OOO Finishing Work Directorate 1 called off its claim against US BAES from Sverdlovsk Region Arbitration Court; the plaintiff originally insisted on the latter’s being declared bankrupt. Now US BAES is a daughter enterprise of Uralenergostroy Management Company that was set up to supervise the building and assembly jobs at Beloyarskaya nuclear power station’s BH 800 generating unit. OOO Finishing Work Directorate 1 had claimed earlier that the defendant owed them over 7m RUR.

Central Stadium in Yekaterinburg will be completely prepared for the Russian Cup final on May 9, head of Russian Football Union’s PR Departmetn Nikolai Komarov told R-Sport. Nevertheless, some media announced earlier that the poor condition of the lawn at the stadium might make it necessary to transfer the match to another city. ‘Russian Football Union is puzzled by the media announcements regarding the alleged transfer of the Russian Cup final game between male teams from Yekaterinburg to another Russian city. We definitely do not confirm this news. Moreover, we are positive that the

Enel OGK-5’s Board of Directors suggested that the company’s stockholders should vote for passing last year’s dividend at the upcoming AGM. The annual general meeting has been scheduled for June 20, 2012. The BOD also confirmed the agenda of the meeting: the stockholders are to approve of the annual report and the annual accounting report, to elect the new BOD members and the company’s audit committee, select an auditor, adopt the new version of the company’s Charter, and approve of a number of related party transactions.

The launch of the Kingdom of Thailand’s trade or diplomatic mission in the region might give a new impulse to the development of economic relations between Sverdlovsk Region and Thailand, Chairman of Sverdlovsk Region Government Vladimir Vlasov said in the course of his official meeting with the Ambassador Extraordinary & Plenipotentiary of the Kingdom of Thailand to Russia Itti Ditbanchong. ‘The Mid-Urals and Thailand’s cooperation is an ongoing process. It now mainly covers the humanities-related fields, but the cooperation potential is definitely far from being used up at the moment.

Sverdlovsk Region Arbitration Court stopped the proceedings relating to the claim laid by the Ural Region’s strong drinks supplier ZAO SECOM against Kostya Tszyu Boxing Academy; the plaintiff originally insisted on being paid 50,000 RUR in accordance with the loan agreement. The claim was placed with the court by the plaintiff on March 23, 2012. SECOM’s Legal Department told UrBC earlier that the fund was lent 1m RUR, but the remaining portion of the debt, 50,000 RUR, had to be claimed in court, despite all the existing arrangements and the Academy’s promise to pay the money back. According

Uralmashzavod’s BOD meeting resulted in the decision to recommend that the stockholders vote for passing last year’s dividend in the course of the AGM. ‘We recommend that the AGM should pass and not pay any ordinary or preference share dividend for 2011 because of the losses incurred in the financial year 2011,’ the company’s report states.

The premise of an ex-retailer Technosila in Park House Shopping Center will now be used by H&M’s third Yekaterinburg store: the brand already runs outlets in Greenwich and Comsomall shopping malls. H&M (Hennes & Mauritz) is a Swedish business and Europe’s largest clothes-selling retail chain selling clothes.

Norway’s visa center will start operating in Yekaterinburg on May 10, 2012, the online portal TourBusiness reports. Norway’s Embassy in Russia signed an agreement with VFS Services LLC Russia that entitles the latter to accepting and processing applications for all visa types. ‘The Embassy has seen a record-setting number of applications over the last few years. Last year, our visa section issued 30,236 visas, which was the largest figure among all of Norway’s foreign representations in terms of applications submitted and visas issued. The agreement will result in considerable expansion of

Sverdlovsk Region division of Rospotrebnadzor (the state consumer rights agency) offered some comment on the lethal whisky poisoning caused by a bottle of Hankey Bannister purchased at Krasnoye & Beloye store at 9 Manevrovaya St. in Yekaterinburg. ‘Central Yekaterinburg Department of Rospotrebnadzor’s Sverdlovsk Region division informs Yekaterinburg dwellers that a nineteen-year-old woman died from alcohol poisoning at a sauna located in the city’s Zheleznodorozhny District. She had some Hankey Bannister whisky,’ the agency reports. ‘A bottle of Hankey Bannister was bought at Krasnoye

Russian Railways Public Company’s Senior Vice President Valentin Gapanovitch presented the first Russian technologically innovative locomotive with an asynchronous traction drive called SinaraHybrid (TEM9N) at Rizhskiy Railway Station in Moscow, Russian Railways’ press service reports. The presentation of the loco was made on the eve on the international conference on converging the technical regulation systems within the Round Table of Russia and the EU Union of Industrialists and Entrepreneurs. The loco was designed by CTM Innovational Development Center (a member of Sinara Transport

