UrBC, Yekaterinburg, June 8, 2017. ChTPZ Group is going to deliver a set of weldless, stainless steel pipes for Belenergomash, the company press service reports. The pipes are meant for pipelines servicing power-generating units 3 and 4 of Koodankulam Nuclear Power Plant in India. The pipes are expected to get shipped in the third quarter of the year. Under the terms of the contract, the Group is to supply the customer with 80,000 kg of pipes (diameter: 325 to 426 mm; layer thickness: 12 to 16 mm) made from corrosion-resistant steel and with enhanced surface quality. By customer’s order, all

UrBC, Yekaterinburg, June 8, 2017. The Ural Bank for Reconstruction & Development (UBRD) now offers small and medium enterprises leasing options within its loan offers package, the bank’s press service reports. ‘Leasing is no longer an exotic financing option for small and medium enterprises. Our businesses have come to realize that its simplicity, affordability, and efficiency allow them to keep their facilities well equipment in compliance with the market demands. The repayments can be very flexible, and companies can also save money through tax reliefs,’ the press service says.

UrBC, Yekaterinburg, June 8, 2017. The average asking price currently comes to 66,357 RUR per m2 on Yekaterinburg existing home market, which is 0.6% less than four weeks earlier and 13.5% less than in February 2015, Ural Real Estate Chamber’s analytical report states. Prices declined most noticeably in the city’s fourth priciest districts, with the average asking price at 55,608 RUR per m2 (-0.9% on four weeks perviously). Centrally located apartments grew 0.8% less expensive, down to 93,663 RUR per m2, and those in Yekaterinburg’s second and third priciest locations grew 0.4% and 0.5%

UrBC, Yekaterinburg, June 8, 2017. Sverdlovsk Region’s retail trade turnover amounted to 335.2bn RUR on January-April 2017, which was 4.5% less than one year earlier, in comparable prices, Sverdlovskstat reports. Also, the Mid-Urals’ catering industry’s turnover reached 15.7bn RUR, which was 10.3% below January-April 2016, in comparable prices.

UrBC, Yekaterinburg, June 7, 2017. Sverdlovsk Region Legislative Assembly deputies adopted a report on the implementation of the constituency’s budget for the year 2016, Governor of Sverdlovsk Region’s Information Policy Department reports. Governor Kuivashev called for a more efficient use of budget funds and brining the budget deficit down. ‘Last year’s budget had to be utilized under unstable economic circumstances and hardly predictable external factors at play. Still, we managed to keep it balanced and to meet all of last year’s obligations such as social welfare payments and investments

UrBC, Yekaterinburg, June 7, 2017. Ural Airlines are introducing additional flights from Yekaterinburg to Sochi and Simferopol and back, the air carrier’s press service reports. Flight U6 527/528 (Yekaterinburg-Simferopol) will be operated between June 10 and October 1, 2017. Also, as many as twelve Yekaterinburg-Sochi flights will be operated weekly this June. Flight U6 523/524 will be available at the weekends (June 17,18, and 25). Throughout the summer, Ural Airlines offer daily flights from Yekaterinburg to the South of Russia. For more information on the available departure times and in

UrBC, Yekaterinburg, June 7, 2017. The Ural Bank for Reconstruction & Development (UBRD) announced an unscheduled buy-back offer on its BO 05, ISIN RU000A0JTVE3 bonds. The bank promises to buy the bonds back from any holder on June 8, the bank’s press service reports. The BO 05 series (coupon period: 182 days; face value: 2bn RUR all in all) was issued on April 19, 2013, with circulation period through April 10, 2020. The bank also went through with an additional 1bn RUR share issue of the same series in September 2016. The decision relating to the buy-back offer was taken by the bank’s

UrBC, Yekaterinburg, June 7, 2017. 765,000 m2 of new housing got put up in Ural Federal District in the first quarter of the year, which was 34.1% less than one year earlier, Sverdlovskstat reports. Most of these new apartment buildings were put up in Sverdlovsk and Chelyabinsk Regions (231,500 m2 and 223,800 m2, respectively). Also, private builders put up 296,200 m2 worth of detached houses, with most of these based in Sverdlovsk and Tyumen Regions (136,800 m2 and 80,200 m2, respectively).

UrBC, Moscow, June 7, 2017. The Ural Bank for Reconstruction & Development (UBRD) is launching a series of entertainment workshops for children living in foster homes and giving out some gifts this June in celebration of International Children’s Day, the bank’s press service reports. The bank’s Children Believe in Miracles Program covers a children’s play where the main character presents different professions and talks about why finding the job you love is so important. UBRD PR Director Elina Kuschenko says the children will also be given custom-made coloring books created with the help

UrBC, Yekaterinburg, June 7, 2017. Russia’s air carriers incurred some 10bn RUR in losses last year (compared with 8.5bn RUR one year previously), Kommersant refers to President of the Russian Air Transport Operators Assotiation Vladimir Tasun as stating. Most of the losses still have to do with the domestic flights segment (33bn RUR in 2016 against 44.9bn RUR in 2015). The profit made through international flights couldn’t offset the losses in the domestic flights segment as it only amounted to 23bn RUR (down 37% on the year 2015). At the same time, the overall number of domestic flights

