106bn RUR will be invested in the production facilities of Territorial Power Generating Company 9 (aka TGK-9) before 2015, says the report based on the results of the Board’s meeting. The company’s top priority projects are the construction of Novo-Bereznikovskaya power station (the project is estimated to cost 14.3bn RUR) and reconstruction of Permskaya power station (the project will cost 3.8bn RUR). The money is expected to be derived from the profit obtained as a result of the company’s performance as well as depreciation funds and loans. Besides, the company is planning to use money

Metallurgical Industrial Complex of Nizhniy Tagil (part of Evraz Group) has bought over 9,000 portions of flu vaccines in order to prevent an epidemic. According to the special schedule, every third employee of the company will have been vaccinated within two or three weeks’ time, which is believed to prevent the massive outbreaks of the disease. The medical staff are using Vacigripp made by Sanofi Paster of France; this vaccine has already proved to be quite effective during the earlier epidemic seasons. The vaccine has been delivered to all of the company’s 26 medical aid posts, and the

Severnaya Kazna Insurance Company paid 126,459,000 RUR to its clients in the first quarter of 2006 (compared with 121,470,000 RUR in the fourth quarter of 2005), the company’s spokesperson said to UrBC representative. The degree of damage sustained by the company in terms of voluntary insurance and obligatory car insurance came to 72.67% and 99.16%, respectively (compared with 61.05% and 71.44% in the fourth quarter of 2005). The company collected 152,555,000 RUR in the form of insurance payments in the first quarter of 2006.

According to the Central Bank of Russia, the volume of loans given by UralTransBank to sole traders despite overdraft account for a term of 91 to 180 days has gone down by 28.6% (from 80.227m RUR to 57.262m RUR) in January-October 2006.

A fire broke out at the building materials warehouse 38 belonging to Oboronsnabsbyt JSC, Yekaterinburg-based defense business, says the spokesperson for Sverdlovsk Region Department of Emergencies. The fire started at about 1 AM on November 19, 2006. Nineteen firefighting vehicles were sent to deal with the accident at once, with the fire graded as having the second-degree difficulty. According to the spokesperson for Sverdlovsk Region Department of Emergencies, the stuffs burning were actually the finishing agents. The fire was put out before 1 AM on November 20, 2006; the damage has yet to

The first Airbus 320 arrived in Yekaterinburg at 12.08 PM last Saturday. Despite the heavy snowfall and the wind, the landing went smoothly, performed by the crew of Ural Airlines (Captain Dmitriy Sherbakov). Among the other professionals on board was the instructor Andrey Bogatyrev, the squadron leader of Aeroflot Russian Airlines; this first flight lasted 6 hours and 30 minutes. The long-awaited airplane was welcomed by the representatives of Ural Airlines headed by the General Director Sergey Skuratov, who was the first person to get on board the plane. ‘This is not simply the first

Ural Fund is going to have its second extraordinary shareholder meeting on December 7, 2006. The points on the agenda include electing the returning board and the Board of Directors.

Ural Turbine Plant, a closed joint-stock company, is going to set up a power machine building holding, announced the company’s General Director Vitaliy Nedelskiy. Mr Nedelskiy says the holding will be originally organized as a consortium, founded by Ural Turbine Plant, Teploenergoservice EC Power Equipment Repair Corporation of Moscow, and ElSib, a joint-stock company from Novosibirsk. According to the other participants of the project, the consortium might then be converted into a joint stock company that will deal in collecting orders for steam-and-gas turbine production and the order

A special committee made up of the representatives of the Federal Air Transport Agency, Koltsovo airport, and Ural Airlines, accompanied by the experts from the transportation prosecution bodies, has completed its mission. Having looked at the capacity of the air terminal for domestic flights and at the feasibility of servicing them, especially the Moscow-bound ones, the committee concluded that Koltsovo was technically capable of servicing the planes of Ural Airlines, including the so-called historic slots of morning and evening flights to Moscow. As regards the ‘repair’ that the airport

According to the Central Bank of Russia, the volume of investments placed by non-resident legal entities in UralTransBank for a term of over three years has gone down by 27.6% (from 34,265,000 RUR to 24,796,000 RUR) over the ten months of 2006.

According to the Central Bank of Russia, the volume of deposits and other investments placed by non-resident natural persons in UralTransBank for a term of 1 to 3 years has gone down by 25.5% (from 4.082m RUR to 3.041m RUR) in January-October 2006.

Metallurgical Industrial Complex of Nizhniy Tagil (part of Evraz Group) has recently introduced the School of Managing Director. There has been selected a group of special students who are actually the company’s middle level managers to be trained in order to get top managerial qualifications. The members of this team were selected on the basis of special tests and references provided by the leading experts and departmental directors. This training workshop came to be known as the School of Managing Director. Over the next two years, these potential top executives will have to master the top

The authorized capital of South Ural Mortgage Lending Agency is expected to go up by 500m RUR, according to the decision made at Chelyabinsk Region Government meeting today. As First Deputy Governor Vladimir Dyatlov explains, the performance of the agency is a crucial factor in stabilizing the real estate market in some cities and areas of the Region. Raising their authorized capital will make it possible to build up the agency’s area of operation up to 31 regional municipal districts, instead of the current 21 districts.

According to the Central Bank of Russia, the volume of loans given by Credit Ural Bank to sole traders despite overdraft account has gone down by 97.60159% (from 95.605m RUR to 3.293m RUR) in January-September 2006.

Chelyabinsk Electrode Plant is going to hold an extraordinary general meeting on January 23, 2007 The points on the agenda include approval of the new edition of the company’s Charter and of the Provision on the company’s sole executive body. The shareholders will also consider the early termination of powers of the Board of Directors, electing the new Board and the new inspection committee.

The representatives of Metallurgcial Industrial Complex of Nizhniy Tagil (part of Evraz Group), of the town council and of the regional healthcare bodies took part in the preliminary examination of the division of Eye Microsurgery, one of Russia’s best eye clinics, in Nizhniy Tagil. The construction began in January 2006 and was fully financed by Evraz Group. This was part of the project referred to as Tagil Is Our Home developed by Evraz to support the regions where its enterprises operate. The Tagil division of Eye Microsurgery is located right in the centre of the town (Lenin Ave.) This is

Governor of Sverdlovsk Region Eduard Rossel hosted the group of Hungarian officials headed by the Ambassador Extraordinary and Plenipotentiary of the Republic of Hungary to Russia Sekei Arpad on November 15, 2006. In the course of the meeting the Governor emphasized the fact that Sverdlovsk Region was interested in setting up a Hungarian trade house and a consulate in the mid-Urals. The two parties’ cooperation in the field of energy-saving technologies, construction, production of medicines and medical equipment and tourism would be very fruitful. The plant of Uraltransmash has everything

According to the Central Bank of Russia, the volume of call loans given by UralTransBank to natural persons has gone down by 59.4% (from 659m RUR to 267m RUR) over ten months of 2006.

According to the Central Bank of Russia, the volume of deposits and other investments placed by non-resident natural persons with Credit Ural Bank for a term of 181 days to 1 year has gone down by 79.245284% (from 371,000 RUR to 77,000 RUR) over the nine months of 2006.

According to the Central Bank of Russia, the volume of deposits and other investments placed by natural persons with Uglemetbank for a term of 91 to 180 days has gone down by 3.054955% (from 37.931m RUR to 35.116 RUR) over the nine months of 2006.