The net loss of Nizhneserginskiy metal goods plant (the asset of Novolipetsk Iron & Steel Works/LNMK) reached 673.384 million RUR in the second quarter of 2010, the company’s financial report (compiled in accordance with the Russian Accounting Standards) states. A quarter earlier, the plant’s net loss came to 1,264,313,000 RUR. ‘The company’s net loss is still the result of overwhelming debt burden,’ NLMK reports. At the same time, the metal goods plant could build up on sales volumes and average prices due to the seasonal surge in demand. This, in its turn, was the cause of a 47%

The Central Yekaterinburg Department of Sverdlovsk Region division of Rospotrebnadzor (the state consumer rights watchdog) has asked the heads of Yekaterinburg-based supermarkets and stores to call off their batches of Mozzarrella in lake cheese produced by Milchwerk Jager GmbH&Co KG numbered 21 to 145, inclusively. Rospotrebnadzor’s press officer explained to UrBC that a batch of German Mozzarrella in lake cheese by Milchwerk Jager GmbH&Co KG that did not meet the hygienic norms in terms of its organoleptic characteristics had been detected in Italy and Germany.

The net profit of Novolipetsk Iron & Steel Works (NLMK) decreased by 47.64% in the second quarter of 2010 compared with the second quarter of 2009. According to the company’s financial report (compiled in accordance with the Russian Accounting Standards), the enterprise’s net profit amounted to 11,688,153,000 RUR over the given period, whereas a year earlier, the company made 22,322,948,000 RUR worth of profits. On the other hand, NLMK’s profits were better in the second quarter of the year than in the first one, as the said net profit figures were 4.4 times greater than in the first

The Federal Financial Markets Service of the Russian Federation imposed fines on three banks – VTB 24, the International Industrial Bank (MezhPromBank), and Bank Société Générale Vostok. The fines amounted to 700,000 RUR, 700,000 RUR, and 500,000 RUR, respectively, and were imposed for the banks’ failure to comply with the Service’s orders regarding the incongruence of their internal audit rules with the current legislation, Kommersant reports. The newspaper says the banks are obliged to train all of their employees in terms of mechanisms in which the law on counteracting money-laundering is

Starting August 4, 2010, Ural Airlines runs three official website addresses: the traditional one of www.uralairlines.com has been complemented with http://уральскиеавиалинии.рф/ and http://уральские-авиалинии.рф/. ‘Our airline was the first to react promptly to the new Cyrillic domains option. Our regular customers have already added to their Favorites our traditional address, but users from some new regions that were only introduced to Ural Airlines in 2010 can now choose the address which suits them best. As a rule, Cyrillic domain names are more popular with the elderly people who are

The court of appeals did not sustain the petition laid by Koltsovo Airport of Yekaterinburg regarding Sverdlovsk Region Arbitration Court’s ruling. Now the arbitration court stated that the orders made by Sverdlovsk Region’s division of Russia’s Federal Antimonopoly Service were both legitimate and well-grounded, the spokesperson for Sverdlovsk Region’s division of Russia’s Federal Antimonopoly Service says. The airport’s offense consisted in setting monopolistically high prices for providing telescopic passageways or an air bridge and for the on-board meals between January 1, 2009 and July

Sverdlovsk Region was the third most active car-buying part of Russia in the first half of 2010, preceded only by Moscow and Saint Petersburg. The share of new foreign cars sold on the Russian market to customers based in Sverdlovsk Region came to 3.6% of all the sales, or 18,800 automobiles, Avtostat Agency’s analysts state in their monthly report on the country’s car market. Tyumen Region, with its 3% share of the Russian market (15,500 automobiles), and Krasnodar Territory, with its 2.9% share (15,200 automobiles), thus proved the fourth and the fifth most active automobile-buying regions.

Sverdlovsk Region’s division of the Federal Antimonopoly Service is going to keep investigating the earlier postponed case No. 80 involving BNP Paribas and IncorMedia in Yekaterinburg. The two organizations are suspected of violating Article 18 of the Advertising Act through sending out advertisements via text messaging without the mobile phone number subscribers’ consent.

A session of Sverdlovsk Region’s division of the Federal Antimonopoly Service regarding the earlier postponed case No.45 was held in Yekaterinburg today. The case involves OAO Koltsovo Airport; the company is suspected of violating Article 10 (part 1) of the Competition Protection Law by refusing to store the airlines' jet fuel in its Yekaterinburg-based filling terminals for no good economic or technological reason. However, the demand for such a service is high. In addition, the airport appears to have no economic or technological grounds to back out of agreements with TZK Ural. Now

