03 March 201010:11

Court rules in favor of prosecution authorities

Yekaterinburg’s Ordzhonikidzevskiy district’s public prosecution authorities laid a claim against ZAO AKADO-Yekaterinburg, the Internet provider, in order to set a limit to online distribution of information, the spokesperson for Sverdlovsk Region’s division of Rospotrebnadzor (the state consumer rights watchdog) reports. Now Rospotrebnadzor’s experts were involved in the case as a third party. According to Rospotrebnadzor’s regional division, www.trava66.ru website carried an advertisement of Spice Diamond, the tobacco mix. The court ruled in favor of the public prosecution authorities.
03 March 201010:10

Governor Misharin to raise public sector workers’ salaries

‘We’ll do everything that is necessary to raise the public sector workers’ salaries by at least 15%, which means Sverdlovsk Region’s average pay should increase to 20,400 RUR a month this year,’ Governor of Sverdlovsk Region Alexander Misharin said to the local dwellers during his visit to Asbest. ‘We’ll also keep on putting up new day care centers. We need room for 52,000 more children at the moment, with each child in a kindergarten costing the budget about a million rubles. This means we need 1 billion RUR to solve the problem. The state authorities can and should devise and implement a
03 March 201010:10

Bank24.ru to pay fine

Sverdlovsk Region’s division of the Federal Antimonopoly Service found OAO Bank24.ru guilty of an administrative offense as described in Article 5 (part 7) of the Advertising Act, the spokesperson for the division says. The offense consisted in using inadequate ads next to the entrance to one of the bank’s offices in July-September 2009. The advertisements read, ‘A free settlement account for legal entities and sole traders,’ and ‘Open a settlement account for free.’ Sverdlovsk Region’s division of the Federal Antimonopoly Service declared the advertisement was inappropriate because it failed
03 March 201010:09

Private company uses treatment facilities illegally

Following the order of Deputy Prosecutor General of the Russian Federation Yuri Zolotov’s order, the public prosecution authorities of Sverdlovsk Region carried out an inspection of federal property and detected numerous instances of its illegal use, the spokesperson for Ural Federal District’s division of the General Prosecutor’s Office reports. It was detected that the waste treatment facilities of Zarechniy, Sverdlovsk Region that are managed by Beloyarskaya nuclear power plant had been used by a private company since the year 2007 without any contract whatsoever and without any license
02 March 201011:13

Court rules in favor of environmental authorities

Yekaterinburg’s Oktyabrskiy district court ruled in favor of Sverdlovsk Region environmental prosecution authorities; the plaintiff insisted that DVI Ural pay over 870,000 RUR to make up for the damage caused by cutting down trees when ComsoMall shopping center was being put up, says Deputy Prosecutor Igor Melkov. ‘The company did have a permission to cut down some trees, but they were supposed to have paid for the damage and to have planted an equivalent number of new trees. The developer did not do any of this,’ Melkov explains. OOO DVI Ural is a developer that worked on the engineering
02 March 201011:13

Nizhniy Tagil Customs confiscate pirated goods

Last year, the experts of Nizhniy Tagil Customs carried out eleven pro bono examinations of supposedly counterfeited goods. In fact, all of the inspected products did turn out to be fakes. All in all, 750 items were declared to be counterfeited, most of which were sportswear articles bearing Adidas and Nike logos. Since the beginning of 2010, Nizhniy Tagil Customs officers have confiscated 430 items, mostly clothes and footwear bearing the logos of Lacoste, Adidas, Umbro, and Nike. Their examination indicated that all of them were pirated items.
01 March 201010:53

Governor Misharin promises to help Sysert

During his recent visit to Sysert, Governor of Sverdlovsk Region Alexander Misharin promised to come up with a detailed action plan aimed at solving the town’s problems. The Governor visited Sysert with United Russia’s Secretary to General Council Vyacheslav Volodin. Alexander Misharin met some of the local dwellers and spoke about last year’s main socioeconomic achievements; he also explained what his expectations were for the year 2010 and answered the citizens’ questions. According to the available official data, the average pay comes to 15, 160 RUR a month in Sysert, whereas the
01 March 201010:52

Nikolai Maksimov loses to NLMK

Moscow’s Ninth Arbitration & Appeals Court supported the ruling of Moscow Arbitration Court which refused to meet the claims of Maxi Group’s minority shareholder Nikolai Maksimov in November 2009. Maksimov was unhappy with the results of an auction where OAO NLMK bought shareholdings of Maxi Group’s daughter enterprises: Nizhneserginskiy metal goods plant (OAO NSMMZ), Uralvtorchermet, and Ural Precision Alloy Plant (ZAO UZPS). The auction took place on June 25, 2009 when Maxi Group had to meet its bail bonds on the earlier loans. NLMK said it needed to buy the shares of OAO NSMMZ,
01 March 201010:52

