26 October 201110:22

Lufthansa Plane Performs Emergency Landing in Perm due to Kitchen Fire

The details of an emergency landing performed by Lufthansa plane flying from Yekaterinburg to Frankfurt have recently been announced. According to Senior Assistant to Head of Ural Investigative Administration for Transportation’s PR Division Irina Sarkisyan, the emergency landing of Lufthansa aircraft had to be performed because of a fire in the kitchen. The flight attendants noticed the smoke and told the pilots about it, so the captain decided to land in Perm Airport. The investigative committee did not confirm the rumor that two people on board had carbon monoxide poisoning.
26 October 201110:22

Ural Airlines Launches Flight to Dubai

Ural Airlines will launch its first scheduled international flight from Mineralnye Vody to Dubai on October 25, 2011. Now the people living in the Northern Caucasus can get to the East’s most luxurious city directly from their home towns, the company’s press officer reports. The flight will be operated every Tuesday. The cheapest round trip tickets are available for ?399 (plus the airport charge). Tickets can be booked via the airline’s website www.uralairlines.com or УральскиеАвиалинии.рф as well as in the company’s booking offices.
25 October 201111:28

Moody's Feels Negative about Russia’s Banking System

The international rating agency Moody’s demoted its forecast for the Russian banking system’s development from Stable to Negative, the agency reports. ‘Downgrading our forecast to Negative reflects our concerns that the global economic conditions and the financial markets’ volatility might weaken Russia’s operating environment and affect the banks through a general drop in liquidity, a slowdown in the lending activity, and a pressure on the assets quality,’ Moody’s says. The Negative forecast means the agency expects these changes to occur over the next twelve to eighteen months.
25 October 201111:28

Sverdlovsk Region Government Questions UralTransMash’s Taxes

The recent meeting of Sverdlovsk Region Enterprises Support Committee was dedicated to the local defense enterprises Ural Mechano-Electrical Plant, Ural Transport Machine-Building Plant (UralTransMash), and Ural Civil Aviation Plant. Deputy Head of Sverdlovsk Region Government Alexander Petrov explained that all those enterprises depended on state orders and on the terms of payment for the produce. Still, the committee was interested in the companies making all the necessary payments to the treasury, especially corporate income tax. It turns out most plants have an opportunity to make more
25 October 201111:28

UTair’s Emergency Landing Investigated

Another recent emergency landing performed by UTair Airlines plane in Tyumen is now being investigated. The incident occurred at 6:30 AM local time (4:30 AM Moscow time) on October 22, 2011. The captain of ATR 75 flying from Tyumen to Nizhnevartovsk asked for an emergency landing due to generator failure. There were thirty-six passengers and four crew members on board, Ural Investigative Administration for Transportation reports to Russia’s Investigative Committee. The landing was performed successfully, and no one was hurt. According to the investigative committee chairman, the emergency
25 October 201111:27

Concern Kalina’s Stockholders to Consider BOD’s Early Leave

The stockholders of Concern Kalina are going to consider the early termination of BOD members’ powers in the course of an extraordinary general meeting. In addition, they plan to elect the new BOD members and approve of the company’s newly edited charter. The EGM has been scheduled for January 16, 2011. Now it was announced on October 14, 2011 that Unilever and Kalina signed an agreement; the former is to buy 82% of the Yekaterinburg-based cosmetics manufacturer’s shares for approximately 16.7bn RUR (?390m).
25 October 201111:27

Avto Land’s Auction Falls Through

Avto Land’s trustee in bankruptcy V.G. Sivoplyasov announced that the auction aimed at selling the company’s assets (tires, automobile spare parts, tools, repair machinery and materials) did not go through as there were no bidders for the auction. Among the assets put up to auction were tires, spare parts for Jaguar, Ford, Mazda, and Volvo automobiles, tools, and repair machinery and materials, all in accordance with the list. The assets were offered in a single lot, the opening bid was set at 8.82m RUR.
25 October 201109:22

UFS Investment Company: We feel positive about MMK Group

‘We feel quite positive about MMK Group’s production performance,’ UFS Investment Company reports. ‘The fact that the group’s Turkey-based enterprise is about to reach its projected capacity means the year’s output will increase considerably. In the meantime, the main production site shows some signs of recovery after a not so successful first half of the year. We expect the company to reach its target sales figures and its financial results to be comparable with the forecasts due to growing produce prices,’ the experts say. MMK Group came up with its operational results for the third quarter
24 October 201109:25

