The large-scale supply of new tanks to the Russian military forces will start in 2017; the tanks will be produced by Uralvagonzavod Scientific Production Corporation using Armata, a main battle platform, Deputy Head of Russian Government Dmitri Rogozin reports. The enterprise’s management announced earlier that the new Russian tank Armata would go into mass production in 2015 and that the Russian Federation Armed Forces would have received 2,300 units by 2020, RIA Novosti says.

UTair Engineering finished the year off with the net loss figures that were 11 times higher than those for a year earlier and thus came to 1.07bn RUR, the company’s report states. At the same time, the company’s sales revenues rose by 17.8% and reached 3.4bn RUR. ‘UTair Engineering operates within the approved budget and in accordance with its upgrades and development plan. We keep expanding our production, upgrading the machinery, and mastering the new types of aircraft,’ Interfax-Ural refers to the air carrier’s Deputy DG for Financial Issues Sergey Yemelyanov as saying.

UrBC was informed that the Yekaterinburg-based RED (Real Estate Development) Group might be soon sold by auction. This group of companies was set up in 2005 through a merger of a few real estate businesses. RED Group of Companies comprises an investment company, a construction company, and a management company. The group is currently running over twenty projects, the key ones being A Class business centers Palladium, Senate, and President and a Class B+ business center called Galleon. The company itself denies the possibility of the business being offered for sale. ‘Any rumors of such sort

‘Concern Kalina does not offer its stockholders a hundred percent guarantee that their shares will be safe; in fact, the shares could actually be used for some illegitimate transactions,’ Yulia Kulikova, the lawyer of Concern Kalina’s shareholder Igor Platonov, explained to UrBC after Sverdlovsk Region Arbitration Court had rejected Platonov’s claim in the course of the hearing. Now Platonov placed his claim against VTB Registrator with Sverdlovsk Region Arbitration Court, demanding that the entry made in his account 6838, opened in the name of Igor Ivanovitch Platonov, be declared invalid.

Ural Airlines came up with a performance report for March 2012. In this month, the air carrier flew 214,240 passengers, which is 67% more than in March 2011. All in all, 583,780 passengers have used this carrier since the beginning of the year, the airline’s press service reports. In March 2012, Ural Airlines operated 1,840 flights (a 43% increase against a year earlier), including 652 international flights, 755 domestic flights, and 442 flights around the CIS. The actual passenger turnover came to 589,700 passenger-kilometers in March 2012, which was 83% better than in March 2011.

Yekaterinburg Non-Ferrous Metals Processing Plant’s Board of Directors suggested that the plant’s shareholders accept the offer to purchase the company’s shares made to them by Renova Group. Now Renova Group of Companies intends to consolidate a 100% shareholding in Yekaterinburg Non-Ferrous Metals Processing Plant. Renova currently owns a 71.294% stake in the plant. The suggested price for buying the shares has been set at 800 RUR apiece.

In late March and early April, RosTransAvto (RTA) welcomed customers to its new offices in two leading economic centers of the Urals and the Volga Region at once, that is, in Tyumen and Perm, the company reports. According to the BOD Chairman of the company (dealing in Mitsuber, Howo, and Sanko Makina machinery) Anna Gorodenker, the newly opened subsidiaries will offer their customers a full range of delivery services relating to the entire spectrum of products by Mitsuber, Howo, and Sanko Makina; they will also handle pre-delivery inspections and offer warranty and post-warranty services.

‘The application committee gathers data and monitors the state of Yekaterinburg’s infrastructure on a regular basis in order to prepare a candidate city’s profile. We use the official data obtained from the publicly open sources and provided by the municipal and the regional authorities,’ EXPO 2020 Application Committee’s Deputy Director-General Alexander Vyakhirev told UrBC. ‘The city’s readiness to host EXPO 2020 is evaluated on the basis of quite a few criteria, including not only the state of the infrastructure but also some other socio-economic indicators and the data on education,

The Metro-Party that Philip Morris Sales & Marketing had planned to hold in Yekaterinburg underground is not going to take place after all. Philip Morris Sales & Marketing confirms that it had meant to have a selective-entry event for adult smokers at Dynamo underground station in Yekaterinburg on April 12, 2012. ‘We have many years’ experience of organizing parties for adult tobacco consumers; these are always held in strict accordance with the rules for coordinating mass-scale events, and all the necessary permissions from the authorities in each particular city are always obtained.