Toyota dealer’s sales manager accused of fraud

Yekaterinburg’s public prosecution authorities instituted criminal proceedings against a 29-year-old manager of Toyota’s local car center. The man is accused of fraud in accordance with Article 159 of the Russian Federation Criminal Code. According to the spokesperson for the authorities, it is suspected that in August-October 2008 the manager hijacked some automobiles from the storehouse under the pretext of doing a test drive with customers. Allegedly, the cars (with all the necessary papers) were later sold to private individuals, who believed they were actually making an official and
01 March 201010:51

Ermengildo Zegna goods counterfeited in Yekaterinburg

Yekaterinburg’s public prosecution authorities recently instituted criminal proceedings against an entrepreneur whose business operates in one of the city’s largest shopping malls, the spokesperson for the authorities repots. The businessman is suspected of using Ermengildo Zegna trademark illegally, which offense is described in Article 180 of the Russian Federation Criminal Code. ‘The trademark owner placed its complaint with the local authorities as early as the summer of 2009, but the complaint did not result in any lawsuits for a long time. The law-enforcement agencies inspected the
27 February 201010:54

Optical plant’s bond issue declared invalid

The Russian Federation Federal Financial Market Service refused to register the report on the issue of certified non-convertible interest-bearing owner bonds of E.S. Yalamov Ural Mechano-Optical Plant Federal State Unitary Enterprise (series 02). Since not a single bond of the issue (registration number 4-02-00002-T as of December 18, 2008) has been placed so far, the issue was declared invalid and the Federal Financial Market Service decided to annul the issue’s state registration.
27 February 201010:54

Koltsovo Airport accused of violating law

Ural Federal District’s division of Rosprirodnadzor (the state environmental watchdog) carried out several inspections of Yekaterinburg-based Koltsovo Airport. Four violations of the existing laws have been detected in the course of these inspections, so the company was given orders to remove them and is going to face administrative liability, the spokesperson for Ural Federal District’s division of Rosprirodnadzor reports. The division also inspected ZAO Kamensk-Uralskiy Mine and revealed that the enterprise violated the water code, so the company received orders to deal with the problem and
27 February 201010:53

Governor Misharin calls for 10% down payment on mortgages

Governor of Sverdlovsk Region Alexander Misharin announced to the local bankers that mortgages need to become more affordable. The executive said in the course of his visit to Kamensk-Uralskiy that he hoped to make the interest rate on mortgages drop to 11% a year. The Governor feels the region’s banks should also decrease the down payment to 10% of the total loan sum. In fact, Russian President Dmitriy Medvedev has already promised to make the interest rates go down. The president declared the rates should come to 6% to 8% a year. ‘We’ll keep on gradually reducing the interest rates on
27 February 201010:53

Alfa-Bank closes down Yekaterinburg offices

A number of Alfa-Bank’s offices will be closed down in Yekaterinburg. For one, the bank’s Yekaterinburg-Kupecheskiy outlet (located in Greenwich shopping mall) will soon stop operating. The bank’s representatives say they need to cut down on the number of offices, even though Alfa-Bank enjoys popularity with the local dwellers. ‘The closing down of Yekaterinburg-Kupecheskiy is done within the framework of our front office-reduction program. This became necessary after Alfa-Bank acquired the former offices of Bank Severnaya Kazna,’ Alfa-Bank’s press service reports. A representative of
27 February 201010:51

Fitch Ratings leaves Evraz Group on Rating Watch

The international rating agency still keeps Evraz Group SA’s long-term Issuer Default Rating (B+) and priority non-secured rating (B+) on the Rating Watch list, with Negative Rating Outlook. The steel company’s short-term Issuer Default Rating has been affirmed at B, while the asset payback rating came to RR4. Fitch Ratings’ analysts explain the company keeps Negative outlook because it is still unclear whether Evraz will manage to get the funding needed to refinance its debts and pay them off in 2010 – 2011.
26 February 201014:42

Ural Airlines launches Samara-Hudzhant flight

Starting February 26, 2010 Ural Airlines is to increase the number of its international flights operated from Samara and to introduce a new flight from Samara to Hudzhant, Tajikistan. The flight will be operated every Friday using an A320 airplane according to the following timetable: Samara-Hudzhant flight: departure time is 1:50 AM; arrival time is 6:00 AM; Hudzhant-Samara flight: departure time is 8:00 AM; arrival time is 10:00 AM;
26 February 201014:41

Banks might lose licenses

A number of Russian banks fail to meet the Federal Financial Market Service’s requirements aimed at counteracting laundering proceeds from criminal activity as well as terrorist financing, Vedomosti reports. So the Service’s management intends to take strict measures against the non-compliers. ‘We often refuse to approve of banks’ internal rules and policies that do not meet the legal requirements. At the moment, we just ask the banks to adjust their rules, but if we still find problems, we’ll take action and might even cancel a bank’s license,’ Vedomosti quotes Head of the Federal Financial