According to the Central Bank of Russia, the arrears of credit payments by natural persons to Ural Treasures Bank CJSC went up by 22.747 million RUR (from 104.908 million to 127.655 million) throughout January 1, 2006 to May 1, 2006.

Commission of the Central Administrative Board of Ministry of Emergency Management in Sverdlovsk Region has completed a complex testing of Kachkanar urban district, which is to be done every five years. The commission audited all the records of Ore Mining and Processing Enterprise of Kachkanar (member of Evraz Group), verifying their compliance with the Ministry of Emergency Management standards. Within the testing framework, training in terrorist act prevention was arranged as well; this was directed at determining the degree of preparedness of the local civil defense headquarters, rescue

Ural Turbine Works CJSC (part of Renova Group) resumed management-employee meetings this June, reports the company’s spokesperson. After he’s got acquainted with the production process and made a number of personnel changes, the new General Director Vitaliy Nedelskiy has been presenting the employees with the company’s prospective development strategies and set the new goals for achieving the best management structure. Face-to-face interaction with the employees is also maintained by the company’s Deputy Director for Manufacturing Contracts Management Andrei Koshelev, Deputy Director for

Six pilots of Ural Airlines JSC were allowed to fly Airbus-320 aircraft, reports the company’s spokesperson. The pilots have been fully trained by the company’s experts and flew enough instructional flights in order to be given permission for performing flights on their own. Not only the captains selected to fly the planes but also the other members of the crew, including the flight attendants, had to undergo special training and were allowed to work on the aircraft.

‘We are currently not interested in the dramatic widening of our client network. If, for whatever reason, our subscribers happen to be unhappy with Utel service, then, according to the existing legislation, we can simply cancel our agreements,’ Deputy GD of Uralsvyasinform JSC (Utel’s owner) Andrey Belobokov announced at the press conference yesterday. According to Mr Belobokov, the company is trying to raise its profits rather than increase the number of subscribers as 90% of the company’s clients are quite active users of the service. ‘We are not organizing any promotion events to attract

‘To date, the only regional company licensed for selling electricity to private consumers is Magnitogorsk Power Engineering Company,’ said Vladimir Skovorodkin, Head of Technological and Ecological Supervision Department of Rostekhnadzor Chelyabinsk Regional Administration during the recent meeting of Social and Labour Relations Adjustment Committee. ‘Chelyabenergosbyt JSC was refused the licensing due to some primary inadequacies to licensing requirements. Yet the company keeps selling electricity without a license for selling electricity to private consumers,’ Mr Skovorodkin said.

Ural Turbine Works CJSC signed a contract with Interdex providing for the acquisition of some spare parts for Т-100/120-130-3 Ural-made steam turbine by the Croatian company. Interdex is going to renovate the turbine, which is why they decided to negotiate a contract worth approximately $4 million, reports the spokesperson for Ural Turbine Works CJSC. ‘This is our company’s second contract with Interdex, preceded by the contract in 2005. We are currently negotiating on supplying spare parts for Gyandzhinskaya heating plant of Azerbaijan, KievEnergo of the Ukraine, Ferganskaya heating plant of

On June 22, 2006, Magnesite Group Ltd., which issued a loan on debentures guaranteed by Magnesite Industrial Group JSC in December 2005, made the first coupon payment of 73.680 million RUR, the company’s spokesperson said to UrBC representative. The list of bondholders was finalized on June 13, 2006; this list included both investors who took part in the initial auction and the new ones who bought the bonds on the market. Since the beginning of their life cycle, the securities issued by Magnesite Group Ltd. have been in great demand: the weighted average price came to 101.5% of the face

During the AGM of Siberia Airlines JSC, the company’s executives reported the key results of its business activity in 2005. Deputy GD for Production Alexander Windermut presented the annual report. In 2005, the revenues coming form the services rendered by Siberia Airlines reached the point of 19.652 bn RUR, with their prime cost coming to 18.766bn RUR. TL is estimated at 1.101bn; the investment cost directed at maintaining the western aircraft came to 566 million, pilot training (the staff had to learn to drive western palnes) required 93 million. Within last year, the company performed

The Board of Directors of TGK-9, the power generating company, decided on ENPI Consult CJSC as the independent appraiser for movables and real assets of Reftinskaya, Sredneuralskaya, and Verkhnetagilskaya water power plants. The assessment is needed to sell the first two to OGK-5 and the third one to OGK-1, reports the spokesperson for SverdlovskEnergo JSC. ENPI Consult CJSC will also assess the movable property of Sverdlovsk Region subsidiary of TGK-9, preceding the acquisition of the subsidiary by SysOp UES JSC in Sverdlovsk Region (a company fully owned by RAO UES of Russia).

