The shareholders of UralAutoPritsep decided to use the company’s profit made in 2005 to make up for the previous losses. This decision was made in the course of the annual general meeting that took place in Moscow on June 23, 2006. The meeting was attended by the shareholders and their authorized representatives who possessed 2,407,567 votes, or 85.8% of the company’s voting stock. The shareholders approved of the company’s annual report, the accounting report, including the P&L statement, and agreed to the recommendation made by the Board of Directors (the Board suggested using the

Experts of NSK-Novokuznetsk Ltd. and technicians from the processing shop of Abagurskiy sintering plant (subsidiary of Evrazruda JSC, an ore maker and part of Evraz Group) started the 25-day overhaul of their No. 3 ore-handling bridge, which should include renovation of the hardware, reports the spokesperson for Evraz Group. The cracks in the bearing structures are to be given additional welding, and the structures themselves will be fortified, with the weak screws replaced by some high-strength ones. The overhaul also provides for a full examination of the parts with replacement of the

The shareholders of Magnitostroy JSC agreed to pass a dividend for 2005; the decision was made at the annual general meeting on June 30, 2006. The meeting was attended by 731 shareholders possessing 284,936 votes, or 86.2% of the company’s voting stock. The shareholders approved of the company’s annual report, the accounting report, including the P&L statement, and agreed to the recommendation made by the Board of Directors concerning the profit and loss distribution; thus, they decided to pass the ordinary share dividend. The participants of the meeting elected nine Members of the Board:

According to the Central Bank of Russia, UralTransBank JSC has given 29% less money in the form of credits to nongovernmental commercial organizations for a term of 31 to 90 days in the first six months of 2006: the total sum has gone down from 259.966 million RUR to 184.669 million. As has previously been reported, the volume of loans given by the bank to nongovernmental commercial organizations for a term of 31 to 90 days went down by 17% (from 259.966 million to 215.919 million RUR) in January to May 2006.

Former Administrative Director of Yekaterinburg subsidiary of Alpha Bank JSC Oleg Nuyanzin was appointed CEO, reports the spokesperson for Alpha Bank. Mr Nuyanzin will now have to deal with both administrative and managerial issues. He has been working for the bank since 1992 as the Chief Accountant, Member of the Board, Deputy Chairman of Alpha Bank Ukraine, Deputy CEO of Alpha Bank in Saint Petersburg, and CEO of Alpha Bank in Novosibirsk.

Uraltrac Ltd. has produced 2,638,300,000 worth of goods since the beginning of 2006. The plant has also produced 814 engineer vehicles worth 1,513,014,000 RUR, including 125 tractors, 46 pipelayers, and 627 ripper-dozer units. Throughout January to June 2006, the plant has shipped 3,043,220,000 RUR worth of goods and sold 823 engineer vehicles worth 1,772,568,000 RUR, including 759 tractors and T-10-based units and 38 ripper-dozers, the company’s spokesperson said to UrBC representative.

Excavator Plant of Zlatoust Ltd. assessed its success in six months of 2006. Throughout January to June 2006, the plant has produced 193 items of equipment. According to the spokesperson for the company’s Marketing Department, they have also managed to start mass production of some new kinds of housing services equipment, loader-diggers, and excavators.

Due to lack of profit, the shareholders of Chelyabinsk Airport JSC decided to pass dividend for 2005 in the course of the annual general meeting on June 21, 2006. The meeting was attended by shareholders possessing 82.1113% of votes. The shareholders approved of the company’s annual report, the accounting report, including the P&L statement, and decided not to distribute the non-existent profit and to declare a zero dividend. The participants of the meeting elected the Members of the Board: Vera Evsyukova, Alexander Merten, Viktor Mironenko, Sergey Solntsev, Alexei Savchenkov, Alexander

Chelyabinsk power generating company JSC is going to hold AGM via absentee voting on July 24, 2006. The only point on the agenda is the one of reorganizing the company by merging with Tyumen Regional Generating Company JSC (alongside with TGK-10), with the following approval of the corresponding agreement and of the deed of assignment. The list of shareholders allowed to take part in the decision-making process was complied according to their status as of June 8, 2006. According to the company’s spokesperson, this extraordinary meeting is one of the steps taken to set up a united enterprise

First Deputy Head of Sverdlovsk Region Government and Minister for Industry, Power Engineering and Science Vladimir Molchanov met Vice President of DUFERCO S.A. Antonio Gozzi to discuss the possible projects the Italian holding could work on in Sverdlovsk region. The meeting was also attended by Pierre Paolo Greco (representative of Governor of Liguria), Minister for International and Foreign Economic Relations of Sverdlovsk Region Viktor Koksharov, and Director of Governor of Sverdlovsk Region Investment Support Fund Vladislav Klabukov. Mr Molchanov suggested investing into the power

In the first six months of 2006, Asha Metallurgical Works JSC has already produced 3,313,544,000 RUR worth of goods, which exceeds the figures for the period of January to June 2005 by 5.1%. The company produced 316,482 tons of steel (an increase of 2.7% compared to a year earlier) and 234,632 tons of rolled metal (an increase of 7.2%). The plant has produced 31,013.36 kilograms of amorphous tape and 729,100 magnetic conductors throughout January to June 2006, the company’s spokesperson said to UrBC representative.

