The 9th Arbitration & Appeals Court ruled in favor of the latter when hearing the claim involving Formica Company and Sverdlovsk Region Governor’s Programs Fund. The non-profit organization Sverdlovsk Region Governor’s Programs Fund placed a claim against Formica Company with Moscow Arbitration Court; the plaintiff insisted on being paid the money it was owed under the target financing agreement dated July 2, 2010; the sum comes to 100m RUR. Formica Company, in its turn, placed a counter-claim with the court, asking to treat the agreement as non-signed. Having looked into the parties’

‘Innoprom takes off in a little more than a month’s time. This is not much time, and there are still many unresolved issues. This is why our coordination committee has to perform as efficiently and productively as possible,’ Governor Evgeny Kuivashev said at the opening of a meeting dedicated to preparations for the industry & innovations exhibition/forum Innoprom 2012. ‘I feel it is crucial to put the emphasis on the new aspects: given the budget deficit, the uncertainty on the foreign markets, and Sverdlovsk Region’s considerable debts, we need a special kind of Innoprom, a really

The Director-General of Uralkhimmash Sergey Tsarapkin is going to resign before the end of his term. This issue will be considered at the BOD meeting scheduled for June 14, 2012. Tsarapkin only became the DG in October 2011. In addition to this, the agenda of the BOD meeting covers issues relating to the election of BOD Chairman, Deputy BOD Chairman, and the new Director-General.

A picket against cutting down trees by Atomstroycomplex Corporation will be held in Yekaterinburg, Chair of Sverdlovsk Region division of Yabloko’s Green Russia faction Natalya Manzurova told UrBC. The picket is to take place next to the residence of Plenipotentiary Representative of Russian Federation President in Ural Federal District tomorrow. ‘We hope to assert our constitutional right to the good environment. In 2010, some federal land estates were handed over to Sverdlovsk Region Ministry for Public Property Management; the ministry then organized a tender that Atomstroycomplex won

Governor of Sverdlovsk Region Evgeny Kuivashev held a work meeting with a shareholder of Chelyabinsk Tube Rolling Plant (ChTPZ) and Co-Chairman of Russia’s Pipe Industry Fund Andrei Komarov. The meeting participants spoke about the provision of state guarantees for 2008-2009 loans refinancing to the company; the loans had been given to complete the plant’s new investment projects, Iron Ozone 32 and Vysota 239. Russia’s Finance Ministry is to consider the issue of offering these state guarantees to ChTPZ and a number of other metallurgical enterprises over the next few days. ‘The Governor said

The clash between the management of Ural Exhibition Center and the general contractor for the construction of the international exhibition center Yekaterinburg EXPO keeps unfolding in Yekaterinburg. The two parties disagree radically on the amount to be paid to the general contractor and to the subcontractors for the exhibition center that was put up in 2011. Rusgrad and the subcontractors appealed to Sverdlovsk Region authorities and to the Russian Federation President’s representation for help. It was reported today that the management of Ural Exhibition Center, in its turn, appealed to the

Russia’s Federal Financial Markets Service decided to halt the issue of Yekaterinburg-based E.S. Yalamov Ural Mechano-Optical Plant Production Association’s inconvertible interest-bearing certified bearer bonds (Series 04). The bonds were distributed through a public offering; the state serial number is 4-02-55470-Е dated February 2, 2012.

Tyumen Region Arbitration Court declared the 2.56m RUR fine imposed on UTair Aviation Company by Tyumen division of Russia’s Antimonopoly Service legitimate. Now on June 28, 2011, Tyumen division of Russia’s Antimonopoly Service admitted there was a collusion on the air travel market. The agency ruled that UTair and Yamal had violated Article 11 (part 1) of the Federal Competition Protection Act (collusion). Having looked into the files relating to the case, the agency detected that UTair Aviation Company and Yamal Aviation Transport Company set the economy class ticket prices for

The sentence relating to the case of Alexander Gniteyev, a former employee of a Yekaterinburg-based defense enterprise who was accused of espionage, came into full effect, Sverdlovsk Region Court’s press officer told Interfax-Ural. ‘No cassations were placed by Gniteyev with the court before June 5, the legally determined deadline. This means the sentence comes into effect,’ the press officer said. Gniteyev was employed with the special regime N.A. Semikhatov Avtomatika Scientific & Production Association Federal State Unitary Enterprise. He was found guilty of state treason through

Klyuchevsky Ferrous Alloys Works decided not to pay any share dividend for 2011. This decision was taken by the stockholders at the annual general meeting.

