UrBC, Yekaterinburg, September 7, 2016. Ural Vagon Zavod Corporation’s Burevestnik Central Scientific Research Institute set up and launched a new production facility, the corporation’s press service reports. The solemn opening ceremony was attended by Governor of Nizhniy Novgorod Region Valeriy Shantsev, Director-General of Nizhniy Novgorod Union of Industrialists & Entrepreneurs Valeriy Tsybanev, Ural Vagon Zavod Deputy Director-General Alexei Zharich, and Ural Vagon Zavod Director for Strategic Development & Investment Dmitri Shkolny. Additionally, the symbolic first stone was laid

UrBC, Yekaterinburg, September 7, 2016. Governor of Sverdlovsk Region Evgeny Kuivashev presented state awards to three employees of EVRAZ Holding’s Kachkanar Ore Mining & Processing Enterprise (EVRAZ KGOK), the company press service reports. Locomotive operator Vladimir Chuplygin and Head of Control/Measuring devices & Automatic Equipment Department Vladimir Shkaradenok received the For the Merit to the Fatherland Medal; locomotive operator Mikhail Beloussov received the title of Honored Transport Worker of the Russian Federation. Vladimir Shkaradenok has worked at the

UrBC, Yekaterinburg, September 7, 2016. The Ural Bank for Reconstruction & Development introduced new express loans for small and medium enterprises in August; the loans can be backed up with real estate as collateral, the bank’s press service reports. Applications are considered within two work days and both the bank’s current and new customers are eligible to apply provided their business has been on the market for at least twelve months. UBRD customers with good credit history can also benefit from the special terms and conditions the bank is willing to offer them: the loan collateral

UrBC, Yekaterinburg, September 7, 2016. A special event called Museum Family Night will be coordinated by Ural Vagon Zavod Corporation in Nizhniy Tagil on September 9 in celebration of the plant’s 80th anniversary. All residents of and visitors to the city are invited to come either alone or with their families, the company press service reports. There will be something to interest people of all ages, from pre-schoolers to retirees. The event will be held in several venues from 6 to 10 PM. For one, a historic re-enactment for the first celebration of Tankman’s Day at Ural Vagon Zavod on

UrBC, Yekaterinburg, September 7, 2016. This year, Russians whose income varies between 50,000 and 100,000 RUR a month started applying for bank loans increasingly more often, United Credit Bureau’s press service reports. This customer segment made up 33% of all the borrowers; a year earlier, the figure stood at as little as 27%. Additionally, the share of loan applicants whose income comes to 100,000 to 200,000 RUR a month also rose from 6% to 8% in the course of one year. The share of applicants with the monthly income of over 200,000 RUR also went up slightly. The share of loan applicants

UrBC, Magnitogorsk, Chelyabinsk Region, September 6, 2016. Magnitogorsk Iron & Steel Works (MMK) saved 230.5m RUR due to various improvement proposals and their implementation in the first half of 2016. This was 7.1% more than one year earlier. ‘Around 3,000 proposals got submitted in the first half of the year, with 2m RUR paid out in royalty fees. Over a quarter of proposals considered by our department committees had to do with job and industrial safety. Approximately 11% of proposals were related to cutting costs and resource spending as well as to increases in energy efficiency,’ the

UrBC, Yekaterinburg, September 6, 2016. Six employees of Ural Vagon Zavod Corporation’s 103 Bronetankovyy Remontnyy Zavod, an armored vehicle repair plant in Chita, received Russian Defense Ministry’s awards, the corporation’s press service reports. The decree to this effect was signed by Russia’s Defense Minister Sergei Shoigu. The plant’s Deputy Executive Director Evgeny Lapshakov, who has been with the company for thirty-one years now, miller Sergei Matvienko (twenty-five years’ work experience at the plant), Senior Technician/Engineer Pavel Zhusman (six years), and repair technician

UrBC, Yekaterinburg, September 6, 2016. AI Machine Learning options offered by the telecommunications provider MegaFon allowed the Ural Bank for Reconstruction & Development to reduce its expected loan loss by as much as 8%, MegaFon’s press service reports. MegaFon and UBRD Group first announced they were going to work together at the Innoprom 2016 International Exhibition in July. MegaFon’s service is now available to two of the Group’s leading institutions, VUZ-Bank and UBRD, and is used to ensure a better estimate of a borrower’s paying capacity and more efficient repayment risk

UrBC, Yekaterinburg, September 6, 2016. EVRAZ Holding’s Nizhniy Tagil Integrated Metallurgical Works (NTMK) is currently getting its pipe shell grinding repair facility retooled and upgraded, the company press service reports. Once all the renovations and improvements have been completed, the pipe shell output is expected to double, with improved product quality and a wider range of produce as accompanying bonuses, EVRAZ Holding states. The retooling involves installing a second pipe shell grinding repair line with a wheel-abrator machine to ensure complete removal of surface oxidation, a

UrBC, Yekaterinburg, September 6, 2016. SKB-Bank is now among the top banks in the Urals and Siberia bank rating for the first half of the year according to Expert-Ural analysts, the bank’s press service reports. The bank was No.1 in terms of asset volume (134.9bn RUR) and own funds (13.9bn RUR). SKB-Bank also issued 65.9bn RUR worth of consumer loans as of July 1, 2016, thus hitting the top of the Mid-Urals-based banks’ rating. Its corporate loan book rose by 16% against last December and reached 13.9bn RUR. SKB-Bank also came second in the rating in terms of amount of money deposited by

