Uralvagonzavod and the French company Sagem Defense Securite (a member of Safran Group) signed an agreement of intentions. The document was signed by Uralvagonzavod Director-General Oleg Sienko and Sagem Defense Securite PDG Philippe Petitcolin, Uralvagonzavod’s press service reports. The ceremony took place on the first day of the 2nd International Forum on Machine-Building Technologies 2012 (TVM 2012) that was held in Moscow Region-based Zhukovsky on the premises of Rossiya Exhibition Center in Ramenskoye Airfield. Safran Group has been cooperating with the Russian industry in the field of

Russian President Vladimir Putin signed a decree on handing some of the state-owned assets over to Uralvagonzavod, Lenta.ru refers to the Kremlin website as stating. The shares of some companies currently owned by the state will become part of Uralvagonzavod’s authorized capital ‘in order to improve the structure’ of the company and ‘to develop its scientific, technological, and production potential’. Among the assets the state is handing over to the plant are a 42.5% shareholding in Tver Carriage-Making Plant (TVZ), 100% minus one share of Tomsk Electro-technical Plant, a 21.82% shareholding

The new mill launched by Magnitogorsk Iron & Steel Works (MMK) will enhance the production efficiency of all the Russian car manufacturers, MMK Director for Business Development and Efficiency Management Evgeny Redin announced at the 10th International Metallurgical Summit in Moscow. According to MMK’s top executive, the Russian car market is now winning the leading positions in Europe and has good development potential. One has to take into account the changes in the metal consumption patterns in this industry and the increase in the share of zinc-coated metals and highly durable brands

A claim against OOO Formica was placed with Sverdlovsk Region Arbitration Court by Polygon Print Advertising Group. The plaintiff wants to be paid 546,450 RUR; the company’s Director-General Inna Batalova chose to offer no comment on the reasons for placing the claim. The preliminary court hearing has been set for August 3, 2012. This is, in fact, not the first time Formica is clashing in court with some Yekaterinburg-based businesses. For one, the Governor of Sverdlovsk Region Programs Fund took part in the organization of the exhibition Innoprom 2010. It was this fund that allotted Formica

Adidas is setting up a new format store in Yekaterinburg. The new store will be offering a wide range of brands under one roof: from Adidas Performance (including Adidas by Stella McCartney) to Originals (Including Adidas Originals by Jeremy Scott) to Adidas Style (Porsche Design and NEO). Molly.Ru reports. Each variety will be displayed in a specially designated area. Adidas intends to use this format in large cities where the incomes are high, and only wants the best locations. The new store, whose area comes to over 780 sq m, will be housed in Raduga Park Shopping Center. The preliminary

The shareholders of Polevskoy Cryolite Plant decided to pass the dividend for 2011 because of the net loss incurred last year. The decision was made in the course of the annual general meeting, Interfax-Ural refers to the plant as reporting. The plant’s net loss (calculated in accordance with the Russian Accounting Standards) came to 406.762m RUR in 2011. In fact, the plant paid no share dividend in 2010 as well – also due to losses. The stockholders approved of the annual report, elected the Board of Directors and the check-up committee and appointed Capital Audit Group as the company’s

The shareholder meeting of Pipe Metallurgical Company (TMK) was held in Moscow. The shareholders approved of the company’s annual report and the annual accounting report, including the P & L statement for the financial year 2011; they also elected the company’s Board of Directors and the check-up committee and approved of the desirable transactions. Ernst & Young was chosen as TMK’s auditor. What is more, the shareholders voted for paying a 2.7 RUR dividend per one ordinary share with face value of 10 RUR for the year 2011. The dividend payments will thus total to 2.53bn RUR. TMK

The stockholders of Ural Instrument-Making Plant decided in the course of the annual shareholding meeting on June 22 that the dividend for the year 2011 wouldn’t be distributed, the company’s official announcement states. The net profit obtained by the end of last year will be directed to compensation of previous years’ losses, Interfax-Ural reports.

OOO ComsoMall Management Company is now involved in the case Megalomania Advertising Agency vs. Sverdlovsk Region division of Russia’s Federal Antimonopoly Service on a third party basis. Sverdlovsk Region Arbitration Court’s preliminary hearing has been set for July 17, 2012. The FAS’s Sverdlovsk Region division found Megalomania guilty of an administrative offense. On March 11, 2012, the division declared that ComsoMall Shopping Center’s ad that read, ‘Siniye Kamni has people living there, too’ and ‘ZhBI is no ghetto’ was improper. The ad was distributed by Megalomania via billboards around

Sverdlovsk Region Government approved of the declaration of intent regarding the construction of a new generating unit in Beloyarskaya nuclear power plant. First Vice Premier Vladimir Vlasov pointed out this decision was expected to make a crucial contribution to the region’s stable socioeconomic development, the spokesperson for the Governor reports. The region’s acting Energy & Communal Housing Services Minister Nikolai Smirnov said the construction of a new power unit would also secure Russia’s technological leadership in the field of closed nuclear fuel cycle development. ‘The

UTair Airlines ATR 42 had to stop the take-off due to technical problems at Roschino Airport, Interfax-Ural reports. Ural Investigative Department for Transportation of Russia’s Investigative Committee’s press service reported on Tuesday that the incident occurred at 6:25 AM (local time) the day before. The plane did not fly to Nizhnevartovsk because of an engine failure. ‘According to the preliminary data available, the reason for the incident was that the left engine did not switch into the takeoff mode,’ the message states.

