Energozaschita Insurance Broker JSC conducted a number of tenders for property and private insurance agreements with power generating companies comprising RAO UES of Russia. Ingosstrakh insurance company won the tender announced by Center and Northern Caucasus Interregional Network Company JSC in the following categories: - insurance of property against fire and other calamities, against terrorism, insurance of machines and equipment against breakdowns, insurance against disruption of production, and multi-purpose insurance of building and assembly jobs for Corporate Service Systems;

Energozaschita Insurance Broker JSC conducted a number of tenders for property and private insurance agreements with power generating companies comprising RAO UES of Russia. Ingosstrakh insurance company won the tender in the following categories: - voluntary medical insurance, insurance against accidents and diseases for KolymaEnergo, MagadanEnergo, and YakutskEnergo; - civil liability insurance for entities using dangerous production facilities and waterworks for KolymaEnergo, MagadanEnergo, YakutskEnergo, AmurEnergo, Verkneye-Mutnovskaya Power Plant, and GEOTHERM JSC; -obligatory car

United Machine Building Works signed an over $7.5m contract recently, reports the company’s press officer. UralmashSpetsstal (part of United Machine Building Works) signed an agreement with Metallurgical Industrial Complex of Novolipetsk, promising to produce a large number of backup rolls and working rolls for all of their rolling mills. Under this agreement, UralmashSpetsstal will supply the Complex with 200m RUR worth of forming rolls in 2007. UralmashSpetsstal produces four types of steel rolls: hot- and cold-rolling backup and working rolls used in the rolling mills for producing

Uralvneshtorgbank used a $10m subordinate loan from the International Finance Corporation (the investments division of the World Bank); all credit payments are to have been made by 2013. The loan is now transferred into the bank’s capital, whose scale determines the financial ratio and thus affects the bank’s potential. Uralvneshtorgbank is the first and so far the only bank in Svedlvosk Region to receive a subordinate loan from the IFC; this loan is the second one obtained by the bank from the Corporation this fall.

According to the Central Bank of Russia, the volume of deposits provided by Uralprivatbank to nongovernmental commercial organizations for a term of 181 days to 1 year has gone down by 29% (from 97m RUR to 69m RUR) in the eleven months of 2006.

According to the Ural Customs Administration, $3.7bn worth of goods was imported in the region in January-October 2006, with slightly over 50% ($1.9bn) coming from abroad and 49.5% ($1.8bn) coming from the CIS, which exceeds the figures for January-October 2005 by 15.1%. More goods were imported both from abroad (there was an increase of 17.1%) and from the CIS (an increase of 13.1%). This increase in the amount of goods actually made up for the reduction of the contract prices; the physical volume of the goods imported has come to 30.6m tons in the ten months of 2006, with goods from abroad

‘The subordinate loan obtained by Uralvneshtorgbank means that its capital is going to grow; this is not their only way of getting direct capital investments, they could also sell their shares. Yet this would be difficult to do at the moment, since the bank is currently going through a merger with Sibacadembank,’ said Deputy Chairman of Ural Bankers’ Union Evgeniy Bolotin. Uralvneshtorgbank has obtained two subordinate loans (a $20m one from the European Bank for Reconstruction and Development and a $10m one from the International Finance Corporation) in the last month.

‘If we don’t start putting production facilities right now, Yekaterinburg might feel the shortage of building materials in two years’ time,’ the Executive Director of Sverdlovsk Region Union of Building Enterprises Yuri Chumerin announced at the press conference of the Union of Sverdlovsk Region Builders. According to Mr Chumerin, it is necessary to raise the production output of cement, insulating stuffs, and concrete components. The technological efficiency of the construction process can also be questioned, as Mr Chumerin believes very few local building enterprises have mastered the most

SKB-bank introduced a new subsidiary in Tyumen, located right in the center of the city (61 Respubliki St.) ‘This office renders all kinds of banking services for both private and business clients. The residents of Tyumen will probably find our already-popular consumer loans (Loan for a Friend, Loan for Buddies) and deposit schemes (The Simple Decision and The Multiplication Table) quite interesting. We are ready to offer the businesses and sole traders a lot of banking products and services, namely, the schemes for point-of-sale services (Start, Business Class, Comfort), loans and lines of

The causes of and damage done by the fire that broke out at sheet-rolling shop of Metallurgical Industrial Complex of Magnitogorsk have yet to be determined, reports the press officer for Chelyabinsk Region Department of Emergencies. Based on what has been revealed by 7 AM today, an exhaust and inflammation of hydrochloric acid placed in the rinse tanks occurred at the etching department of the sheet-rolling shop for yet obscure reason, causing a fire to start. The fire then deformed the bearing structures of the building, so all the metalwork and the roof of the shop covering the area of

According to the Central Bank of Russia, the volume of loans given by Credit Ural Bank to natural persons for a term of 181 days to 1 year has gone down by 68.71% (from 27.128m RUR to 8.487m RUR) in the ten months of 2006.