UrBC, Yekaterinburg, September 6, 2016. Ural Vagon Zavod Corporation’s Chelyabinsk-based member enterprise Electromachine is going to present some twenty of its new developments at a large-scale overall corporation stand at the Army 2016 Forum, the company press service reports. Power supply systems will serve as this exhibition’s special feature. The plant will be showing its diesel power plants DEA 2, DEA 4K, and DEA 10T that have been used successfully at both Russian and international customers’ facilities. A promising development will be demonstrated for the first time: a rather powerful

UrBC, Yekaterinburg, September 5, 2016. Ural Vagon Zavod Corporation’s TV show UVZ Today got shortlisted for the PROBA-IPRA Golden World Awards. According to the company press service, the show is nominated for the Best In-Company PR Project. The show premiered in March 2014 and is now broadcast on company premises in Nizhniy Tagil, Yekaterinburg, Omsk, Nizhniy Novgorod, Volchansk, Kirov, Yurga, and other towns. The TV studio at Ural Vagon Zavod corporation’s head plant has already produced over a hundred pieces on company news, Russia’s machine-building and defense industry’s development

UrBC, Yekaterinburg, September 5, 2016. EVRAZ Holding presented 150,000-ruble gift certificates to two schools in Nizhniy Tagil and Prigorodny District, Sverdlovsk Region. The money is to be spent on sports equipment for PE classes and extracurricular activities, EVRAZ Holding Ural’s press office reports. ‘One of the certificates was given to a school in Petrokamenskoye, Prigorodny District, on the first day of school. EVRAZ Holding Nizhniy Tagil Metallurgical Works Chair of the Trade Union Vladimir Radayev and EVRAZ Holding Ural Charity Fund Director Elena Raudshtein came to the school to

UrBC, Yekaterinburg, September 5, 2016. Russian Copper Company’s Tominsky Ore Mining & Processing Enterprise can’t start developing Birgildinskoye Deposit in Chelyabinsk Region just yet, the company press service reports. ‘The company was granted the Federal Subsoil Resources Management Agency’s permission to do prospecting surveys and mining in the deposit as early as 2011. Under the license agreement, Tominsky had to do all the prospecting and evaluation necessary, produce a feasibility report, and get their exploration plan approved by all the authorities involved. All this got done by

UrBC, Yekaterinburg, September 5, 2016. The telecommunications provider MegaFon improved its mobile connection quality in fifty-eight different locations throughout the Urals, the company press service reports. The company’s tech team built or upgraded over 180 base stations, which they say ensures a more stable voice and data transfer in densely populated cities as well as in smaller settlements. The improved service is now available to subscribers based in Beloyarsky, Verkhnyaya Salda, Verkhnyaya Pyshma, Glyadeny, Irbit, Kurganovo, Lesnoy, Nizhniy Tagil, Novouralsk, Povarnya, Rastushchiy,

UrBC, Yekaterinburg, September 5, 2016. The Ural Bank for Reconstruction & Development introduced a new branch in Saint Petersburg; the place is oriented at business customers/corporates, the bank’s press service reports. The branch is located in Vyborgsky District at 4A Finlyandsky Ave. The opening hours are from 9AM to 6 PM on weekdays. The UBRD’s new branch welcomes representatives of legal entities, mainly small and medium enterprises, willing to open a settlement account, arrange an acquiring agreement, put money into a deposit, and apply for a loan/overdraft. According to the bank’s

UrBC, Yekaterinburg, September 2, 2016. Ural Vagon Zavod Corporation celebrated the start of school as thousands of employees’ children in Kamensk-Uralsky, Nizhniy Tagil, Omsk, Chelyabinsk, and a number of other cities became first-graders this year, the company press service reports. ‘Ural Vagon Zavod’s head plant’s top managers congratulated the schoolchildren and vocational school students on the start of the new school year in person and came to the school-opening ceremonies. Executive Director Vladimir Roshchupkin came to Gymnasium 86 and School 43 with a welcoming address to students,

UrBC, Yekaterinburg, September 2, 2016. Prices went down by 3.1% on Yekaterinburg existing home market in the eight months of 2016, Ural Real Estate Chamber reports. As of July 29, 2016, prices stood at 68,510 RUR per m2 on average. Compared with the start of the year, housing prices went down most noticeably in the city’s remotest and least expensive locations; the decrease fluctuates between 4.3% and 4.5%. The average asking price was 51,734 RUR per m2 last December; now the figure is 49,530 RUR per m2 on average. Housing prices declined from 60,260 RUR per m2 down to 57,545 RUR per m2 in

UrBC, Yekaterinburg, September 2, 2016. The unemployment rate in Sverdlovsk Region stood at 5.4% in May-July 2016; these figures were obtained based on the International Labor Organization’s methodology, Rosstat reports. There are currently 2.216m people of working age in the Mid-Urals, of whom 2.097m are employed and 119,600 are looking for jobs. A year earlier, the unemployment rate was 6.5%; in 2014 and 2013, the figures were 6.1% and 5.9%, respectively.

UrBC, Yekaterinburg, September 2, 2016. Sverdlovsk Region-based employers owed their workers 8.4m RUR in unpaid wages and salaries as of August 1, 2016, Rosstat reports. Interestingly, one year earlier the arrears of wages amounted to 3.922m RUR, and the previous month’s figures reached 8.344m RUR.