UrBC, Yekaterinburg, June 6, 2017. Governor of Sverdlovsk Region Evgeny Kuivashev held talks with President of Boeing International Marc Allen, President of Boeing Russia/CIS Sergey Kravchenko, and India’s Commerce and Industry Minister Nirmala Sitharaman at Saint Petersburg International Economic Forum 2017. ‘Boeing representatives confirmed once again our plans to work on a second Ural Boeing Manufacturing Plant in our Titanium Valley. Besides, we also intend to work together in the field of education, and I’m positive this project will take off very soon after a brief discussion. More

UrBC, Yekaterinburg, June 6, 2017. Sinara Group, Siemens AG, and Federal Passenger Company signed a memorandum of intent to capture a contract for the production of long-haul Lastochka trains, Sinara Group’s PR Center reports. The document was signed at Saint Petersburg International Economic Forum; the ceremony was attended by President of Russian Railways Oleg Belozerov, President of Siemens AG Joe Kaeser, and President of Sinara Group Dmitri Pumpyanski. Federal Passenger Company’s Director-General Petr Ivanov, Sinara Group’s Mikhail Khodorovsky, and Director of Siemens Mobility Jochen

UrBC, Yekaterinburg, June 6, 2017. Representatives of the Natural Resources Committee’s local division, Novokuznetsk’s Prosecutor-General for environmental issues, social activists, and reporters all went on a tour of EVRAZ Holding’s West-Siberian Integrated Metallurgical Works (ZSMK) within the framework of the Environmental Troopers Project, EVRAZ Holding Siberia’s Corporate Relations Center reports. Visitors to the plant could take a look at the company’s current environmental protection programs at work and learn about the measures taken to conserve local bodies of water, reduce harmful

UrBC, Yekaterinburg, June 6, 2017. One of the world’s largest OCTG manufacturers Pipe Metallurgical Company (TMK) went through with a 10bn RUR bond issue at Moscow Exchange on June 2, 2017. The bonds are to be in circulation for a decade, TMK press service reports. The plan is to pay the bond holders bi-annual coupon yields at 9.35% a year, with a buy-back option in four years within the date of issuance. The bond issue was coordinated by Alfa-Bank, ATON, VTB Capital, Gazprombank, BrokerCreditService Company, Sovcombank, and UniCreditBank. VTB Capital acted as the placement agent for the

UrBC, Yekaterinburg, June 6, 2017. Russian Copper Company’s Kyshtym Copper Electrolysis Plant (KMEZ) in Chelyabinsk Region is working on a new site to host two additional sets of electrolysis baths. ‘We had to pull down the existing columns and cross bars, remove flooring and excess soil, and shift the existing ventilation system from the place where the baths should be. Next, we have to lay the foundation for the support beams that will back up the new technological equipment,’ the company press service reports. The extra electrolysis baths will mean the company’s transformer substation will

UrBC, Yekaterinburg, June 5, 2017. Governor of Sverdlovsk Region Evgeny Kuivashev contributed to signing an agreement between Russian Railways and Sverdlovsk and Chelyabinsk Regions to put up a high-speed railroad between Yekaterinburg and Chelyabinsk, Governor of Sverdlovsk Region’s Information Policy Department reports. The agreement was signed during Saint Petersburg International Economic Forum 2017 by Governor Kuivashev, Governor of Chelyabinsk Region Boris Dubrovsky, and President of Russian Railways Oleg Belozerov. ‘We expect the project to increase traffic capacity dramatically,

UrBC, Yekaterinburg, June 5, 2017. Russian Copper Company set up workout sites and workout parks in four Chelyabinsk Region-based towns, the company press service reports. The largest-scale opening ceremony took place in O.I. Tischenko Park in Chelyabinsk on June 1. The new sports playground here meets all the international requirements for workout championships. The parallel and vertical bars, jumping fixtures, climbing appliances and all the other equipment units as well as up-to-date shock-absorbing flooring, bag and clothes hooks, trash bins, and information stands all offer the comfort

UrBC, Yekaterinburg, June 5, 2017. ChTPZ Group and Russia’s Industry & Trade Ministry signed a cooperation agreement at Saint Petersburg International Economic Forum 2017, the Group’s press service reports. The document was signed by Deputy Industry & Trade Minister Vassily Osmakov and Director of the Group’s pipe-manufacturing division Alexander Grubman. The two parties agreed to help promote and popularize blue-collar jobs and dual-education system and to help provide metallurgical and machine-building enterprises with skilled workers. The Group and the ministry will coordinated

UrBC, Yekaterinburg, June 5, 2017. Gazprom’s top executives held an off-site meeting with representatives of Russia’s metallurgical and machine-building enterprises during a recent forum in Saint Petersburg. According to Sinara Group’s press service, Gazprom’s Chair of the Board Alexei Miller also paid a visit to their exhibition stand to look at Sinara Transport Machines’ promising developments in the field of energy-efficient locos and engines that run on natural gas. The agreement to use natural gas as fuel for their rolling stock and locos was signed by Gazprom, Russian Railways, Sinara

UrBC, Yekaterinburg, June 5, 2017. SKB-Bank made it to the list of Sverdlovsk Region’s ten largest banks in terms of asset growth with its 109.4bn RUR, the bank’s press service reports. Being featured in Kommersant’s rating mainly has to do with the bank’s impressive consumer loan book (over 62bn RUR by May 2017) that is currently among the three largest ones in the entire country (excluding the banks operating in Moscow and Saint Petersburg). Kommersant’s analysts report the banking sector has been recovering visibly and gradually but very slowly. According to the Central Bank, ‘private