UrBC, Yekaterinburg, July 12, 2018. The Ural Bank for Reconstruction & Development (UBRD) recently scored very well in the rating of banks with best cash and settlement terms for SMEs. According to the bank’s press service, the bank came second in Markswebb’s rating of banks with best terms and conditions for b2b customers and retailers. The bank doesn’t charge a business any commission for the transferral of paychecks to the employees’ accounts; nor is there a fee for applying for and using the e-banking services. The bank’s b2b customers based in Moscow and Moscow Region only pay RUR

UrBC, Chelyabinsk, July 12, 2018. More than 10,000 employees and former employees of ChelPipe Group and their families got together in Chelyabinsk and Pervouralsk to take part in the festive events dedicated to Metallurgist’s Day, the Group’s press service reports. ‘Dear fellow co-workers, dear former employees, it is with all my heart that I congratulate you on Metallurgist’s Day! We are mastering new product types, taking part in important projects, and introducing new technologies to ensure the very best quality of our pipes. Every single one of you has contributed to the Group’s overall

UrBC, Magnitogorsk, July 12, 2018. A group of delegates from a number of Russian Chambers of Commerce & Industry arrived in Magnitogorsk to participate in the local CCI’s anniversary celebrations and went on a guided tour of Magnitogorsk Iron & Steel Works (MMK); the delegates were greatly impressed with the plant’s tech advancements, MMK’s Information & PR Department reports. Vice President of Russian Chamber of Commerce & Industry Dmitri Kurochkin, commissioner for liaising with constituency-level CCIs Boris Ozerov, and presidents of local CCIs within Ural Region all paid a

UrBC, Yekaterinburg, July 12, 2018. EVRAZ Holding is acting as the strategic parter for Innoprom International Industrial Exhibition once again this year; the event takes place at Yekaterinburg EXPO on July 9-12, 2018. ‘EVRAZ Vice President and head of the holding’s Ural branch Denis Novozhenov and Managing Director of EVRAZ Nizhniy Tagil Integrated Metallurgical Works and EVRAZ Kachknar Ore Mining & Processing Enterprise both visited the site on the exhibition’s opening day,’ the holding’s press service reports. ‘We see Innoprom as an important event that features quite a few innovations

UrBC, Magnitogorsk, July 12, 2018. Magnitogorsk Iron & Steel Works (MMK) selected its Supplier of The Year 2017, MMK’s Information & PR Department reports. The contest aims to distinguish and encourage the company suppliers and help them focus on ongoing performance improvement programs. The contest has been coordinated for the third year in a row; the awarding ceremony at MMK plant office’s conference hall, was attended by the company Director-General Pavel Shilyayev. ‘MMK is doing business with some 1,700 suppliers, and our relations with these partners are seen as one of the key

UrBC, Yekaterinburg, July 11, 2018. Rosset’s Federal Grid Company United Energy Systems completed its overhaul of the 63 MVA power transformer unit at 220-kilowatt Pangoda Substation in Yamalo-Nenetsky Autonomous District. According to FGC UES’s Western Siberia branch, the unit’s stable performance is crucial to the power supply to Gazprom’s oil and gas deposits in the north and to end users in Nadym and Pangoda. ‘The repairs involved a series of high-voltage tests, a check of the transformer unit’s active parts and the cooling system, replacing the rubber seals and fittings, a check of

UrBC, Yekaterinburg, July 11, 2018. Ural Airlines is taking part in Innoprom 2018 International Industrial Exhibition for the ninth time this year; the exhibition is held in Yekaterinburg through July 12, the air carrier’s press service reports. This year, the airline went along with the event’s theme (Digital Production) and presented its updated booking system that is now used on the company website www.uralairlines.com, the new services available within UralAirlines mobile app, and the new Oracle-based Airline Data Model platform that ensures better passenger service. Ural Airlines’ stand

UrBC, Yekaterinburg, July 11, 2018. ChelPipe Group and the state-run organization RusEduFund signed a cooperation agreement at Innoprom 2018 Exhibition in Yekaterinburg. The agreement was signed by ChelPipe Chair of the BOD Andrei Komarov and the foundation’s Director-General Marina Rakova. According to ChelPipe Group’s press service, the agreement is expected to promote the development and launch of advanced educational projects as well as support children’s tech development and the Russian youth’s R&D efforts. One project will be dedicated to setting up a children’s tech park in

UrBC, Magnitogorsk, July 11, 2018. MMK Group’s Ogneupor completed the overhaul of its Rotary Furnace 2 at the Chamotte Ware Department ahead of schedule, MMK Group’s Information & PR Department reports. The department in question makes chamotte that is used for making refractory items. The overhaul began as early as the end of April and was to have been completed in forty-five days, but everything was actually ready by June 5. The plant provided enough chamotte beforehand to supply to Magnitogorsk Iron & Steel Works (MMK), the main customer of refractories, and to the external

UrBC, Yekaterinburg, July 11, 2018. Rosstandart imposed RUR 28m worth of fines on Russian filling stations in the first half of the year — all of them to do with poor quality fuel, head of Rosstandart Alexei Abramov told reporters at Innoprom Exhibition. ‘It took us quite a while to convince everyone that turnover-based fines would solve the fuel market’s problem. And it looks like we hit the nail on the head,’ Abramov said. According to Abramov, this year’s fines already exceeded the overall amount imposed on offenders in 2017. Shell had to pay the largest fines, as three of its stations had