The International Airport Association (MAA) has been set up in Yekaterinburg. An agreement to this effect was signed during the aviation forum Routes CIS 2012 that was held in the Urals’ capital. The association was founded by the representatives of Yekaterinburg-based Koltsovo Airport, Moscow-based Vnukovo Airport, and Novosibirsk-based Tolmachevo Airport, Kommersant reports. The documentation needed to set up the association took about two years to prepare. The association founders announced that the association would later be converted into a self-regulatory organization. This means some

Rusal made its aluminum price forecast for 2012 more moderate: the figure dropped from $2,200 to 2,400 per ton to $2,100 to 2,200, says the company’s First Deputy Director-General Vladislav Solovyev. ‘The market situation is quite complicated at the moment; not only the aluminum but all commodities, in fact, including oil, are enjoying less demand. Things are unstable in Europe, and investors are backing out of risk-prone assets. We feel it is time to prepare for a prolonged recession,’ Kommersant quotes Solovyev as saying. A ton of aluminum cost $1,800 at LME yesterday; the average price

The government of Khanty-Mansiysky Autonomous Region Yugra decided in the course of a recent meeting chaired by Governor Natalya Komarova that the shares of Khanty-Mansiysky Bank which currently belong to the region must be privatized through a sale. The region currently holds a 44.2% stake in the bank’s authorized capital. Yugra’s shares are estimated at 12.77bn RUR. This will be the opening bid at the auction; every next bid must exceed the previous one by 638.75m RUR. The auction has been scheduled for September 28, 2012.

The claims made by Bank Yekaterinburg and the tax authorities are now accounted for in the list of Cardinal-Technoplus’s creditors on the third-priority basis. The decision was made by Sverdlovsk Region Arbitration Court. The claims come to 11.16m RUR and 88.22 RUR, respectively. The insolvency application for Cardinal-Technoplus was placed with the court by the company’s liquidator E. Tsyganova. The reason given was the fact that the amount of creditors’ claims that the debtor had agreed with exceeded the worth of the debtor’s assets. The decision to liquidate the business was made on

The Ural International Innovations Exhibition/Forum Innoprom that will be held in the Mid-Urals for the third time this year will be given the federal industrial fair status. Governor Evgeny Kuivashev’s initiative was supported by the participants of the exhibition’s federal coordination committee that was held in the Russian Federation Government House and chaired by Deputy Head of Russian Government Arkady Dvorkovitch. Innoprom’s federal coordination committee is expected to be headed by Russia’s Industry & Trade Minister Denis Manturov. The meeting resulted in the decision to support

Deputy Head of Russian Government Arkady Dvorkovitch agreed to chair the EXPO 2020 federal coordination committee. EXPO Supervisory Board, comprising Governor Evgeny Kuivashev, Head of Sverdlovsk Region Government Denis Pasler, and a number of heads of Russia’s major industrial enterprises, will be headed by member of Russia’s Soviet of the Federation Arkady Chernetsky.

Ural Airlines took part in the opening of the international forum on air travel network development Routes 2012; the event took place in Yekaterinburg on Sunday, June 24. On the first day of the forum, a plenary discussion was held on entering the CIS markets and the barriers and obstacles on the way, the airline’s press service reports. Ural Airlines was invited to join the discussion as one of the leaders on the CIS market with a large destinations network and many years’ experience in the field. Head of the International Flights Sales Department Marianna Galagura pointed out that the

Sverdlovsk Region Arbitration Court’s hearing on Yekaterinburg Micro Eye Surgery Center’s eviction case will take place in July 2012. Russia’s Healthcare & Social Development Ministry insists on the center moving out of a number of buildings: A (13,401.6 sq m), B (347.4 sq m), and D (322.5 sq m) at 4a Bardin St in Yekaterinburg and on handing these buildings over to the ministry’s S.N. Fedorov Micro Eye Surgery Scientific Technical Center.

Itera O & G Company keeps negotiating with Viktor Vekselberg’s IES Holding regarding the acquisition of some natural gas-distributing assets in Sverdlovsk Region, Kommersant refers to Itera Chairman Vladimir Makeyev as saying. When asked about the progress of the negotiations at Saint Petersburg International Economic Forum, Makeyev said that ‘nothing has been paid yet’. He pointed out that eight natural gas-distributing organizations were operating in Sverdlovsk Region at the moment and said that both the authorities and the branch players were of the same opinion on the issue and that