Sverdlovsk Region Arbitration Court postponed the hearing of MDM Bank against Uralchermetavto and Avtoland Sever till May 14, 2012. The bank insists that the companies pay it over 206m RUR. ‘After the court had announced it was about to start looking into the evidence, it turned out that the plaintiff never provided a single written proof of its case, either in the original or in the properly authorized copies. This circumstance makes considering the case difficult: the case lacks any evidence whatsoever. The plaintiff submitted its claim electronically; therefore all the evidence was placed

Uralburmash’s stockholders decided not to pay any dividend for 2011 in the course of the annual general meeting, the company reports. It was reported that the company made 912,950 RUR worth of net profit (calculated in accordance with the Russian Accounting Standards) last year. The retained net loss (calculated in accordance with the Russian Accounting Standards) amounted to 431,270 RUR. This means that the enterprise’s retained net profit came to 481,670 RUR on January 1, 2012. The plant reports its shareholders agreed with the BOD’s recommendation to direct the retained profit into the

Uralmedstroy (UMMC) is calling off its claim against Castorama RUS from Sverdlovsk Region Arbitration Court, the papers relating to the case available via the court’s website state. Now the two parties got involved in the legal proceedings prior to the opening of Castorama store in Yekaterinburg. The developer insisted that Castorama RUS pay them 5.16m RUR.

The net profit of OAO Vympelcom, one of Russia’s largest wireless carriers, decreased by 20.8% in the first quarter of 2012 compared with the first quarter of 2011. The figure, calculated in accordance with the Russian Accounting Standards, came to 14.47bn RUR, the company reports. At the same time, the company’s revenues rose by 10% and came to 65.65bn RUR.

UrBC, Yekaterinburg, April 27, 2012. It appears that Sverdlovsk Region Traffic Administration and TransSibUral’s partnership violates the existing law in some respects, the response of Ural Public Prosecution Authorities for Transpiration to Sverdlovsk Region Legislative Assembly’s Duma deputy Andrei Alshevskikh states. ‘An investigation was carried out regarding your query on Sverdlovsk Region Traffic Administration allegedly lobbying the interests of TransSibUral, the structural division of Central Traffic Administration and a subsidiary of Russian Railways, in what regards freight

UrBC, Yekaterinburg, April 27, 2012. Bank Yekaterinburg intends to place itself on the list of the newly insolvent Cardinal TechnoPlus’s creditors. It was reported to UrBC that the application for determining the scale of the creditors’ claims has already been submitted to Sverdlovsk Region Arbitration Court judge in charge of the bankruptcy case. The application for declaring Cardinal TechnoPlus insolvent was placed with the court by the company’s liquidator E. Tsyganova. The reason for placing the application was that the amount of creditors’ claims which the debtor did not contest exceeded

UrBC, Yekaterinburg, April 27, 2012. France, Iran, and Byelorussia are going to present their country stands at the international industry and innovations forum/exhibition Innoprom that will be held in July for the third time this year. This year’s forum is expected to feature over 400 businesses from Russia, the United States, Germany, Denmark, France, the Czech Republic, Iran, and Turkey. Many enterprises decided to present their stands on a larger scale this year compared to last time. For one, Siempelkamp, the wood processing, nuclear, and casting machinery manufacturer, will expand its

UrBC, Yekaterinburg, April 27, 2012. EXPO 2020 Yekaterinburg Application Committee launched its EXPO 2020 Ambassador project recently. This means domestically and internationally recognized representatives of the artistic, cultural, political, business, and educational communities will be supporting Yekaterinburg’s campaign for hosting EXPO in 2020. The ‘Application Ambassador’ is a voluntary and non-profit status. The ambassadors will mainly have to spread the ideas and the values of the universal fairs in general and of EXPO 2020 Yekaterinburg Project in particular. This year, over thirty

UrBC, Yekaterinburg, April 26, 2012. According to Tyumen Customs’s statistics, the foreign trade turnover in the customs area exceeded $504m in the first quarter of 2012. 94.4% of all the transactions involved the countries of the far abroad, and 5.6% involved the CIS member states. Imports reached 18.8% of total foreign trade turnover, while exports came to 81.2%, Ural Customs Administration’s press service reports. Tyumen Customs area’s top foreign trader partners were Turkey (its share in the total foreign trade volume came to 23.2%), Poland (16.2%), Finland (16.2%), the Netherlands

UrBC, Yekaterinburg, April 26, 2012. Tickets for the final football match of Pirelli – Russian Cup 2011/2012 are now offered for sale in Yekaterinburg. These can be booked at Central Stadium booking offices in Pirogov St. and Pepin St.; the offices are open from 12:00 PM to 8:00 PM, with prices starting from 50 RUR, Sinara Group’s PR Center reports. The final match is to played by Moscow’s Dynamo and Kazan’s Rubin at Yekaterinburg Central Stadium at 5:00 PM on May 9.