HLB Vneshaudit produced a report on the results of Uralkhimmash’s audit procedure. The news was carried by Oblastnaya Gazeta. We have not received sufficient proof and therefore cannot present a certain opinion as far as the following indicators are concerned: firstly, the additional capital within the statement of assets and liabilities as of December 31, 2010. The reason is that numerous instances of incongruence were found among the data provided, namely: the indices of the wear and tear recalculation are different from the indices applied to the recalculation of the main assets’ balance

Sverdlovsk Region Government suggested that A.V. Kushnarev, acting on behalf of Nizhniy Tagil Iron & Steel Works, and O. V. Sienko, acting on behalf of Uralvagonzavod Scientific Production Corporation, make sure their respective companies comply with the maximum permissible discharge limits set for the atmospheric pollutants. Such was the message of the government’s provision on the effectiveness of measures taken to reduce the negative impact the enterprises of Nizhniy Tagil and Kirovgrad have been making on the environment. It was recommended that the enterprises should comply with the

The net debt of Intera Group (a company that specializes in full-range O & G maintenance services) rose from $111.7m up to $143.6m in three months of the year 2011, the company’s quarterly report says. Integra’s revenues went up by 19.6% over the same time period and came to $223m. The capital expenses, which amounted to $19.7m by the end of March, increased as well, as the figure for January-March 2010 was only $13.9m.

Alfa-Bank recently completed the financial recovery of Bank Severnaya Kazna; the last stage of the recovery process consisted in merging Bank Severnaya Kazna with Alfa-Bank, Alfa-Bank’s press service reports. Data as to Bank Severnaya Kazna going into liquidation through a merger with Alfa-Bank have already been added to the Unified State Register of Legal Entities.

Promsvyazbank decided not to declare any share dividends for the year 2010; the decision to this extent was taken at the stockholders’ recent meeting in Moscow. It was also decided that some of the earlier years’ undistributed profits should be directed to covering up for the 378.15m RUR worth of losses the bank incurred in the financial year 2010.

Magnitogorsk Iron & Steel Works (MMK) was declared to have won the auction where the highest bidder was granted the right to use the subsoil resources of Kulmyakovsky iron ore deposit in Chelyabinsk Region for geological survey, exploration, and iron ore production, MMK reports. The deposit is located within forty km to the north of Techenskoye deposit. The ores contained in the deposit are scarnified-magnetitic ones varying from poor (26%) to rich (64%) kinds, available from the surface down to 450 m below the ground and identical in type to the ore of Sosnovsky deposit located in the

Magnitogorsk Iron & Steel Works (MMK) is trying to improve the quality of tin plate it produces; this was the main issue at the recent conference of processing companies in Magnitogorsk. Such meetings where the managers and experts from the company’s technical and sales divisios can meet the tin plate consumers have already developed into a tradition. About 35 participants from various parts of Russia and Byelorussia who represented some major companies that make packaging for the food industry and the paintwork materials attended the recent conference,’ MMK PR Department reports. The

Ural Airlines launched its new Yekaterinburg-Samarkand-Yekaterinburg flight today. Samarkand is one of the world’s most ancient cities, founded approximately in the middle of the first millennium BC. In 2011, UNESCO placed Samarkand on its World Heritage List as a Cultures Crossroads City. This is the home of the most remarkable masterpieces of the oriental architecture such as the Till-Kari Madrassah, the Ulug Bek Madrassah, and the Sher Dor Madrassah in Registan Square as well as the Gur Emir Masoleum, the Hodja Donier (Prophet Daniel) Masoleum, and other landmarks. The air carrier’s first

The Russian Government is planning to keep up with the prohibitive gasoline export duties in July, Energy Minister Sergey Shmatko told the journalists during the International Economic Forum in Saint Petersburg, ITAR-TASS reports. The available project of the provision means that a 90% export duty on gasoline will be retained,’ the Minister said, adding that the paper is still being considered by the government officials. Shmatko also explained that the Energy Ministry feels it’s best gradually – within two or three months’ time – to decrease the duties. A 90% customs duty is a temporary

