South Ural Nickel Plant’s Board of Directors suggested that the shareholders vote for not declaring any dividend for 2010 on ordinary registered paperless shares. The decision was taken on April 5, 2011.

Russia’s Federal Antimonopoly Service looked into the application of one of Russia’s major dairy foods producer regarding the acquisition of a 98.31% shareholding in Kungursky dairy plant and allowed the purchase to take place.

Yekaterinburg City Planning Board reports the design of Radisson SAS hotel has been modified recently, Uralsky Rabochy says. For one, the shopping area has been reduced down to 3,000 sq m. The idea behind the reduction was to make sure customers don’t come there en masse, causing parking problems. It was also decided to build a separate entrance to the office section in Krasnoarmeyskaya St. The new skyscraper hotel is to appear at the intersection of Malyshev St and Krasoarmeyskaya St. The developer, Atomstroycomplex, has already announced that the construction should be complete by the end

Governor of Sverdlovsk Region Alexander Misharin arrived in Hanoi upon the invitation of Vietnam’s government. The representatives of Sverdlovsk Region-based industrial, building, and power enterprises as well as bank executives and educators have been working in the city for several days now. The Governor is planning to attend a few meetings in Vietnam, the spokesperson for the governor reports. Alexander Misharin was greeted at the airport by the Ambassador of Russia to Vietnam Andrei Kovtun, Russia’s trade representative Sergey Briginevitch, and some Vietnamese government representatives.

The demand for trips to Egypt has exceeded the tour operators’ boldest hopes. According to the Russian Tour Operators Association, the first chartered flights from Moscow left the capital nearly fully loaded. ‘The demand for flights within the Russian regions where the flights will be resumed after April 10, 2011, is also expected to be quite high,’ the association reports. ‘We expect to start operating flights to Egypt from the Russian regions starting April 10, 2011,’ website ATOP quotes the General Director of Pegas Touristic Anna Podgornaya as saying. Ms Podgornaya explains the regions

OAO Vladivostok Avia’s losses increased by 466.962m RUR, or 95.2%, from 490.25m RUR up to 957.22m RUR, although it is not quite clear from the company’s report whether the increase occurred over the last quarter of 2010 or the year 2010 on the whole. The airline explains that the loss was brought about by the low season demand, which resulted in fewer flights being booked; what is more, the jet fuel price rose by 20% on average in December 2010.

Sverdlovsk Region Arbitration Court put off the hearing of Tyumenenergobank vs. Ural Instrument-Making Plant until April 28, 2011. The bank requires that the defendant be declared bankrupt. The request to postpone the hearing was placed with the court by Russia’s Industry & Trade Ministry, the court’s website reports. The bank took legal action on January 31, 2011.

The Federal Air Transport Agency (Rosaviation) allowed Russian airlines to resume operating flights to Egypt. Russia’s Deputy Transport Minister Valery Okulov and head of Rosaviation Alexander Neradko received the documents stating the news from the Foreign Affairs Ministry, Prime TASS reports. The agency officially lifted bans on selling trips to Hurghada and Sharm El Sheikh earlier because the situation at the tourist resorts grew stable. At the end of January 2011, Russia’s Ministry of Foreign Affairs had to forbid flying tourists to Egypt and to ask the Russian citizens already in the

Fitch Ratings confirmed and called off at the same time the ratings of six Russian old-standing landline phone operators – CenterTelecom, North-Western Telecom, Uralsvyazinform, VolgaTelecom, SiberiaTelecom, and Far Eastern Telecommunications Company – including their long-term Issuer Default Ratings (currently at BB, with Positive rating outlook). Fitch no longer rates these companies or analyses them. The ratings call-off has been brought about by the completion of the operators’ merger with Rostelecom – Russia’s national old-standing telecommunications provider. ‘The companies are not

OAO Iset-Fund will have to pay a 30,000-ruble fine for an administrative offense on the stock market. The decision to impose a fine on the company was made by Ural Federal District’s division of Russia’s Federal Financial Markets Service.

