Irbit Trailer Plant, Uralelectromash, and Zavod Iset have been placed on the list of companies owing more than 1 million RUR to the state (i.e. the Russian Federation budget), Sverdlovsk Region’s division of the Federal Tax Service reports. All in all, the list comprised 341 Sverdlovsk Region-based enterprises on March 15, 2009.

Ural Airlines started selling tickets for its U6-2941/2942 Dushanbe-Irkutsk-Dushanbe flights. Starting April 2, 2009, flights are to be operated every Thursday. The departure time for Irkutsk-Dushanbe flight is 3.15 PM, the arrival time is 4 PM. The departure time for Dushanbe-Irkutsk flight is 4.20 AM, the arrival time is 1.15 PM. All flights are operated on an Airbus A320 plane; these are five-hour flights. For more information, call the 24/7 Passenger Support Service 8 800 2000 262 (toll free within Russia).

Degtyarsk Machine-Building Plant’s management claims the company is under a raiding attack initiated by Malik Gaisin, a local entrepreneur. ‘Since the law-enforcement agencies do not seem to pay any attention to the notorious Malik F. Gaisin’s actions, one of Degtyarsk’s few operating businesses is under a threat of total destruction,’ the plant’s GD Valery Malygin was quoted as saying by the Anti-Corruption Committee. The plant’s top executives report eleven buildings located on the plant’s premises have been registered with Kolva Ltd (controlled by Malik Gaisin). However, neither money nor

Deputy Head of Sverdlovsk Region Government and the region’s Minister for Industry and Science Anatoly Gredin presented his report on the state of local aluminum smelters at an anti-crisis committee meeting. The Minister explained things were hard for Severouralsk bauxite mine (SUBR) and Bogoslovskiy and Ural smelters at the moment; their output had halved, while the produce didn’t appear to enjoy any demand. In the meantime, these enterprises employ over 10,000 local dwellers. The regional government officials have already drawn up an agreement providing for lower electricity and heat prices

‘Providing for commercial security is an important part of social security and a top priority issue at the moment. This is a problem both the country as a whole and every city in Russia is faced with. This is true of Yekaterinburg as well. I believe this issue needs to be discussed and to be given a lot of attention at the city’s Security Council meeting,’ says Europe-Asia Information and Consulting Center’s GD and President of Ural Center of Nongovernmental Security Institutions Association Oleg Borisov. The first professional report on Yekaterinburg’s security services market came out in

Governor of Chelyabinsk Region Petr Sumin met the General Director of Asha Metallurgical Works Vladimir Evstratov. The two executives looked into the enterprise’s current problems and tried to think of how to actually implement the company’s long-term investment projects targeted at modernization. Evstratov said the first modernization stage was completed in 2006 when the new ladle furnace was launched; the second stage was carried out in 2007 when the new CC machine started operating at the plant. However, the outbreak of the global economic turmoil prevented the enterprise from going

Ural Transport Machine-Building Works, Euroset Yekaterinburg, Ural & Siberia Metallurgical Company, Yekaterinburg Pharmaceutical Factory, Pnevmostroymachina, and Ural Turbine Plant have been placed on the list of companies owing more than 1 million RUR to the state (i.e. the Russian Federation budget), Sverdlovsk Region’s division of the Federal Tax Service reports. All in all, the list comprised 341 enterprises on March 15, 2009.

The agreements signed with Bank Severnaya Kazna’s (now the asset of Alfa-Bank) top managers that provided the latter with greater salaries, a life time medical insurance and impressive redundancy payments have been declared void and cancelled. Following the order of the Russian Federation’s Deputy Prosecutor-General, the region’s public prosecution authorities carried out an investigation of the bank’s former managers allegedly illegal practices and found out that the offense did take place. It was detected that in October 2008, despite the ongoing economic crisis and the bank’s being unable

‘At the time of a crisis, the number of bank-related complaints has gone up by 50%. All in all, we have received fifty-four complaints about the banks’ activity since the outbreak of the trouble,’ Inna Abolonina, Sverdlovsk Region Consumer Rights Protection Society’s legal advisor said to UrBC. ‘Most complaints have to do with lending issues and bank deposits, with the latter dominating over the former. People complain of a whole range of banks, including Bank Russkiy Standart and Sberinvestbank,’ she added.

