UrBC, Yekaterinburg, June 20, 2019. The developer RSG-Akademicheskoye is coordinating an auction to find the contractor to do the survey and design work for the reconstruction of Wilhelm de Gennin St, Serafima Deryabina St, and Tokarey St in Yekaterinburg, the developer’s press service reports. The opening bid for the lot in question has been set at RUB 42,502,507. Under the terms of the auction, the survey work needs to get completed within two months of the date the contract gets signed. The first stage of the design work needs to get completed by February 2020, the second and the third

UrBC, Yekaterinburg, June 20, 2019. The courts declared 129 Sverdlovsk Region-based enterprises bankrupt in the first quarter of 2019, which exceeded the figures for the previous quarter by 5.7%, the Center for Macroeconomic Analysis and Short-Term Forecasting’s research findings indicate. Sverdlovsk Region thus came fourth in the rating of federal constituencies with the largest number of insolvent businesses, preceded only by Moscow (678 companies), Saint Petersburg (217), and Moscow Region (156). The companies going bankrupt in the first quarter of the year amounted to 0.08% of all

UrBC, Moscow, June 20, 2019. Manufacturer’s price of gasoline rose by 17.5% on the Russian market in May 2019 compared with April 2019, Rosstat reports. ‘As for the processing industries, certain mineral products grew more expensive as well, including stabilized gas condensate (+18%), gasoline (+17.5%), certain types of oil-associated gases (+11.8%), liquefied propane and butane (+8.4%), bitumen (+5.7%), petroleum coke (+5%), road bitumen (+4.5%), and roofing bitumen (+3.7%),’ the agency says. According to Rosstat, the price of crude oil increased by 4.5% last month. In the coke and

UrBC, Yekaterinburg, June 19, 2019. EVRAZ Holding contributed to a new skatepark and to the upgrades of Spartak Yacht Club in Nizhniy Tagil, EVRAZ Holding Ural’s Corporate Communications Center’s press service reports. The company helped buy the materials needed to renovate the yachts as well as new sails; the pier got repaired, and the study room got equipped and insulated for classes taking place in the winter. The investments were made after a project on reviving yachting sports in Nizhniy Tagil won EVRAZ Holding’s grant competition. ‘Nizhniy Tagil locals took up sailing sixty-one years

UrBC, Moscow, June 19, 2019. MegaFon’s digital platform meant for making it easier to find children and adults going missing has helped locate more than sixty people so far. The platform reduces the time it takes the rescue services to take action and to find and question witnesses from several weeks down to several minutes and thus saves lives, the telecom company’s press service reports. ‘MegaFon carried out its pilot project in cooperation with Liza Alert rescue team. The idea is to find potential witnesses who might have information regarding the missing person. The company selects the

UrBC, Chelyabinsk, June 19, 2019. ChelPipe Group’s Rimera Oilfield Services’ Rimera Service NTsTB is now working on a new five-year contract with Gazprom Neft’s Gazpromneft-Noyabrskneftegaz. According to the Group’s press service, under the terms of the contract Rimera Service’s experts in Noyabrsk and Muravlenko will do repairs and maintenance of 33,000 pumping and compression pipes for Gazprom Neft on a monthly basis. This means the overall amount of pumping and compression pipes the Group sells to Gazprom Neft every year will reach as much as 1,500,000 units, whilst the Group’s share of

UrBC, Yekaterinburg, June 19, 2019. New homes are now for sale in Yekaterinburg’s District Akademicheskiy, with the option of getting a mortgage starting from 1.9% a year, the developer RSG-Akademicheskoye’s website states. ‘With our new exclusive program, you can buy an apartment in Preobrazhensky Quarter in Akademicheskiy on very good terms; the offer holds for customers in the 21-65 age group,’ the website says. There are eight low-rise apartment buildings with underground parking lots in Preobrazhensky Quarter. The apartments come with the standard developer's finish and overlook a

UrBC, Magnitogorsk, June 19, 2019. Magnitogorsk Iron & Steel Works (MMK) floated a five-year Eurobond issue (total amount: $500m) at 4.375%, with coupon yield to get paid out twice a year, MMK’s Information, PR & Advertising Department reports. This is the first time the company has entered the international debt capital market in the last fifteen years. The money will get added to the general corporate spending-related budget. ‘Our offer for subscription resulted in the amount of bids exceeding the proposed bond issue amount by more than 4.5 times. At the height of the bookbinding

UrBC, Yekaterinburg, June 18, 2019. EVRAZ Holding’s Nizhniy Tagil Metallurgical Plant (EVRAZ NTMK) intends to expand its electric power output by using secondary energy resources (i.e the blast furnace gas that is the by-product of cast iron smelting at Blast Furnace 7), EVRAZ Holding Ural’s Corporate Communications Center reports. ‘The plan is to put up a gas expansion turbine station with the top-pressure recovery turbine GUBT 16, a generator unit, and an electric grid. There will also be the modern automated gas-analyzing units and fire-fighting appliances. The blast furnace gas will get

UrBC, Magnitogorsk, June 18, 2019. Magnitogorsk Iron & Steel Works (MMK) heavy-duty, wear-resistant MAGSTRONG steels won a certificate and a gold medal at the 26th International Trade Fair for Coal Mining Technology, Preparation and Materials Handling/UGOL ROSSII & MINING, MMK’s Information, PR & Advertising Department reports. The contest committee awarded the company in Road-Building & Mining Appliances, Machines, & Mechanisms, Excavators, Loaders, Earth-Moving Equipment, & Surface Planing Machines. MMK’s innovative steels are used extensively for this equipment

