Bogdanovichskiy District’s Justice of the Peace returned the verdict of ‘guilty’ upon a sole trader Oksana Cherdantseva, who was declared to have committed crimes describes in Article 146 (part 2) of the Russian Federation Criminal Code (violation of author’s rights), the spokesperson for Sverdlovsk Region’s public prosecution authorities reports. It was detected in the course of the court inquiry that Ms Cherdantseva had been selling pirated copies of audiovisual materials at one of the local malls since January 2008. In fact, 172 counterfeited DVDs with 598 illegally copied movies were

Sverdlovsk Region Arbitration Court keeps looking in the claim laid by the region’s Ministry for Public Property Management against Avtosan (case А60-6917/2009-С 2). The plaintiff insists on the defendant paying over 500,000 RUR for missing the deadline for making the rent payments. ‘Unfortunately, it happens quite often that a tenant fails to meet the terms of the renting agreement. Avtosan rented a land allotment from us in June 2008 but never paid the rent and ignored our complaints. This is why we had to take legal action in order to get the debt paid through legal enforcement,’ says the

URSA Bank started offering the new money orders within the framework of the Zolotaya Korona system, so its customers can now have money transferred through terminals and cash-in ATMs in any of the bank’s offices in Siberia, the bank’s press officer reports. The money orders are processed in rubles within Russia and in rubles and foreign currency (up to $5,000) outside Russia for residents; as far as non-residents are concerned, there are no limits as to the sum or legal constraints. The exchange rate used is the one set by the Bank of Russia on the day of the transaction. The bank’s

The Central Bank of Russia reports volume of private individuals’ deposits and other investments in Perviy Respublikanskiy Bank valid for 31 to 90 days had gone down by 10.41% (from 321.227 million RUR to 287.77 million RUR) by April 1, 2009.

The Central Bank of Russia reports volume of loans given by Perviy Respublikanskiy Bank to non-state for-profit organizations for 1 to 3 years had gone down by 14.75% (from 547.103 million RUR to 466.379 million RUR) by April 1, 2009.

The international rating agency decreased AKB Absolut Bank’s long-term Issuer Default Rating from BBB+ to BBB, with Negative rating outlook. This decrease is actually a follow-up on Fitch’s demoting the bank’s parent enterprise KBC Bank’s rating down to A; besides, the lowered rating reflects the agency’s concerns over KBC Bank’s weakened financial status and its dependence on the state support. What is more, the bank’s ability to help its Russian daughter enterprise if necessary looks a bit dubious at the moment. The Negative rating outlook indicates that KBCB’s own financial indicators keep

The bank’s shareholders decided at the annual general meeting in Yekaterinburg that they should pass the dividend for 2008. What is more, they voted unanimously for closing down the previously created development fund, savings fund, and consumption fund. The leftovers of these funds’ reserves are to be directed into the undistributed profit category. The meeting closed with the approval of the bank’s annual report for 2008 and electing the BOD members.

‘We’ve had some problems with getting some of our loans prolonged and refinanced at Bank Severnaya Kazna, despite our being their major customer and having the largest lending portfolio there,’ President of Mayak Corporation Marina Konkova said at a regional committee meeting. This seventeenth meeting of Sverdlovsk Region Government Committee for Business Support was chaired by Head of Sverdlovsk Region Government Viktor Koksharov.

The Board of Directors of Sverdlovenergosbyt was unable to plan the agenda for the upcoming shareholder meeting. Nevertheless, the agenda has to be decided upon no later than May 20, 2009. The meeting itself is to take place in Moscow on June 24, 2009.

Severnaya Kazna (the asset of Alfa-Bank) no longer handles any money orders through Western Union, Blizko, or Contact. The information to this extent is available via the bank’s official website.

Home Credit & Finance Bank’s stockholders decided at their latest general meeting in Moscow that the 1,198,505,761 RUR worth of losses in 2008 should be compensated by the undistributed profits accumulated over the previous years. The decision was approved of by the votes of the shareholders present at the meeting.