Moscow-registered OAO Detsky Mir Center had to pay a 100,000-ruble fine for selling toys that did not meet the safety requirements. This ruling was pronounced by Sverdlovsk Region Arbitration Court. A scheduled on-site inspection revealed that Detsky Mir Center in MEGA Shopping Center violated the obligatory sanitary and state standard requirements in that it allowed the sale of toys that did not meet the obligatory safety regulations. The toys in question are a set of air balloons by Veselaya Zateya TM (made in Belgium) and a roller ball in a net (made by Rosigrushka in Roslavl, Smolensk

The representatives of the world’s leading railway machinery producer Siemens AG paid a visit to Lyudinovsky Locomotive Plant (an asset of Sinara Transport Machines). These were: Executive Director of Rail Transport Systems Department and Vice President of Siemens AG Hans-Jorg Grundmann, the Director-General of the Locomotives & Component Parts Division and of the Rail Transport Systems Department in Siemens AG Karl-Hermann Klausekker, head of the Desiro RUS Project David Jon, and Director of the Locomotives & Component Parts Division in OOO Siemens (Russia) Rolf Epstein. The

ZAO AMUR Car factory stopped operating, the company’s Director-General Yuri Afanasyev told Kommersant. ‘The only people working there now are security staff, engineers, and maintenance personnel. We are selling out the non-liquid assets, and only the potential investors come at the plant now,’ he said. According to Afanasyev, things are made even more difficult due to the fact that the plant is actually located within a ‘classified’ town of Novouralsk, which is why organizing visits of foreigners is complicated. AMUR car factory is undergoing bankruptcy proceedings at the moment. Its debts to

Ural Airlines (one of Russia’s top seven air carriers) and Amadeus, the global tourist & air travel industry’s leading technological partner and processing operator, signed a long-term technological partnership agreement that provides for the delivery and launch of a new-generation passenger service system, the airline’s press officer reports. The step-by-step conversion to Amadeus’s new technological platform will begin in 2013. Under this large-scale cooperation agreement, Ural Airlines will start using a full-scale version of Amadeus Altea platform, including ticket booking modules and

The court hearings related to the construction of Raduga Retail Park in Yekaterinburg’s Verkh-Isetsky District will go on, Partner at Legal Interests Group of Companies Anna Chernysheva told UrBC. Now Yekaterinburg Municipal Duma Deputy Maxim Petlin, whose interests Ms Chernysheva represented, was unable to prove in Sverdlovsk Region Arbitration Court that the city council’s decision to allocate a land allotment for the park had been illegitimate. ‘The court claims the only way to allocate an allotment is through signing a primary rental contract. We feel, however, that a change in the way an

Saint Petersburg-based Avtoprodiks had to be involved in the hearing of a court case related to the debts of Yekaterinburg-based Avtofrans. This decision was made by Sverdlovsk Region Arbitration Court. Yekaterinburg Administration asks the court to make Avtofrans pay them the rent for a land allotment (September 2010 to December 2011, a total of 2.85m RUR plus late fees for the period between September 11, 2010 and February 29, 2012, a total of 723,160 RUR). It follows from the defendant’s response that on July 2, 2009, Avtofrans and Avtoprodiks, Saint Petersburg, signed a purchase and sale

Yekaterinburg’s stand at the upcoming Ural International Exhbition/Forum of Industry & Innovations Innoprom 2012 will be presenting the region’s capital as the place where globally important events take place. The stand will present the major international events that the city is expected to host in the next few years: the world computer programming championship 2016, the World Cup 2018, and the World Universal Exhibition EXPO 2020. In the twenty-first century, Yekaterinburg sees itself not only as the region’s center and the capital of Ural Federal District, but also as a major Russian

Home Credit & Finance Bank, a business specializing in consumer lending, decreased its net profit (calculated in accordance with the IAS) by 24.3% in the first quarter of 2012 compared with a year earlier; the figure reached 2.4bn RUR. This had to do with the bank’s expenses related to the expansion of branch network and IT infrastructure, the bank reports. The company’s operating profit rose by 33.1% in January-March 2012 and came to 10bn RUR, RIA Novosti reports. Despite the market inertia typical of the first quarter of the year, Home Credit & Finance Bank managed to increase its

The court hearing regarding the eviction of Eye Microsurgery Yekaterinburg Center has been set for June 18, 2012. The claim to this extent was placed with Sverdlovsk Region Arbitration Court by Russia’s Ministry for Healthcare & Social Development. The ministry demands that a number of premises, namely, detached buildings A (total area 13,401.6 sq m), B (total area 347.4 sq m), and D (total area 322.5 sq m) at 4A Bardin St in Yekaterinburg (the land allotment has the total area of 3.29 hectares) be handed over to the eye microsurgery clinic run by the Ministry.

The construction of a new building for Ural State University of Economics has to be postponed indefinitely, the university’s First Pro-Rector Maxim Maramygin told the portal E1. ‘the construction of this building is a difficult and time-consuming task that requires not only the rector’s office’s special attention but also a considerable contribution of money made by the faculty; at the same time, no budget subsidies are provided for this projects, while the Education Ministry forbade us to look for sponsors. The issue of resuming the construction process is now being considered, the