Sverdlovsk Region Arbitration Court is to consider Pnevmostroymashina’s insolvency application on October 5, 2009. The court has to decide just how well grounded the company’s bankruptcy claims are. Pnevmostroymashina actually placed its application with the court on September 3, 2009. Five days later, KAB Bank Société Générale Vostok placed its own claim with the court, demanding that their debtor be declared bankrupt. Since Pnevmostroymashina was the first to apply for bankruptcy, the bank’s claims will only be considered by the court after the insolvent company’s case has been dealt with.

Kommersant Publishing House and the Association of Russian Managers compiled a rating of Russia’s most professional managers, with ‘the best selecting the best’. According to Magnitogorsk Iron & Steel Works (MMK) PR Department, the company’s BOD Chairman Viktor Rashnikov was featured in the Business Leaders rating among the country’s top executives and managers of largest enterprises. The rating also includes a list of one hundred department managers that mentions several MMK directors; for one, MMK Management Company’s Vice President Vladimir Shmakov was referred to as one of the best

Governor of Chelyabinsk Region Petr Sumin appointed Vyacheslav Yagodinets his official representative in the town of Karabash. According to the spokesperson for the Governor, Yagodinets is expected to help the city council to implement their recession-fighting measures, with emphasis placed on the stable performance of the communal housing services department and functional engineering infrastructure of Karabash in the coming winter months. He will also control the way the regional budget’s subsidies are spent and will supervise a number of environmental projects. Vyacheslav Yagodinets was

Kommersant Publishing House and the Association of Russian Managers compiled a rating of Russia’s most professional managers, with ‘the best selecting the best’. According to Magnitogorsk Iron & Steel Works (MMK) PR Department, the company’s BOD Chairman Viktor Rashnikov was featured in the Business Leaders rating among the country’s top executives and managers of largest enterprises. The rating also includes a list of one hundred department managers that mentions several MMK directors; for one, MMK Management Company’s Vice President Vladimir Shmakov was referred to as one of the best

The Bank of Russia’s PR Department reports their new authorized representatives were appointed in forty-eight Russian banks, including Yekaterinburg-based Bank Severnaya Kazna, Bank24.ru, and Bank Yekaterinburg. This was done in accordance with Article 76 of the Federal Bill on the Central Bank of the Russian Federation. The Central Bank actually directs its executives to the banks that have earlier received some money from Foreign Trade Bank, the Bank of Russia, the Ministry of Finance, and the Deposit Insurance Agency State Corporation; these officials are supposed to monitor and supervise

According to the Central Bank of Russia, volume of loans offered by UIC-Bank to private non-profit organizations for 181 days to 1 year went down by 18.76% (from 169.462 million RUR to 137.662 million RUR) in August 2009.

The bonds of Bank Severnaya Kazna (Alfa-Bank’s asset), coded as svkb01, have recently been taken off RTS Board due to their expiry. This news was announced via Russian Trading System’s official website. RTS Board is an information system meant for providing quotations of shares, bonds, and investment shares issued by Russian companies as well as quotations of foreign issuers’ securities that are not eligible for RTS trading. RTS Board currently contains data on 1,759 securities issued by 1,307 different companies.

‘Our experts are going to monitor every stage of launching the dry ash handling system in Reftinskaya power plant in order to protect the locals’ interests as well as the region’s energy security,’ Sverdlovsk Region Minister for Energy and Communal Housing Services Yuri Shevelev announced at an ad hoc meeting. Reftinskaya (Enel OGK-5) claims switching to dry ash handling will ease the strain on the air and water pools the plant has been using. However, the representatives of the International Socio-Environmental Union and Reftinskiy Environmental Safety Center insist that the public hearings

The Central Bank of Russia reports the volume of non-state for-profit organizations’ deposits in VUZ Bank (valid for the period of 31 to 90 days) declined by 32.99% in August 2009, that is, from 74.691 million RUR down to 50.05 million RUR.

According to the Central Bank of Russia, the volume of loans offered by Bank24.ru to private for-profit organizations for the period of 91 to 180 days nosedived by 51.85% in August 2009. The loan volume shrank from 34.75 million RUR down to 16.729 million RUR.

