Sverdlovsk Region Arbitration Court ruled on October 26, 2010 that ZAO Avto Land is an insolvent debtor, thus closing case А60-22892/2010-С11. The automobile dealer will now have to undergo six-month bankruptcy proceedings, Kommersant states under the Insolvency Reports heading. Vladimir Sivoplyasov, a member of Ural Self-Regulatory Organization of Trustees in Bankruptcy, has been chosen as Avto Land’s trustee in bankruptcy.

‘The problem with the plane which operated Dubai-Yekaterinburg flight was caused by the poor condition of the landing strip,’ Ural Airlines’ press service reports. An A321 operating flight 739 Dubai-Yekaterinburg ran an extra thirty meters off the runway while trying to land at 4:25 AM on November 6, 2010. The runway was covered in ice, an ad hoc investigative committee confirmed. ‘The crew members were told during the landing that the strip was in great condition and it was possible to make a safe landing,’ the airline points out. 143 passengers and eight crew members were aboard the plane

Sverdlovsk Region division of Russia’s Federal Antimonopoly Service is going to keep on investigating the case of OAO Uralsvyazinform, which is suspected of violating the existing antimonopoly agreement. It has been alleged that the telecommunications provider violated Article 10 (part 1, paragraph 1) of the Competition Protection Act in that it stopped rendering traffic access services to ZAO Komstar-Regiony for no good economic or technological reason. Komstar was thus unable to use the local area connection or the local area code resources within the existing geographically determined

The management of OAO Nizhniy Tagil Iron & Steel Works (NTMK) presented their sincerest condolences to the family and friends of Andreas Anzinger, who passed away on November 2. The employee of the Austrian Siemens VAI felt the critical symptoms at NTMK’s converter shop where Siemens VAI experts are taking part in the reconstruction of converter No. 4.

‘I believe the development of our business will do a lot of good to the town,’ General Director of ZAO Karabashmed and Kyshtym copper electrolysis plant Alexei Golov told UrBC. ‘Last year, the Russian Government adopted a special plan to support the towns with only one primary employer. So the officials from various Russian ministries and bank representatives came to Karabash, and our plant was the first place they visited. They asked questions about the business’s potential and job opportunities. They wanted to get this information because the production can really develop and go further,’

Yekaterinburg Customs will institute criminal proceedings against OOO U. that was allegedly using Louis Vuitton Malletier and Christian Dior Couture trademarks illegitimately. The charges are based on Article 180 of the Russian Federation Criminal Code, the Ural Customs Administration’s press service reports. In fact, OOO U. was already involved in an administrative offense suit in October 2010, with charges based on Article 14.10 of the Russian Federation Administrative Offense Code. The importer was accused of abusing Mercedes-Benz trademark while trying to get 1,083 pairs of jeans across

Technosila, a white goods and consumer electronics chain store, was bought by Mikhail Kokorich, the General Director of Ilim Timber Industry and the co-owner of PlanetaStroy and Uyuttera, two DIY chains. The businessman acquired the controlling shareholdings in OOO ServiceTrade and OOO BusinessPro, the companies that kept running Technosila stores after its former operating companies went bankrupt, Kommersant quotes the online source Retailer.ru as reporting. ‘The strategic and operational management and development is now performed by me and a group of experienced retailers and managers,’

Flight NWS-2421 of Nordwind Airlines to Bangkok has been delayed in Yekaterinburg, the interactive announcement board of Koltsovo Airport states. The plane, which was supposed to have taken off at 11:30 PM local time today, will only start operating the flight at 2:30 AM on November 4, 2010. It has been reported that the delay was caused by the aircraft arriving at the airport late.

The 17th Court of Arbitration & Appeals overruled the verdict returned by the court of first instance and made OOO Aerolux, a travel agency, face administrative liability, the spokesperson for the court reports. This means the administrative lawsuit which was instituted against OOO Aerolux by Sverdlovsk Region division of Rospotrebnadzor’s (the state consumer rights watchdog) Central Yekaterinburg Department in May 2010 (after a complaint placed by a dissatisfied customer) has now resulted in the decision that the defendant must face administrative liability for failing to cater for the

Police officers from Tagilstroyevskiy investigative department of Nizhniy Tagil, Sverdlovsk Region, are now doing a pre-inquiry check of the scene of the accident at Nizhniy Tagil Iron & Steel Works (NTMK). In addition, the victims are to undergo a forensic examination. A fire-causing explosion occurred on the premises of NTMK Koksokhimproizvodstvo, Evraz Holding’s by-product coke division, at 10:00 AM local time. The explosion at the coal preparation shop’s breaking plant block left five workers burned and injured; four of them have been taken to Nizhniy Tagil Municipal Hospital 4.