Technosila, Russia’s third largest electronic goods and white goods chain store, placed an application regarding the insolvency of OOO SV Group with the court. According to Kommersant, SV Group is the flagship enterprise of both Technosila and a number of other businesses owned by brothers Vyacheslav and Viktor Zaitsev. OOO Technosila is undergoing bankruptcy proceedings at the same time. The company’s debts total to 8.8 billion RUR, with its asset value reaching about 7.9 billion RUR. In fact, Technosila currently operates three hypermarkets in Yekaterinburg, namely, in Greenwich, Fan Fan,

Expert RA, a rating agency, reports that ZAO Uralprivatbank’s business solvency rating has been called off due to the expiration of its term and the bank’s refusal to have it renewed. Prior to the cancellation, the bank’s rating came to В++ (‘Acceptable solvency level’). Expert RA reports ZAO UralPrivatBank is an organization specializing in loans to legal entities and private individuals and offering cash management and settlement operations within Sverdlovsk Region. As of July 1, 2010, the bank’s assets (calculated in accordance with the Russian Accounting Standards) amounted to 1,929

Sverdlovsk Region Arbitration Court decided to accept ZAO AO Autoland’s bankruptcy application and to initiate the necessary proceedings, the court’s press officer reports. The debtor’s insolvency application was placed with the court on May 24, 2010. On July 1, 2010, the court left the application to rest and it was suggested that the applicant should eliminate a number of deficiencies before July 23, 2010. On July 21, 2010, the documents that proved the elimination of the said deficiencies was received by the court, so the latter decided to accept and process the application. The bankruptcy

The net loss of Sinarskiy Pipe Plant (part of Pipe Metallurgical Company/TMK) rose by 56.9% or up to 493.47 million RUR in the second quarter of 2010. The company reports the increase in losses has to do with the growing raw materials prices, and the drop in production output and sales volumes due to the scheduled machinery overhaul.

The customs posts of Nizhniy Tagil, Sverdlovsk Region, processed a total of 8,200 cargo manifests in the first half of 2010, while the total trade turnover in the area came to 1.9 million tons, the spokesperson for Ural Customs Administration reports. The foreign trade turnover reached $1.5bn, with 1.3 billion RUR transferred to the federal budget. Over 1,000 electronic cargo manifests have been filled in online since the beginning of the year. In fact, the remote processing technology was launched at Nizhniy Tagil Customs as recently as June 2010.

The Second Freight Company might soon be established in Sverdlovsk Region; the preliminary decision to this extent was made in the course of the talks involving President of Russian Railways Vladimir Yakunin, Sverdlovsk Region’s authorities, and the management of Sverdlovsk Region Railways. First Deputy Head of Sverdlovsk Region Railways Valeriy Fomin informed the reporters on Friday that the address of the new company’s official headquarters should be determined at the Russian Railways BOD meeting that is most likely to take place in August 2010.

OAO Uralneft reports its net profit declined by 20.94%: the figure came to 18.93 million RUR over the current financial period, whereas in the previous financial period, the net profit amounted to 22.89 million RUR, the company says. Uralneft does not specify, however, what exactly the term ‘financial period’ stands for. The enterprise explains the decrease in net profit was brought about by shrinking sales of goods and services.

‘So far, we have sold 30% more tours this year compared with a year earlier, and 10% more tours than in the year 2008. At the same time, the vacations grew, on average, 20% more expensive against the season of 2009,’ Director of Zima-Leto Group Olga Gulyar says. ‘As for the most popular destinations, Turkey has traditionally broken all the possible records. The other popular t holiday destinations are enjoying demand this year as usual, for example, this is true of Egypt. The popularity of tours to Tunis is exceeding our tour operators’ boldest expectations; in fact, no last-minute offers are

OAO Vladivostok Avia keeps sustaining increasingly more losses. The carrier’s net loss actually amounted to 729.099 million RUR over the current financial period, which exceeded the loss sustained in the previous financial period by 117.284 million RUR, or 19.17%, the airline’s official release states. The company does not specify, however, what exactly the term ‘financial period’ stands for. It says the worsened financial performance has to do with a 17% drop in the average passenger fares because of Russia’s major air carriers’ dumping policies on the domestic flights market. What is more,

OOO VIZ-Stal came up with a performance report for the first half of 2010. The company produced 69,300 tons of steel in January-June 2010, which was two times more than the amount manufactured in the first half of 2009. The figure comprises 68,800 tons of grain-oriented steel and 500 tons of dynamo steel. The enterprise reports their grain-oriented steel production output increased against the first half of 2009 due to the gradually recovering global demand for this kind of steel; this demand, however, is still lower than that before the start of the recession.

Bank VTB set a five-billion-ruble loan limit for Sverdlovsk Region. This money can be used to finance the current budget deficit, the temporary cash discrepancies, government liabilities, or loans to legal entities under the region’s state guarantees, the bank’s press officer reports. This loan will be used in accordance with the existing legislative requirements. The money is to be obtained through a public auction among Sverdlovsk Region’s largest banks. At the moment, the region’s government is considering Bank VTB’s offer to take part in an auction that concerns the first transaction