UrBC, Yekaterinburg, June 18, 2019. Novouralsk-based asset of Rosatom’s Ural Electrochemical Combine Ecoalliance Ltd designed special catalytic systems to reduce the toxic impact of AvtoVAZ automobiles so as to get them to comply with the Euro 6c and Euro 6d emission standards, Ural Electrochemical Combine’s press service reports. The company also tested the systems in question. The application of the systems would mean Lada cars could still get sold on the EU markets even after the stricter environmental regulations come into effect. ‘The need to design new catalytic systems for exhaust gas

UrBC, Yekaterinburg, June 18, 2019. The average mortgage amount issued by Sverdlovsk Region-based banks to loan applicants rose from RUB 2.097m to RUB 2.182m (+4.1%) in the first quarter of 2019 compared with one year earlier, the National Credit History Bureau’s press service reports. This was the smallest increase in the average mortgage amount among the country’s top thirty constituencies with the largest retail lending markets. In Russia on the whole, the average mortgage amount rose to RUB 2.38m (+17.3%, or RUB 350,600) in the first quarter of the year. In January-March, the largest

UrBC, Yekaterinburg, June 18, 2019. Ural Customs’ officers identified and detained more than 400,000 international postal shipments with restricted or banned types of goods inside in 2018, the customs’ press service reports. ‘The items in question are brass knuckles, bludgeons, watches, lighters, hidden camera/recorder glasses, fish nets, pills/lozenges containing super-potent substances, and goods emitting strong ionizing radiation. That said, the overall share of such parcels only comes to under 0.6% of all international shipments all in all,’ the press service says. According to Head of

UrBC, Yekaterinburg, June 17, 2019. Ural Airlines and the international payment system JCB are announcing their new partnership, which they begin with a special cashback option for the JCB cardholders at Gazprombank, the air carrier’s press service reports. You can book your tickets for Ural Airlines’ flights on the company website www.uralairlines.com or on the mobile app on June 1-30, 2019, use your Gazprombank’s JCB card to pay for the purchase, and get your 10% cashback bonus. ‘If you don’t have a JCB card yet, you can apply for one at any of Gazprombank’s branches. You can use the card

UrBC, Yekaterinburg, June 17, 2019. Miners from EVRAZ Holding’s Yerunakovskaya 8 Mine extracted 1,000,000,000 kg of coal in four months. Alexander Lyane’s team from the mine’s Section 1 produced the entire amount from a single coal-bed in just four months, EVRAZ Holding Siberia’s Corporate Communications Center reports. EVRAZ Vice President and Director-General at Raspadskaya Coal Company Sergey Stepanov congratulated the team on their record output. These 1,000,000,000 kg of coal got extracted from Coalface 48-6 that got started upon in the spring of 2018. The miners have been using

UrBC, Yekaterinburg, June 17, 2019. The awarding ceremony for the winners of the Competitive Sales Leader Award 2019 took place during the annual Supplier’s Day Forum in Moscow this week. MMK Group’s MMK Trading House won in the contest as Import Substitution Leader. ‘The Competitive Sales Leader Award is the annual industry-specific contest for companies dealing in corporate and state-run purchases on electronic platforms. The contest gets coordinated by B2B-Center. This year, 440 companies from all over the country competed for prizes in nine different categories. Independent market

UrBC, Moscow, June 17, 2019. ‘On 14 June 2019, the Bank of Russia Board of Directors decided to cut the key rate by 25 bp to 7.50% per annum,’ the bank’s press release on the CBR’s website states. ‘Annual inflation slowdown is continuing. In May, households’ inflation expectations and business price expectations did not materially change and remain elevated. Economic growth in the first half of 2019 is lower than the Bank of Russia’s expectations. Short-term proinflationary risks have abated compared to March. In these circumstances, in line with the pursued monetary policy, the Bank of

UrBC, Moscow, June 17, 2019. The Central Bank of Russia lowered its GDP growth forecast for the year 2019, the bank’s press release on the CBR’s website says. ‘Taking into account GDP growth statistics for 2018 — 2019 Q1 published by Rosstat, the Bank of Russia lowered its GDP growth forecast for 2019 from 1.2-1.7% to 1.0-1.5%. Subsequent years might see higher economic growth rates as national projects are implemented,’ the press release states. According to the bank’s analysts, the forecast had to get lowered because the actual GDP growth in the first half of the year did not meet the

UrBC, Yekaterinburg, June 14, 2019. Raspadskaya Coal Company’s Kuznetskpogruztrans is now using three new TEM18DM diesel-locomotive shunters. ‘The modern shunters are fitted with an emergency braking system; the operator’s unit has a small cooker, a thermoelectrical fridge, and an climate control system; there’s a special appliance to keep track of whether the shunter operator stays awake. The shunters are suited to operate within a very broad temperature range (-50 to +40 degrees centigrade), and the window panes are fitted with automatic heating/defrosting units,’ Raspadskaya Coal Company’s

UrBC, Magnitogorsk, June 14, 2019. Magnitogorsk Iron & Steel Works (MMK) won one of the prizes at the 1st all-Russian Best Purchasing Practices 2018 Contest. The prize went to the successful project on optimizing category purchases in online stores. According to MMK’s Information, PR & Advertising Department, the contest was part of the 7th Professional Purchasers League Conference in Armenia. The representatives of twenty major Russian companies, including MMK, Rosnano, Rostelecom, and Energomash gathered together in Yerevan. This is the first time a professional contest got