Yekaterinburg Non-Ferrous Metals Processing Plant Relocates to Verkhnyaya Pyshma

Relocating from the center of Yekaterinburg to the premises of Ural Chemical Reagents Plant based in Verkhnyaya Pyshma, Sverdlovsk Region in 2007 affected the non-ferrous metals processing plant’s performance: the company is no longer the leader on a number of markets, and its staff was reduced by 10% as well, the plant’s Director-General Denis Borovkov told reporters recently. The plant is to celebrate its 95th anniversary this year. The company has now gone back to its full pre-relocation capacity, which took us three years, and the enterprise is now prepared to become the branch leader
24 October 201109:25

UTair Plane’s Chassis Damaged in Tyumen

The chassis of UTair’s ATR42 airplane were damaged duringlanding in Tyumen Airport. According to the captain, some vibration started after the plane hit the ground and was gradually slowing down on the landing strip. After the plane completed the stop, it was taken to the parking lot and examined, and it was discovered that there were ruptures in both pneumatic supports at the front of the chassis,’ Assistant to Tyumen’s Public Prosecutor for Transportation Anatoly Orlov told Interfax-Ural. No harm was done either to the twenty-three passengers or to the three crew members on board.
21 October 201109:38

Russian Railways to Get SinaraHybrid

Senior Vice President of Russian Railways Valentin Gapanovitch had the technical specifications for the new SinaraHybrid coordinated. The new shunting locomotive with TEM9H hybrid power equipment will be developed by the engineering company STM Innovational Development Center (part of Sinara Transport Machines). This is going to be an eight-wheel locomotive with electric alternating current transition and a direct wheel drive with the total capacity of 1,200 hp. The locomotive will be fitted with lithium-ion energy storage units and ultracondensers. The hybrid loco will also be more
21 October 201109:35

Sun Fruit Wants Tonus Plant Bankrupt

OOO Sun Fruit applied to Sverdlovsk Region Arbitration Court, asking to declare Tonus soft drinks plant bankrupt, the court’s press officer reports. The plaintiff says the defendant owes the company 1.46m RUR, $14,680, and ?18,640 and insists that the debtor, Tonus soft drinks plant (tax payer number 6662001230) be declared insolvent. As the plaintiff failed to provide the court with all the documents needed to take legal action, the case is for now left to rest.
21 October 201109:34

BNP Paribas Vostok Sells Lending Portfolio

The retail lending portfolio of BNP Paribas Vostok that is closing down its classic retail services in Russia was sold to Bank Uralsib. The company made the best bid in the course of the tender. Paying a bit more for the asset made certain sense: Uralsib is currently falling behind its competitors in terms of retail segment growth, so now it will be able to both build up on its lending portfolio and improve its deposit base thanks to the French banks’ customers,’ Kommersant reports. According to a report produced by BNP Paribas Vostok, the company’s lending portfolio amounted to 1.3bn RUR on
21 October 201109:34

UniСredit Bank’s Assets Arrested in Italy

The court of Milan had the assets of Italy’s leading bank UniCredit worth ?245m arrested; this was done within the framework of an investigation that aims to see if the bank avoided paying taxes in 2007-2008. The Italian police suspect that the fraudulent scheme was suggested to UniCredit by the British Barclays, RBC daily reports. Judge Luigi Varanelli told The Wall Street Journal that the assets arrested equal to the profits made by the bank in 2007-2008 and not paid to the state budget. The police believe that UniCredit had its tax declarations deliberately altered for the purposes of tax
21 October 201109:34

IKEA Ad Declared Violence-Promoting

Russia’s Federal Antimonopoly Service declared the advertisement run by IKEA via Domashniy, Rossiya, Pyatyi TV channels in Moscow, Saint Petersburg, Kasan, Nizhniy Novgorod, Novosibirsk, Yekaterinburg, Rostov-on-Don, Krasnodar, Omsk, and Kemerovo in January 2011 to be in contradiction with Article 5 (part 4, paragraph 1) of the Federal Advertising Act. The advertiser IKEA DOM was ordered to stop the offense. All the files relating to the case were placed with the Service’s executive so that an administrative suit could be instituted and a fine imposed on the offender.
20 October 201109:06

Sky Express Stops Operating Moscow-Bound Flights

Sky Express is not going to operate any flights from Yekaterinburg to Moscow and back on October 18-22, 2011; the airline is already giving the money back to customers. The air carrier’s Yekaterinburg representation was unable to provide UrBC with any comments as to the reasons for the decision taken by the company. The airline’s Moscow office explained that the flights would most likely not be operated until November 29, 2011; they would be resumed in the future, but fewer flights would be offered than before.