Governor of Chelyabinsk Region Petr Sumin attended a meeting of Ural Federal District’s constituency heads chaired by head of the Russian Federation Government Administration Sergey Sobyanin and made a number of proposals regarding the Government’s anti-crisis action plan for 2009. The spokesperson for the Governor reports Sumin spoke about the inter-budgetary problems; for one, Chelyabinsk Region’s Federal Tax Service division’s profits had already dropped by 34% because of the smaller tax payments. Then, as the action plan provides for 300-billion-ruble subsidies to the regions, Governor

Ural Tire Works, Ural Lift-Building Plant, Uralneftegazstroy, Stroyinvest, Uralstroyinvest, Aston Building Company, Uralstroy, and Uralstroy-1 have been placed on the list of companies owing more than 1 million RUR to the state (i.e. the Russian Federation budget), Sverdlovsk Region’s division of the Federal Tax Service reports. All in all, the list comprised 341 enterprises on March 15, 2009.

Kamensk Uralskiy Foundry, Baranchinskiy Electromechanical Plant, and Kushvinskiy Forming Roll Plant have been placed on the list of companies owing more than 1 million RUR to the state (the Russian Federation budget, that is). All in all, the list comprised 341 enterprises on March 15, 2009.

Bank Severnaya Kazna’s additional office at 3 Khimikov Lane, Yekaterinburg is going to close down soon. The outlet will last welcome its private customers on March 30, 2009, while business customers will be able to use its services until April 24, 2009. The information to this extent has been placed on the bank’s official website.

‘The stockholders will probably decide not to pay the dividend for 2008 when they meet at the AGM at the end of April. This is the decision they normally make,’ the spokesperson for Klyuchevskoy Ferrous Alloys Works said to an UrBC reporter. ‘Our production output has been going down over the last few months, which is actually the case throughout the entire ferrous alloys branch. We’ve managed to avoid redundancies, however,’ the spokesperson said.

Sverdlovsk Region Court of Arbitration declared Bank VEFK Ural insolvent, so the bank is now to undergo bankruptcy proceedings. The claim against the bank was originally placed by the Bank of Russia’s Sverdlovsk Region division. Bank VEFK Ural’s license was revoked on February 19, 2009, so the customers started getting their deposit compensations on March 5, 2009.

URSA Bank has recently introduced the new interest rates on legal entities’ ruble deposits. The rates were increased by 3.5% on average. The bank’s Universal deposit, for instance, provides for 12.5% a year if you deposit your money for half a year, for 13.5% a year for a twelve-month period, and for 15% a year if you place your money with the bank for more than a year. All in all, URSA Bank’s deposit periods range from three days to several years. A business customer is required to deposit at least 500,000 RUR or the equivalent sum in foreign currency. ‘We understand how important it is for

Sinara Group’s Ural Railway Machine-Building Plant’s net profit plummeted by 29.363 million RUR, or 192% in the last quarter of 2008, that is, from 1.296 million RUR in the third quarter of the year to -14.067 million RUR in the last one. The enterprise reports this drop has to do with the increase in the outgoings (not sales-related ones) because of the growing U.S. dollar exchange rate and their foreign exchange loan thus becoming much costlier.

Bank Russkiy Standart’s Board of Directors decided in the course of a recent meeting that the bank’s Yekaterinburg representation (located at 50D Lenin Ave.) should be closed down. As a matter of fact, the bank has also had to do away with its representations in Alapayevsk, Kachkanar, and Pervouralsk since the beginning of the year.

The volume of non-state for-profit organizations’ deposits in UralTransBank valid for 91 days to 180 days had gone down by 40.83% (from 52.116 million RUR to 30.837 million RUR) by February 1, 2009.

‘Malev Airlines had to cancel its Yekaterinburg-Budapest flights scheduled for April 1-26, 2009 because not enough tickets had been sold. Initially, twelve flights were expected to have been operated,’ says Malev’s Yekaterinburg representative Marianna Galagura. ‘In the meantime, this flight used to be operated twice a week in the winter; now that we are to switch to the summer timetable on April 29, 2009, our Yekaterinburg-Budapest flight will be operated three times a week,’ she adds.