The public prosecutor of Talitsa, Sverdlovsk Region, took personal control over the criminal suit that followed a fire in the local forestry; the incident did over 600,000 RUR worth of damage, the public prosecution authorities of Sverdlovsk Region report. It was detected that on May 19, 2011 a fire broke out at Sections 117-120 of Vnov-Yurmytskoye division of Talitsa Forestry due to some unsafe practices by an unidentified person. The fire covered the area of 49 hectares and damaged a number of pine trees within the area of 3 hectares. The damage was estimated at 609,600 RUR. The

Following an inspection aimed at checking the company’s compliance with the existing labor law and industrial safety regulations during the underground development of mineral resources deposits, Sevuralboksitruda (SUBR) had to face administrative liability, namely, pay a 200,000-ruble fine. The inspection was carried out by the experts of Rostechnadzor (the state industrial and technological safety watchdog) and the State Labor Inspectorate. It was revealed in the course of the inspection that the enterprise committed numerous violations of the existing labor protection laws as regards

Ural State University of Economics was unable to explain the fact that the college funds were used to buy an expensive Lexus car. According to the website dedicated to state purchases, the university recently completed a purchasing transaction involving a Japanese car that cost 3.75m RUR. It has been reported off the record that the automobile in question happens to be the Lexus that the university Rector Mikhail Fedorov uses. No comments,’ USUE press officer Olga Kulakova told UrBC. Meanwhile, Yekaterinburg dwellers were informed a little while earlier that the university violated the fire

Pipe Metallurgical Company (TMK), one of the world’s leading manufacturers of tubing products for the oil and gas industry, reports its premium thread connections TMK PF have been successfully certified for compliance with the ISO 13679 CAL IV requirements. The certification audit was carried out at Oil States Industries in Aberdeen, Great Britain, where the world’s largest O & G companies’ produce get certified, TMK press service reports. The testing was performed by TMK-Premium Service that has actually tested TMK’s produce for compliance with the ISO 13679 CAL IV standard for the first

1.79m passengers used the services of Ural Airlines in the year 2010, with the company’s aircraft performing a total of 16,650 flights, the airline’s press service reports. Ural Airlines is now one of Russia’s Top10 air carriers in terms of passenger turnover. The company’s fleet of vessels is mainly comprised of the modern and comfortable Airbus planes: the carrier currently uses seventeen such planes (twelve A320 ones and five A321 ones).

Russia’s Federal Financial Markets Service’s Ural Federal District division ruled on June 14, 2011 (Order 62-11-681/pz-i) that the emission of Sverdlovsk Region-based Euroleasing’s ordinary registered uncertificated shares should be halted.

Standard & Poor’s affirmed the ratings of Russia’s major producer of dairy foods and fruit juices Wimm-Bill-Dann Foods (WBD) at BB+ (the long-term credit rating) and ruAA+ (the national scale rating) as well as the rating for the company’s bonds. We are now calling the ratings off at WBD’s request. At the time of the calling-off, the rating outlook stood at Positive, which means the rating could actually be promoted due the synergizing operational effect and the positive trends in the company’s financing after it has been transferred 100% to PepsiCo Inc (A/Stable/A-1),’ the rating agency

It has recently been detected that General Motors Daewoo Auto Technology CIS uses the Olympics logos on its Chevrolet cars illegitimately. Russia’s Federal Antimonopoly Service Committee and Sochi 2014 coordination committee found out that the said company engaged in unfair competition practices by using the Olympics logos illegally on its Chevrolet automobiles. The FAS committee ordered General Motors Daewoo Auto Technology CIS to stop violating the existing regulations. The word Olympic is actually a legally protected verbal element of the registered trademark belonging to the International

The telecommunications provider MegaFon and Nokia announced they are about to launch a joint special offer. Any customers who buys a Nokia phone in one MegaFon’s retail outlets or online store before July 24, 2011, will be offered a month’s worth of prepaid unlimited Internet use as a bonus, MegaFon’s press service reports. The offer applies to Nokia smartphones (Series 5228, 5230, 5250, С3-01, С5-03, С6-01, С7, N8, E7, and X3-02).

Linde Aktiengesellschaft has recently been fined for an administrative offense committed in the field of securities market regulations in Ural Federal District; the fine amounted to 50,000 RUR. The decision was made by Ural Federal District’s division of Russia’s Federal Financial Markets Service.

Ural Morgan Carbon reports its net profit has plummeted dramatically, that is, by 1,186.3%. The company says the reason for the slump was a decrease in revenues and an increase in the prime cost because of the raw materials and the power resources growing more expensive.