Absolut Bank Joint Stock Commercial Bank’s BOD suggested that the stockholders should abstain from distributing the net profit for 2008 and pass the share dividend. The latter are supposed to make this decision at the AGM in Moscow on June 4, 2009.

The Federal Financial Market Service annulled Bank24.ru’s license entitling the business to brokerage and dealing operations as well as security transactions. This news has been announced via the bank Group’s official website.

The International Bank for Reconstruction and Development and Sverdlovsk Region signed a memorandum of understanding in the course of the 14th Russian Economic Forum in Yekaterinburg. The document was signed by Governor Eduard Rossel and Director Klaus Rohland, the IBRD’s permanent representative in Russia. The memorandum gives the region an opportunity to employ the World Bank’s experience in the field of economic research to improve and develop the area as well as to perfect its fund-raising mechanisms, the spokesperson for the Governor reports. Governor Eduard Rossel says the IBRD is going

Ural Railway Machine-Building Plant’s Board of Directors decided to appoint the CEO and First Deputy GD of Pnevmostroymachina Dmitriy Yakshin the company’s General Director on May 15, 2009. Incidentally, the enterprise’s former GD Anatoly Sabelnikov only came into office in July 2008, succeeding Alexander Saltaev, who was appointed in May 2007. This means that the plant’s BOD has elected the new General Director for the third time over the last two years.

SOT and Magnitogorsk-based MZMZ (members of Rimera O&G maintenance company) have been successfully re-certified by QS Azia Sertik (based in Almaty, Kazakhstan) and thus proved the compliance of their quality management system and of their produce with the ST RK ISO 9001-2001 standards. The ST RK ISO 9001-2001 standard is the state standard of the Republic of Kazakhstan and an adjusted version of the international ISO 9001:2000 one. Getting the compliance certificate is obligatory for all the enterprises willing to supply their produce to the Republic of Kazakhstan. ‘These companies

Sverdlovsk Region Arbitration Court is going to keep looking into the claim laid by the bank’s minority shareholder (2.07% of shares) Oksana Shishkina against Bank Severnaya Kazna and Alfa-Bank in June 2009. The plaintiff insists on Alfa-Bank making Bank Severnaya Kazna go through with a public buy-out offer and acquire the shares from the other stockholders. The decision to put off the hearing till June was taken at a session on May 14, 2009. Shishkina believes Alfa-Bank must buy her shareholding (1,276,500 shares) at the highest price offered to the other stockholders. She insists on Bank

The General Director of Express-Garant Alexander Ivanov and Leonid Chetverkin, the GD of Gubernskaya Management Company joined Reserve South Ural Social Development Bank’s Board of Directors. The news has been announced after the annual general meeting held in Yekaterinburg recently. Apart from these two executives, the BOD also consists of the bank’s Counselors to the Chairman Valeria Kanevskaya and Alexander Ustyukhin as well as the Chairman of the Supervisory Board Sergey Kolobov. Alexander Ivanov and Leonid Chetverkin were reported earlier to have bought Reserve South Ural Social

Magnitogorsk Iron & Steel Works (MMK)’s coating shop started manufacturing the new hot-dip-galvanised, high-durability flat stock 350 in accordance with GOST 52246-2004; the product’s thickness comes to .7 to 2 mm and its width reaches 1,000 to 1,250 mm. According to MMK’s PR Department, this highly durable product is becoming more and more popular with the builders (who use it to make reliable structural shapes, for example). The main advantage of using this stock lies in the possibility to make the metal less thick while retaining the same durability characteristics. What is more,

The Federal Antimonopoly Service’s Sverdlovsk Region division imposed a 14.44-million-ruble fine on Sverdlovenergosbyt for violating the antimonopoly legislation, the spokesperson for the division reports. The Service completed the investigation of Sverdlovenergosbyt’s case on February 16, 2009, declaring that the company was guilty of violating Article 10 (part 1, paragraph 5) of the Competition Protection Act. The offense consisted in the company avoiding the capturing of the power supply contracts with two local sole traders (E.V. Mazitova and I.V. Romanova). Sverdlovenergosbyt claimed the