Abakanskiy subsidiary of Evrazruda JSC, Russian ore maker and part of Evraz Group, put into operation a modern TSR-4 gig at its Vozdukhovydayuschiy groove. This gig provides for the second bucket hoisting from the floor of -200 meters. All the assembling (which took a year to complete) was performed by the company’s technicians. The second bucket hoisting will allow to raise the muck output and, for the time being, could be used as the emergency exit. In addition, the stationary extra lift with cage windingклетьевой подъем in Kletyevoy groove will have been introduced by 2007. It is expected

Yesterday, Siberia Airlines JSC held the annual general meeting attended by the shareholders who possess 89.88% of the total voting stock. The points on the agenda included approving of the annual report for 2005 and of the annual accounting report, including the profit and loss statement and profit and loss distribution. The shareholders also considered the rate, the terms, and the format for dividend payments for 2005, elected the inspection committee and the company’s auditor. The attendees elected nine Board Members: V.F. Filev (GD of Siberia Airline JSC), N.V. Fileva (GD of S7 Group

According to the Central Bank of Russia, the volume of loans given to NGOs and non-profit organizations by Ural Treasures Bank CJSC for a term of one to three years throughout January to May 2006 decreased by 100% (from 14.5 million RUR to zero).

Oleg Bochkarev, head of Electromachine JSC, was appointed General Director of Electromachine ScientificProduction Association, a defense holding, the spokesperson for Chelyabinsk Region Defense Industries Association said to UrBC representative. The newly fledged holding includes Electromachine JSC, Rotor Production Association, Turbine Production Association, and Chelyabinsk Aggregate Plant.

On June 26-27, 2006, Beloyarskaya power station was visited by a group of Japanese executives from PESCO and JAEA. The visit was paid within the framework of Russian-Japanese cooperation in creating uranium-plutonium nuclear MOX fuel. In the course of the visit, the parties discussed organization of cooperative scientific research concerning manufacturing and radiation treatment of MOX fuel in fast reactors. Beloyarskaya power station plans to construct an innovative fast reactor BN-800 by 2012, as well as a trial commercial power-generating unit using fast reactor BN-1800 by 2020.

Alexander Pelevin, GD of Mechanical Engineering Plant JSC of Miass, is leaving for another position. This was reported to UrBC representative by the company’s spokesperson. Oleg Biushkin is now going to fulfill the duties of the company’s GD.

Evrazruda JSC awarded a number of corporate grants to some institutions of general education located in the settlements of Krasnoyarsk Territory and Khakasia covered by the company’s branch network. Likewise, the grants were given to the students and teaching staff. Thus, a grant of 0.1m RUR is awarded to the secondary school No. 50 located in the town of Abaza (Khakasia) for the realization of measures directed at creating the optimal conditions for improving the quality of education. Two teachers of this school were awarded grants of 20,000 RUR each. Six students were awarded grants of

On June 23, 2006, the awarding ceremony for the winners of Taxpayer of the Year National Award took place in Moscow. The personnel of Magnesite Industrial Complex JSC were among the winners. The Taxpayer of the Year award is aimed at promoting the legal conscience of Russian entrepreneurs and building the idea of taxpaying as the natural norm. The event is supported by the Russian Federation Chamber of Accounts, the State Duma Budget and Taxes Committee, and United Russia. The award is expected to make the responsible taxpayers and companies that do their duty to improve the regional and

‘The Board of Directors of TGK-9, the power generating company, decided to start constructing Novo-Bogoslovskaya heating plant (capacity of 200 megawatt) in Sverdlovsk Region and Novo-Beresnikovskaya heating plant (capacity of 80 megawatt) in Perm Region in the third quarter of 2007,’ reports the spokeperson for SverdlvoskEnergo JSC. The plants are expected to be put into operation in 2009. TGK-9 also hopes to start renovating Permskaya heating plant No. 6 in the first quarter of 2007. The renovation should have been completed by 2008.

‘The special K department of Sverdlovsk Region Internal Affairs Administration in Yekaterinburg keeps finding the copyright offenders in the filed of software products. Since the beginning of the year, the investigations have resulted in two criminal lawsuits and one administrative one based on unlicensed use of Microsoft programs,’ Information and Public Relations Director of the Administration Valeriy Gorelykh said to UrBC representative. The total damage is estimated to come to 22,000 RUR. Similar investigations are also taking place in Ural Federal District. In Chelyabinsk, for instance,