‘Sadly, Uralvagonzavod’s current managers have adopted a policy that is totally unsuitable for the existing circumstances. The plant’s former management had an entirely different approach to business development. They invested in product range expansion and improved on the plant’s potential as well as broke into the new markets. What’s more, the former executives set up a design office, a transportation department, a construction equipment department, and so on,’ Governor of Sverdlovsk Region Eduard Rossel said at a monthly press conference in Yekaterinburg. ‘The plant’s new managers’

The consumer electronics and white goods chain placed its insolvency application with Sverdlovsk Region Arbitration Court for the second time on September 28, 2009, the spokesperson for the court reports. According to the case papers, the company first applied for bankruptcy in July 2009 but then asked to stop all the legal procedures in September when the store thought they would be able to pay their creditors in full. The court agreed to do this on September 28, 2009; however, Uralskiy Val re-applied for bankruptcy on the same day.

Sverdlovsk Region’s division of the Federal Antimonopoly Service is to meet on September 30, 2009 in order to look into the case of Euro-Asian Management Company, Intensivnik’s Premier Hotel and City Hotel, Yekaterinburg Tsentralniy Hotel, Grand Avenue Hotel, and Iset Hotel. These hotels are suspected of violating article 11 (part 1, paragraph 1) of the Federal Competition Protection Act through colluding on their pricing policies on June 1-30, 2009. This time period covered the days of the Shanghai Cooperation Organization and BRIC summits in Yekaterinburg. The companies’ alleged colluding

Barclays Bank announced recently that they were planning to open a representation in Yekaterinburg after the decision to this extent was taken in the course of an extraordinary general meeting. The representation will probably welcome its first customers on October 15, 2009 and is to be located at 10 Khokhryakov St. As a matter of fact, the business center situated there already hosts Unicreditbank. According to Forbes’s Russian edition, Barclays Group had $11.8bn worth of losses in 2008.

Rostourism issued an order on September 21, 2009 that excluded Slavyanka-Tur Travel Company from the United Federal Register of tour operators. This Sverdlovsk Region-based company failed to produce any evidence of having the necessary financial security for the new operating period, the spokesperson for Rostourism says.

Local environmental group activists are going to hold a press conference in Yekaterinburg on September 30, 2009. They intend to voice their protests against the policies of Reftinskaya state district power plant’s (Enel OGK-5) management. First, twenty concerned dwellers of Sverdlovsk Region-based Altynai, Sukhoi Log, and Reftinskiy settlements carried out a picket in the center of Yekaterinburg on September 25, 2009. This was done to protest against the illegitimate actions of Reftinskaya. Environmentalists report the plant’s prospective switch to dry ash handling production is bad for the

Pnevmostroymashina is now on the list of companies whose debt to the Russian Federation budget has exceeded 1 million RUR. The list was has been prepared by Sverdlovsk Region’s division of the Federal Tax Service; it comprises 187 legal entities altogether.

Evroset Yekaterinburg is now on the list of companies whose debt to the Russian Federation budget has exceeded 1 million RUR. The list was has been prepared by Sverdlovsk Region’s division of the Federal Tax Service; it comprises 187 legal entities altogether.

Plenipotentiary Representative of Russian Federation President in Ural Federal District Nikolai Vinnichenko recently chaired its recession-fighting committee’s meeting in Yekaterinburg. In his opening speech, the executive mentioned a few local enterprises whose performance looked particularly worrying to both the regional government and the public prosecution authorities. Tavdinskiy machine-building plant, Egorshinskiy radio plant, Lobvinskiy biochemical plant, Pnevmostroymashina, AMUR car factory, and VSMPO-Avisma were some of these ‘troublemakers’. Nikolai Vinnichenko said these

The dwellers of Sverdlovsk Region-based Altynai, Sukhoi Log, and Reftinskiy settlements carried out a picket in the center of Yekaterinburg on September 25, 2009. This was done to protest against the illegitimate actions of Reftinskaya state district power plant (Enel OGK-5). Ten people took part in the event altogether. The picket coordinators report they are outraged by the enormous environmental degradation caused by the plant’s performance. They aim to make sure the results of the public hearings (which, in their turn, were carried out with numerous violations) are declared invalid. ‘We