‘ChelyabEnergoSbyt received the certificate of readiness for the winter season. We have done plenty of work, such as drawing up the schedules for limiting electricity supply for the period when our facilities are normally overloaded,’ Sergey Sukhodoev, Deputy GD of ChelyabEnergoSbyt, the electricity supplier, announced at the press conference of power generating and supplying companies. ‘In case of emergency, our power facilities will decrease their capacity to 967 megawatts, which amounts to 20% of the total regional energy consumption. All the schedules have been approved of by the regional

The amount of foreign investments coming to Chelyabinsk Region has risen by 48.6% over the nine months of 2006 (compared with January-September 2005) and amounted to $961.2m, says Chelyabinsk Region Minister of Economic Development Yuri Klepov. This increase has largely been caused by the attempts of the regional government to create the conditions that would attract the foreign investors to the region; besides, Chelyabinsk Region has been quite stable both economically and politically lately. In addition, a system of interconnected legislative acts aimed at promoting investing activity was

‘Since Yekaterinburg Meatpacking Plant is now the object of an administrative quarrel, the employees would really like to know if they are going to keep their jobs. They organized a demonstration this morning, demanding to see the group of people led by Fedor Gafinets that entered the premises of the plant on November 28, 2006,’ the Marketing and Advertising Director of the plant Alexander Boboshin said to UrBC representative. ‘The workers demands were for the plant to operate uninterruptedly, for the wages to be paid with no delay, and for no redundancies to be made. They were not able to

Airbus 320, recently acquired by Ural Airlines, performed its maiden flight (Yekaterinburg-Istanbul) today. Upon its arrival back in Yekaterinburg, the aircraft will be used for flights destined for Saint Petersburg and Yerevan. According to the carrier’s Commercial Director Kirill Skuratov, the new liner will not service one particular direction only but will transfer passengers on both international and domestic flights. The news was reported by the spokesperson for Ural Airlines.

Energozaschita Insurance Broker JSC conducted a number of tenders for property and private insurance agreements with power generating companies comprising RAO UES of Russia. Ingosstrakh insurance company won the tender announced by Center and Northern Caucasus Interregional Network Company JSC in the following categories: - insurance of property against fire and other calamities, against terrorism, insurance of machines and equipment against breakdowns, insurance against disruption of production, and multi-purpose insurance of building and assembly jobs for Corporate Service Systems;

Energozaschita Insurance Broker JSC conducted a number of tenders for property and private insurance agreements with power generating companies comprising RAO UES of Russia. Ingosstrakh insurance company won the tender in the following categories: - voluntary medical insurance, insurance against accidents and diseases for KolymaEnergo, MagadanEnergo, and YakutskEnergo; - civil liability insurance for entities using dangerous production facilities and waterworks for KolymaEnergo, MagadanEnergo, YakutskEnergo, AmurEnergo, Verkneye-Mutnovskaya Power Plant, and GEOTHERM JSC; -obligatory car

According to the CEO of one of Moscow’s credit reporting agencies, he received a letter from the Federal Financial Market Service asking him to produce all papers needed to conduct an office inspection on Monday. The letter says that the inspector will analyze all the documents the agency has, and these have to be produced before November 30, 2006. The players on the credit reporting agencies market are positive that these untimely requests for papers will be experienced by them all. However, the strict measures, they say, will probably affect small and regional agencies first. Experts

An accident occurred at Metallurgical Industrial Complex of Magnitogorsk yesterday. According to the press officer for Chelyabinsk Region Department of Emergencies, fire broke out at the sheet-rolling shop of the Complex at 7.30 PM and covered the area of 1,000 square meters, resulting in the 1,200-square-meter roof failure. There were fourteen people there at the moment, working with the four tubs full of hydrochloric acid, five rinse tanks, and wringer rolls. Eight of them were injured and evacuated; six people were sent to hospitals with varying gravity of condition, and two of them

The person to receive the special 300,000th VISA card issued by Chelindbank was Irina A. Morozova of Kopeisk, the employee of Servicecom Ltd. (the bank provides salary cash cards for the company). According to the spokesperson for the bank, they have completed 1,490 salary card schemes for business and organizations of Chelyabinsk and Chelyabinsk Region so far. The bank’s ATM network comprises 107 ATMs as well as some cash desks based in all the subsidiaries and offices of the banks. Chelindbank is also trying to increase the number of non-cash transactions: the card holders can now pay for