UrBC, Magnitogorsk, Chelyabinsk Region, April 12, 2012. The Russian Federation Economic Development Minister Elvira Nabiullina’s decree laid out the list of projects that comply with Article 6 of the Kyoto Protocol in accordance with the UN Framework Convention on Climate Change. This list comprises two projects run by Magnitogorsk Iron & Steel Works (MMK). One of the approved projects has to do with production of slab ingots through electric steel smelting, while the other one deals with the launch of new agglomerate production technologies and the new techniques of charging furnaces at

Sverdlovsk Region division of Russia’s Federal Antimonopoly Service sustained the petition placed with the agency by Rolsy (a freight forwarder based in Yekaterinburg). Rolsy wanted to purchase a 63.16% shareholding in Euro-Asian International Transport & Logistics Center (a Yekaterinburg-based business dealing in development, expert examination, and maintenance of investment projects). The division looked into the petition and found no threats to limiting competition, so it was decided to let Rolsy go ahead with the transaction.

Radio Equipment Plant managed to make Bank Intesa pay them 771,860 RUR (the money classed as the bank’s unjustified enrichment after the lending institution charged the plant a commission for the early repayment of loans). The plant placed a claim with Sverdlovsk Region Arbitration Court, demanding that the bank pay them 1.28m RUR; the two parties arrived at a voluntary settlement in the course of the hearing, under which the bank admitted its debt (771,860 RUR). Bank Intesa promised to pay the sum by April 15, 2012.

The Director-General of Uralets Entertainment Center Vyacheslav Potekhin disagrees with the stance taken by Sverdlovsk Region Ministry for Public Property Management and claims the ministry’s actions should be seen as exerting pressure, through administrative levers, upon the center in order to make them sign an agreement, he told UrBC. Now Sverdlovsk Region Ministry for Public Property Management and the Ministry’s Executive Directorate intend to get Uralets to hold a general shareholder meeting, through a court ruling if necessary. The claim to this effect, asking to proclaim the ministry’s

The clash between NPO Avtomatiki, a scientific & production association, and Ural Mechano-Optical Plant (UOMZ) ended in an out-of-court settlement in Sverdlovsk Region Arbitration Court. Now NPO Avtomatiki went to court with a claim demanding that the defendant pay them 4.58m RUR (the principal and the interest charged for using another party’s funds). In the course of a court hearing, the parties announced they had reached a voluntary settlement and asked the court to confirm it. As a result, UOMZ admitted owing 4.49m RUR to NPO Avtomatiki. The two parties agreed that the defendant would

Ural Builder LLC was unable to get Uraltransmash’s accounts seized: Sverdlovsk Region Arbitration Court rejected the company’s petition to that effect. Now Ural Builder placed a claim asking to make Uraltransmash make an advance payment (7.31m RUR) and the interest charged for using another party’s funds (150,730 RUR) with the court. At the same time, the plaintiff asked to take provisional measures, that is, to seize the defendant’s funds, including those getting transferred into the defendant’s bank account, or any other property of the defendant. When submitting the petition, the plaintiff

‘Facebook’s buying the Instagram app isn’t based on any market-oriented decisions. I believe Mark Zuckerberg’s reasoning was emotional rather than financial, like a billionaire’s decision to purchase a football club. The overall idea was this: we like this product, we’d like to make an impact on it. This is why one cannot estimate this acquisition in market terms,’ the Managing Partner of Projector Leonid Volkov told UrBC. Now the social network Facebook is buying Instagram, the popular application for creating and editing digital images, for about $1bn. ‘As for the Urals, we are not going to

Karabashmed signed a contract with CIMM Group Co., Ltd, the basic and detailed design business, for the delivery and installation of a set of machinery for the copper enterprise’s new vitriolic shop. Under this contract, the primary technological equipment is to be purchased in Canada, Germany, Italy, Switzerland, and the United States. According to Russian Copper Company’s Director for Chemical & Metallurgical Production Reconstruction Mikhail Borisov, the contract is worth $41.04m altogether. ‘The new vitriolic shop will be put up in compliance with the modern technologies and will

Ural Airlines is introducing additional Chita-Moscow flights: starting April 11, 2012, direct flights from Chita to Moscow’s Domodedovo Airport will be operated thrice a week (on Wednesdays, Fridays, and Sundays) using the modern an comfortable A320 liner. These planes are fitted with a full scale business class section with comfortable wide seats, so the flight will seem short. Tickets for the new flight can be booked via the company’s website www.uralairlines.ru and in the booking offices, the airline’s press service reports.

RBC daily reports Bank24.ru (a member of Life Group) was able to prevent the stealing of over 300m RUR from its account via the company’s e-banking system. According to the newspaper, the cyber-criminals tried to use the bank’s accounts to transfer money stolen from the other banks’ customers using the e-banking system; however, Bank24.ru’s special division for incident investigation helped to detain more than ten offenders. The bank explains that their company was chosen by the criminals because Bank24.ru offers a customer-friendly e-banking package. ‘Our incident investigation team

RENOVA Group intends to consolidate a 100% shareholding in Yekaterinburg Non-Ferrous Metals Processing Plant; the latter has already received a proposal to this effect. In fact, RENOVA already owns 71.294% of the plant’s shares. The plant was offered to sell the said securities for 800 RUR apiece. The company has seventy days within the date on which the offer was made to accept it.