Yestyuninskaya mine of Vysokogorskiy ore mining and processing enterprise (part of Evraz Group) has recently assessed the productivity of the additional oil containment device installed at the water outfall: the device has already managed to reduce the oil content in the wastewater by 23%. The system was installed in the fall of 2005 and is made up of a coke-filled iron box; due to its sponginess, the coke can absorb the oil. Using this device provides for higher quality decontamination of mine water; its effectiveness is normally assessed by means of taking and comparing two samples of

Uraltrac Ltd. produced 475,480,000 worth of goods in June 2006, which is 4.9% less than had been planned. The plant also produced 154 engineer vehicles worth 281,820,000 RUR, including 28 tractors, 13 pipelayers (which is 30% more than had been planned), and 113 ripper-dozer units (9.6% less than had been planned). The plant shipped 605,890,000 RUR worth of goods (which means a 94.8% achievement of the plan) and sold 164 engineer vehicles worth 369,824,000 RUR, including 148 tractors and T-10-based units and 10 ripper-dozers, the company’s spokesperson said to UrBC representative.

First Deputy Head of Sverdlovsk Region Government and Minister for Industry, Power Engineering and Science Vladimir Molchanov and Minister for International and Foreign Economic Relations of Sverdlovsk Region Viktor Koksharov negotiated with a group of Japanese executives from Daiwa Securities Group Inc., Japan Tobacco Inc., Japan Airlines International Co., Ltd., Nyk Logistics & Megacarrier, Yanmar Co., Ltd., Teijin Limited, Toppan Travel Service Corp., and Inpex Corporation. The meeting was devoted to setting priorities in the prospective cooperation of the companies with the

Vysokogorskiy Ore Mining and Processing Enterprise JSC (part of Evraz Group) has recently celebrated its 285th anniversary. The event was attended by the representatives of Sverdlovsk Region Government and the municipal authorities of Nizhniy Tagil, reports the spokesperson for Evraz Group.

SUAL Group, one of the world’s top ten aluminum producers, is to be given a syndicated loan of $600m by BNP Paribas and Citigroup, reports the company’s spokesperson. The money will be used for refunding the credit payment debts (SUAL got a $425-million syndicated loan in June 2005) as well as for financing the company’s trading capital and other corporate needs. The credit conditions are in cull compliance with the flexible borrowing system adopted by SUAL Group, which means that the loan is given for a term of five years, with amortization after a two-year grace period and the annual

According to the Central Bank of Russia, the amount of investments drawn to non-resident natural person accounts in Uraltransbank for a term of 1 to 3 years has gone down by 44% (from 5.158 million RUR to 2.911 million) throughout May to June 2006.

The indebtedness of companies dealing in housing services to SverdlovskEnergoSbyt JSC, the regional energy supplier, has doubled throughout January to June 2006 and reached the point of some 270m RUR. Companies are increasingly trying to become dissolved and then set up some new legal entities and ignore the enormously huge debts rather than pay them. Thus, the municipal unitary enterprise of Tavdinskiy district has recently announced its demise, notwithstanding the seven-million-ruble debt to SverdlovskEnergoSbyt. The question of who is going to pay the supplier is still pending, reports the

Ural Airlines JSC introduced the new service of online booking and home delivery on July 6, 2006. The service is rendered to customers who used the company’s website to book and pay for the plane tickets – this is something new is addition to the already available booking and office delivery. If the company’s clients find it convenient to book online and pay right away, they will be offered a 25% discount from the fare construction unit. One can pay for the tickets using Visa Int., MasterCard Int., and other cards, or using an e-purse, for example, WebMoney, E-port, and Credit Pilot. This new

First Deputy Head of Sverdlovsk Region Government and Minister for Industry, Power Engineering and Science Vladimir Molchanov met Vice President of DUFERCO S.A. Antonio Gozzi to discuss the possible projects the Italian holding could work on in Sverdlovsk region. The meeting was also attended by Pierre Paolo Greco (representative of Governor of Liguria), Minister for International and Foreign Economic Relations of Sverdlovsk Region Viktor Koksharov, and Director of Governor of Sverdlovsk Region Investment Support Fund Vladislav Klabukov. Mr Molchanov suggested investing into the power