for Economics & Development reports. The greatest increase on the previous year in terms of physical volume can be observed in the chemical industry: figures went up by 48.6% in January-May 2012 against January-May 2011. The figures for the car and machinery

Mayor of Yekaterinburg Alexander Yakob and representatives of the City Council PR Committee met with the delegates from the Republic of Austria, the spokesperson for Yekaterinburg Council reports. Among the foreign officials were the Manager CIS of Federal House of Austrian Economy Heinz Walter and Dietmar Fellner, Commercial Counsellor at the Austrian Embassy. The parties greeted one another, after which Alexander Yakob made a presentation on Yekaterinburg’s socioeconomic development to the Austrian delegates. The foreign partners arrived in the Urals’ capital with a great economic mission

Preparations for the Football National League Season 2012/2013 are nearly complete at Yekaterinburg Central Stadium. The main challenge was improving on the quality of the football pitch. ‘Throughout the entire month, our experts kept working on the lawn, added some mineral fertilizers, sawed new seeds, and watered and mowed the grass regularly,’ says the stadium’s Director-General Vadim Vorobyev. ‘What is more, new turf was laid onto some parts of the pitch, with problem spots replaced with new sections. Thanks to all these jobs, our lawn is now in the pink of condition and is fully prepared

Surgut public prosecution authorities for transportation started looking into an incident involving UTair Aviation Company’s Boeing 737 that had to stop the takeoff due to faulty equipment, Interfax-Ural refers to the prosecution authorities as announcing. The incident occurred late at night the other day. The aircraft had no time for takeoff: the decision to stop the flight was taken by the crew during the acceleration. The authorities pointed out that Tyumen Interregional Aviation Transport Administration was investigating the case as well. After the administration comes up with its report,

Titanium Valley Management Company has been taken off the list of the Mid-Urals Development Corporation’s affiliated companies. These data are available from the list of the corporation’s affiliated companies for the second quarter of 2012. However, Titanium Valley Special Economic Zone is still among the corporation’s affiliated companies. This special economic zone is the Mid-Urals Development Corporation’s project. According to the latest updates, the project will be financed from the budget without the corporation acting as the intermediary.

The attendees of Bank Uralsib annual general meeting decided not to pay any share dividend for 2011, the bank’s report states. It was decided that last year’s net profit (428.928m RUR) would be kept within the bank and reported as retained earnings.

ZAO Koltsovo Filling Station (a member of TNK-BP) decreased its jet fuel prices down to 30,520 RUR per ton, the station reports. Starting April 23, the station’s jet fuel was available fro 30,820 RUR per ton. This means the price of jet fuel went down by 1%. This is actually the second time the price has declined a little this year. Still, the cost of jet fuel rose five times at Koltsovo Airport last year. Prices were adjusted in May, August, September, October, and November 2011. In the end, the price of jet fuel increased by over 25%.

Sverdlovsk Region division of Rospotrebnadzor inspected 19,700 cans of dairy foods and declared 1,800 cans (9%) were of poor quality last year. In 2010, 14,900 cans were inspected and 1,700 (11.3%) were found to be of poor quality, the agency reports. In the first quarter of 2012, 1,700 cans were inspected and 500 cans (27%) were found to be of poor quality. 36 samples of canned dairy foods have been examined for adulteration since January 1, 2012, and 21 samples (58.3%) did not meet the existing requirements as the dairy fat was replaced with non-dairy kinds of fat. These are the sellers of

The Mid-Urals Development Corporation published its balance sheet and the profit and loss statement for 2011. These data became available from Oblastnaya Gazeta today. According to these data, the company’s accounts receivable rose by nearly eight times over one year and came to 81.95m RUR, while its accounts payable dropped down to 1.75bn RUR. The immediately available funds and cash equivalents decreased to 687.99m RUR. Capital Auditing Company reports that over 50% of revenues the Mid-Urals Development Corporation obtained last year came from an agent’s fee paid for the agency contract

Starting October 2, a direct flight to the Czech Republic will be available in Tyumen. Ural Airlines is launching a new Tyumen-Karlsbad-Tyumen flight, the airline’s press service reports. Flights will be operated on Tuesdays using the European concert Airbus’s A320 aircraft that has both a business and an economy class section. Tickets for the flight are already available for booking; the cheapest rates come to ?489 for a round trip ticket. As a matter of fact, the company is already operating flights to the Czech Republic, namely, to Prague (from Yekaterinburg and Nizhniy Novgorod) and to

Ural Airlines is launching a new flight from Yekaterinburg to Lenkoran. Starting July 3, the flight will be operated every Tuesday using the comfortable Airbus aircraft, the company’s press officer reports. In fact, Ural Airlines keeps expanding its destination network around the CIS. For one, the air carrier operates scheduled flights to three cities in Azerbaijan: to Baku from Moscow and Yekaterinburg, to Gyandzha from Moscow and Saint Petersburg, and to Lenkoran from Moscow, Saint Petersburg, and Yekaterinburg.

EVRAZ Kachkanar Ore Mining & Processing Plant and EVRAZ Vysokogorsky Ore Mining & Processing Plant decided not to pay any share dividend for 2011. This decision was taken at the annual general meetings. The following people were elected onto EVRAZ Kachkanar Ore Mining & Processing Plant’s Board of Directors: Giacomo Carlo Baizini, Konstantin Lagutin, Sergey Napolskikh, Oleg Ponomarev, and Yelena Zhavoronkova. The following people were elected onto EVRAZ Vysokogorsky Ore Mining & Processing Plant’s BOD: Giacomo Carlo Baizini, Igor Korotayev, Konstantin Lagutin, Oleg Ponomarev,

Magnitogorsk Iron & Steel Works (MMK) signed a long-term agreement for natural gas supply with Novatech Chelyabinsk (a 100% daughter enterprise of Novatech) in order to ensure the current activities and further development of MMK Group. The contract is valid for 10.5 years, through December 31, 2022. Over this decade, the total amount of natural gas shipments is expected to exceed 50bn cubic meters. Under this contract, Novatech Chelyabinsk will supply MMK with 2.3bn cubic meters of natural gas in the second half of 2012 and 4.5bn cubic meters of gas in 2013. ‘MMK started relying on

Yekaterinburg Electrical Network Company is going to present its new intellectual Smart Grid system at Innoprom 2012 exhibition on July 11-15, 2012, the company’s press service reports. The company’s stand will mainly be dedicated to presenting the potential and the stages of launching Smart Grid, a technology for building the smart distribution networks of the future, in Yekaterinburg electric mains system. The stand will provide information on the basics of building and operating Smart Grid, on the changing role of the consumer once the system has been launched, on the benefits the new

A Yekaterinburg dweller appealed to Sverdlovsk Region Center for Hygiene and Epidemiology, asking for legal advice on a clash she had with Rusfinance Bank, Sverdlovsk Region division of Rospotrebnadzor reports. Her loan agreement provided for a monthly fee for the servicing of the loan account (1.7% of the total sum, or 15,000 RUR, or 2,550 RUR a month). Given that the loan period came to 36 months, the fees would total to 91,800 RUR altogether. Experts from the center helped the woman prepare a complaint to the bank that demanded that terms infringing on the consumer’s rights be eliminated

It has been detected that Perm Airlines violated aviation safety regulations, the spokesperson for Ural Public Prosecution Authorities for Transportation reports. The inspection by Perm Public Prosecutor for Transportation of how well the company complied with the aviation safety requirements revealed that the company violated them in some instances. For one, sometimes people accompanying passengers were allowed into the limited access zone during the preflight inspection, even though only passengers with tickets can be present there. The inspection also revealed that the premises used for