An accident occurred at Kremny plant in Shelekhov, Sverdlovsk Region, leaving one man killed and two people badly burned and in hospital, ITAR TASS reports. The Ministry of Emergencies and Rostechnadzor’s experts are now examining the scene of the accident. ‘The investigative team is now looking into the circumstances of the tragedy,’ says the head of the regional investigative committee’s chief aide Vladimir Salovarov. ZAO Kremny actually belongs to United Company RUSAL.

Starting April 16, 2011, Russia and Turkey are to lift all the visa regulations for one another. The agreement between the Russian Federation Government and the Turkish Government was signed on May 12, 2010 in Ankara, Russia’s Foreign Affairs Ministry reports. Now under the agreement the citizens of Russia and Turkey with valid international or special passports can enter, leave, transit, and stay in either country with no visa required for thirty days after the entry date (diplomatic passport owners can enter either country without a visa in accordance with the Russian-Turkish

The international rating agency called off the ratings of five Russian telecommunications providers: Severo-Zapadny Telecom (SZT), VolgaTelecom, Central Telecommunications Company (CenterTelecom), Uralsvyazinform, and Southern Telecommunications Company (YuTK). The ratings of the companies’ liabilities were called off at the same time. The reorganization of seven Russian telecommunications operators merging with Rostelecom is now complete. The regional operators are no longer legal entities.

Ural Federal District’s division of Rosprirodnadzor (the state environmental watchdog) completed its scheduled inspections of how the government of Yamalo-Nenetsky Autonomous Region are exercising the authority handed over from the Russian Federation in terms of water use regulations and the protection and use of the fauna not listed as the biological water resources; this covers the hunting resources as well. The control and regulations are to be carried out together with Yamalo-Nenetsky Autonomous Region division of Rosprirodnadzor. The inspections revealed nineteen violations, resulting in

The net loss of OAO Utair Engineering rose by 74.9% in 2010 compared with 2009, that is, up to 94.63m RUR. The company explains this increase in the net loss by the fact that last year’s expenses exceeded their revenues.

Rostourism officially lifted all the bans on traveling to Egypt’s Red Sea resorts after a revolution broke out in the country early in 2011, RIA Novosti refers to the agency’s order uploaded on its website as stating. ‘We suggest that tour operators and travel agents (or their associations) should resume offering trips to Egypt to Russian tourists starting April 1, 2011,’ the order states. Rostourism still thinks Russian tourists coming to Egyptian resorts should be careful and watchful and shouldn’t go on day trips to other parts of the country.

Sverdlovsk Region’s chief federal inspector Viktor Minenko suggested that OAO Sevuralboksitruda (SUBR) management and trade unions send him a letter with their proposals on brining the situation back to normal by April 20, 2011. Minenko also asked for more cooperation between the bauxite mine’s management and trade unions. The decision to this extent was taken at the end of a meeting in Severouralsk dedicated to the interaction problems at the mine, the inspector’s press officer reports.

Igor Sorochan was appointed the General Director of ZAO Ural Turbine Plant recently. He is going to succeed Evgeny Kislitsyn, who is now moving on to one of Renova State Corporation’s enterprises in Moscow. Evgeny Kislitsyn ran the plant for two years. Igor Sorochan was the General Director of United Machine-Building Plants prior to this new appointment.

Sevuralboksitruda’s wage fund hasn’t increased a bit in two years, whereas the bauxite output has gone up and more demands are being placed on the miners,’ Chairman of SUBR trade union Talgat Sattarov argued at a recent meeting in Severouralsk chaired by Sverdlovsk Region’s chief federal inspector Viktor Minenko. The meeting was dedicated to interaction problems between the management and the trade unions of the mine. According to Sattarov, the miners are now forced to violate safety rules, sanitary regulations and personal hygiene norms to meet the target output figures. ‘A large

The imposition of stricter regulations by Russia’s Federal Financial Markets Service made yet another professional stock market player YAVA Finance Management quit the business. The company has already applied to the Service, asking to annul its license. The application has already been accepted. The investment company’s owners (the most important of whom is Uralsky Mezhregionalny Bank, a member of YAVA Corporation) made their decision because of the need to slim down their business and because the Service’s regulations grew harder to comply with. One such regulation has to do with the