Starting November 3, 2011, Ural Airlines resumes operating its Yekaterinburg-Hainan flights. The flight will be offered once a fortnight, every Wednesday. The tickets for Yekaterinburg-Sanya-Yekaterinburg flight are available in booking offices and via the airline’s website www.uralairlines.com.

Pipe Metallurgical Company (TMK) produced a financial report (compiled in accordance with the Russian Accounting Standards) for the third quarter of 2010. The company incurred 240.1 million RUR worth of net losses against 132.4 million RUR worth of net profit in the second quarter of the year. Despite the growing revenues and other profits in the third quarter of 2010, the company’s financial performance turned out to be less successful than in the previous quarter because TMK made extra profits from its daughter enterprises’ dividends in the second quarter of the year.

The project of the Radisson SAS Hotel has been considered by Yekaterinburg city development council recently. The forty-eight-storey building will supposedly be located at the intersection of Malyshev St and Krasnoarmeyskaya St. The land allotment is actually situated in the backyard of Bolshoy Ural, an already existing hotel. This allotment was offered to the developers on the same day the one for the Park Inn Hotel was provided. However, the latter has been operating for a quite a while already, whereas things haven’t been progressing with the Radisson SAS Hotel for a number of reasons,

OAO Nomos-Bank announced it had bought a 19.98% shareholding in OAO Khanty-Mansiyskiy Bank. In fact, Nomos-Bank acquired a 100% state in OOO IST-Capital which owns 19.98% of OAO Khanty-Mansiyskiy Bank. The company is part of Alexander Nesis’s IST Group; now Nesis is one of Nomos-Bank’s primary stockholders, the bank’s press service reports. Both OAO Nomos-Bank and OAO Khanty-Mansiyskiy Bank will keep operating under their current brand names.

OAO Magnitogorsk Iron & Steel Works (MMK) has successfully undergone the auditing procedures aimed at checking whether the company’s quality management system complies with the international standards recently. The certification process involved plate mill shop 9 (tested for compliance with ISO 9001:2008) and oxygen converter and steel-smelting shops (tested for compliance with ISO/TU 16949:2009). MMK was also successfully audited for compliance with the STO GAZPROM 9001:2006 standard; the certification process involved plate mill shop 9, the enterprise’s PR Department reports. In the

RENOVA StroyGroup’s RSG Engineering Infrastructure received Sberbank of Russia’s approval for an 800-million-ruble loan for a period of six years. The money will be directed to further development of water, heating, and power supply networks of Academic district in Yekaterinburg. ‘RENOVA StroyGroup sets very strict requirements for the constructed engineering infrastructure facilities to make sure the customers who use our communal housing services get the best possible quality. This is also part of the energy-saving and energy-efficiency program advocated by the Russian Federation

52% of the shopping space in the newly opened ComsoMall in Yekaterinburg is being used at the moment, while renting agreements have been signed for 78% of the space available. DVI Holding reports they are hoping for this figure to reach 90% over the next six months. This is going to be the task of Alexei Maltsev, appointed the shopping center’s CEO for a period of twelve months. Alexei Maltsev used to run and maintain some large commercial estate structures in Yekaterinburg and had a business of his own immediately prior to this appointment.

OAO MRSK Urala, a power supplier, reports its net profit went from 984.75 million RUR in the second quarter of 2010 down to 758.84 million RUR in the third quarter of the year. The company says the drop in profits was brought about by growing repair expenses and the need to build up bad debt reserves.

Yuri Kovalchuk’s National Media Group is planning to leave the telecommunications business and is now looking for a customer willing to buy a 51.8% shareholding in its National Telecommunications Holding, Vedomosti reports. National Telecommunications owns Moscow’s largest cable operator Mostelecom through National Cable Network, its 100% daughter enterprise. The holding also owns the providers of cable TV and broad-band Internet connection in Moscow Region, Saint Petersburg, Yekaterinburg, Novosibirsk, and Kurgan. All in all, the company renders its services to 4 million TV subscribers and

A meeting on freight companies and railway carriage owners’ cooperation was organized in Yekaterinburg recently. Deputy General Director of First Freight Company (OAO PGK) Vladimir Sosipatorov reported the organization had been providing haulage services for various companies throughout the entire operation field of Russian Railways for three years already. ‘Our haulage output reached 300 million this year, and we could do even better,’ he said. ‘We are currently suffering from a shortage of some carriage types, so our contract-signing preferences are normally based on economic expediency and