UrBC, Magnitogorsk, July 10, 2018. Magnitogorsk Iron & Steel Works’ (MMK) steel-smelting facility was set up eighty-five years ago this month, the company’s Information & PR Department reports. ‘The plant’s first open-hearth furnace produced its very first batch of steel on July 8, 1933. This marked the beginning of MMK’s steel-smelting plant that came to play a big part in the company’s history and also added quite a few glorious pages to the entire country’s chronicles,’ MMK says. MMK’s steel was used for construction projects of the first Soviet five-year plans, for making shells

UrBC, Yekaterinburg, July 10, 2018. Ural Airlines will be operating additional flights from Yekaterinburg to Blagoveshchensk and back between July 6 and September 16, 2018; the flights will be operated every Friday and Saturday, the air carrier’s press service says. You can also reach Blagoveshchensk from Moscow, with a stopover in Yekaterinburg: Moscow-Yekaterinburg-Blagoveshchensk flight will be operated every Saturday between July 14 and September 20, 2018. ‘Blagoveshchensk is one of the socially important destinations alongside a number of other cities and towns in Russia’s Far East.

UrBC, Yekaterinburg, July 10, 2018. The Ural Bank for Reconstruction & Development (UBRD) recently reduced its business loan refinancing rates, so borrowers can now apply for a refinancing scheme at only 9.5% a year. The refinancing limit stands at RUR 30m, with the repayment period of up to five years. However, the repayment period can get extended in some cases. You can provide your real estate, automobiles, and other assets (excluding actual goods) as loan security. The offer only holds for three months between July 2 and September 30, 2018. This refinancing option is one way to

UrBC, Yekaterinburg, July 10, 2018. EVRAZ Holding’s Nizhniy Tagil Integrated Metallurgical Works (NTMK) coordinated an environmental guided tour of its production premises for the town locals. According to the company press service, the plant got visited by Nizhniy Tagil Duma deputies, representatives of environmental and civic organizations, employees of local industrial enterprises, and local medical clinics’ staff. The visitors got to look at the new Blast Furnace 7 and the plant’s converter and wheelband-making departments and met the plant’s Managing Director Alexei Kushnarev. There was

UrBC, Magnitogorsk, July 10, 2018. Magnitogorsk Iron & Steel Works (MMK), Chelyabinsk Region’s Investment Development Agency, RusFoundryConsult, and the Czech Republic’s SEEIF Ceramic, a. s. signed a cooperation agreement during Innoprom 2018 International Industrial Exhibition in Yekaterinburg. According to MMK Group’s press service, the agreement was signed by MMK Director-General Pavel Shilyayev, Chelyabinsk Region’s Investment Development Agency’s Director Alexei Bobov, RusFoundryConsult’s Director Maxim Sudakov, and Director of SEEIF Ceramic Tomáš Stoszek. ‘The agreement covers a

UrBC, Yekaterinburg, July 9, 2018. ChelPipe Group is going to take part in Innoprom 2018 International Industrial Exhibition in Yekaterinburg on July 9-12, the company press service reports. The Group’s shareholders Andrei Komarov and Alexander Fedorov and Managing Director of member enterprise Pervouralsk New Pipe Plant Alexei Dronov will represent their company at the event. The goal is to have talks with government officials and business community members, sign a number of non-profit cooperation agreements to do with educational projects, and contribute to the event’s business agenda. For

UrBC, Moscow, July 9, 2018. The difference in the average incomes of Russia’s richest and poorest nationals keeps decreasing for the second year in a row; it amounted to 15.3 times at the end of last year, head of Rosstat Alexander Surinov told Rossiyskaya Gazeta. According to Surinov, the difference was as 15.7 times in 2015 and 15.5 times in 2016. He also said 13.2% of Russians were living on less than a minimum daily wage by the end of 2017.

UrBC, Yekaterinburg, July 9, 2018. The Bank of Russia is going to coordinate a series of trainings for small and medium enterprises this July, the Central Bank of the Russian Federation’s Ural branch’s press service reports. The workshops will be delivered at the site of Innoprom 2018 International Industrial Exhibition on July 12, 2018. ‘Experts from the Bank of Russia, Sverdlovsk Region Ministry for Economics & Territorial Development, the Business Development Foundation, Moscow Exchange, and a number of for-profit banks, micro-financing institutions, and insurance companies will speak

UrBC, Moscow, July 9, 2018. Russia imported 14.7% more goods from non-NIS member states in the first half of the year compared with one year previously, the Federal Customs Service reports. ‘Based on our preliminary statistical data, the import of goods from the EU, the United States, and other non-NIS member states amounted to $103.237bn in January-June 2018, which exceeds the figures for one year earlier by 14.7%,’ the service says. As for June 2018 alone, the imports from the non-NIS member states amounted to $18.871bn, which is 3.6% more than in May 2018 and 5.6% more than in June 2017.

UrBC, Yekaterinburg, July 9, 2018. The demand for plane tickets to Russian cities hosting the World Football Championship 2018 games rose by 6% on average and as much as tripled for certain destinations during the championship days, the flight aggregator Aviasales’ press service reports. ‘It was determined with certainty that the price of air travel to Saransk, Volgograd, Kazan, Yekaterinburg, Nizhniy Novgorod, Kaliningrad, and Samara got affected by football events. One day before or on the day of a game scheduled to take place in a certain location, customers searched for plane tickets to