Trade union activists are going to picket Yekaterinburg-based office buildings of Concern Kalina and Uralplastik on World Action Day, the spokesperson for Sverdlovsk Region Trade Unions Federation reports. ‘In both companies, the workers are trying to set up trade unions despite the management’s disapproval. Kalina’s top executives have always been against employee self-organization, even though the right to join a trade union is guaranteed to every Russian citizen by the federal legislation. The management must remember, however, that it’s a free country that has no slaves doing only what

Perm-based AKB Uralskiy Finansoviy Dom’s losses skyrocketed by 599.46% in the third quarter of 2009 and thus amounted to 229.067 million RUR. The bank’s second quarter was not much better, as the losses came to 32.749 million RUR. The bank reports these losses have to do with the need to create bad debt compensation reserves.

This October, the Ural division of Rostechnadzor (the state technological and nuclear safety watchdog) is going to check VSMPO-Avisma Corporation and its daughter enterprises VSMPO-LESTA, VSMPO-Stroitel, Aluminum Profile, and VSChZL Ruslich for compliance with the industrial safety regulations. The inspectors will make sure the companies meet the electrical and environmental safety requirements as well as the Russian zoning standards. The inspection committee is to be chaired by Deputy Head of Rostechnadzor’s Ural division Anatoly Soloviev.

Sverdlovsk Region Arbitration Court satisfied Bank VTB’s sub-claim regarding the security for their main claim against Temerso and Nevyansk Machine-Building Plant. The court ruled that Temerso had no right to dispose its 74% shareholding in the plant’s authorized capital; in case the company does try to do anything with the share, it might have to pay a fine. The plaintiff originally took the case to court in order to make the two defendants pay back the 299,853,836.73-ruble loan.

The court of Nizhniy Tagil’s Dzerzhinskiy district ruled in favor of the local prosecutor’s demand that Uralvagonzavod pay moral damage compensation to the plant’s former worker who’d had an accident at work. The court’s decision came into effect on October 6, 2009, the spokesperson for Sverdlovsk Region public prosecution authorities reports. ‘It was detected in the course of our inquiry that the plant’s foremen were to blame for the accident, so the victim was not guilty of what had happened,’ the spokesperson explains. Dzerzhinskiy district’s public prosecutor, who took the case to court

Sverdlovsk Region Arbitration Court started processing the bankruptcy application of Nevyansk concrete goods plant. The company placed its application with the court on September 3, 2009 after its debts had run to over 100,000 RUR. The application was accepted by the court. The plant had actually faced some administrative liability in the past for putting up an apartment block in Nevyansk without conducting any state examination of their design documentation or engineering survey. The plant had also failed to get the official quotas for maximum permissible discharge of atmospheric pollutants.

Governor of Chelyabinsk Region Petr Sumin sent a letter to the Russian Federation Defense Minister Anatoly Serdyukov regarding the three-year contract the state had signed with the regional Ural car factory. The agreement was signed in 2007 and provided for the delivery of 8,390 vehicles to the Russian military forces in 2008-2010. The contract was worth over 11.7 billion RUR altogether. The spokesperson for the Governor reports the factory has been meeting the contractual obligations and will deliver 2,300 vehicles to the army in 2009. However, the Governor explains in his letter to the

Governor of Chelyabinsk Region Petr Sumin sent a letter to the Russian Federation Defense Minister Anatoly Serdyukov regarding the three-year contract the state had signed with the regional Ural car factory. The agreement was signed in 2007 and provided for the delivery of 8,390 vehicles to the Russian military forces in 2008-2010. The contract was worth over 11.7 billion RUR altogether. The spokesperson for the Governor reports the factory has been meeting the contractual obligations and will deliver 2,300 vehicles to the army in 2009. However, the Governor explains in his letter to the

The Central Bank of Russia reports volume of loans offered by Uralfinprombank to private for-profit organizations despite overdraft declined by 27.06% (from 22.011 million RUR to 16.053 million RUR) in August 2009.

ALNAS (part of ChTPZ Group’s Rimera O&G maintenance division) delivered a set of electric-centrifugal pump units to Serbia’s state-run oil company NIS. NIS has no experience in terms of using these units, as all their oil has so far been produced with the help of deep-well oil pumps. This is why the two parties’ contract provides for the installation and start-up of the machinery in three pilot wells as well as for training of Serbian staff by ALNAS experts. ‘This project opens a brand new Serbian oil-production equipment market to us. Provided all the tests go smoothly, our orders for

Aston Construction Company is now on the list of enterprises whose debt to the Russian Federation budget has exceeded 1 million RUR. The list was has been prepared by Sverdlovsk Region’s division of the Federal Tax Service; it comprises 187 legal entities altogether.

Sverdlovsk Region Arbitration Court is to consider Pnevmostroymashina’s insolvency application on October 5, 2009. The court has to decide just how well grounded the company’s bankruptcy claims are. Pnevmostroymashina actually placed its application with the court on September 3, 2009. Five days later, KAB Bank Société Générale Vostok placed its own claim with the court, demanding that their debtor be declared bankrupt. Since Pnevmostroymashina was the first to apply for bankruptcy, the bank’s claims will only be considered by the court after the insolvent company’s case has been dealt with.

Kommersant Publishing House and the Association of Russian Managers compiled a rating of Russia’s most professional managers, with ‘the best selecting the best’. According to Magnitogorsk Iron & Steel Works (MMK) PR Department, the company’s BOD Chairman Viktor Rashnikov was featured in the Business Leaders rating among the country’s top executives and managers of largest enterprises. The rating also includes a list of one hundred department managers that mentions several MMK directors; for one, MMK Management Company’s Vice President Vladimir Shmakov was referred to as one of the best

Governor of Chelyabinsk Region Petr Sumin appointed Vyacheslav Yagodinets his official representative in the town of Karabash. According to the spokesperson for the Governor, Yagodinets is expected to help the city council to implement their recession-fighting measures, with emphasis placed on the stable performance of the communal housing services department and functional engineering infrastructure of Karabash in the coming winter months. He will also control the way the regional budget’s subsidies are spent and will supervise a number of environmental projects. Vyacheslav Yagodinets was

Kommersant Publishing House and the Association of Russian Managers compiled a rating of Russia’s most professional managers, with ‘the best selecting the best’. According to Magnitogorsk Iron & Steel Works (MMK) PR Department, the company’s BOD Chairman Viktor Rashnikov was featured in the Business Leaders rating among the country’s top executives and managers of largest enterprises. The rating also includes a list of one hundred department managers that mentions several MMK directors; for one, MMK Management Company’s Vice President Vladimir Shmakov was referred to as one of the best

The Bank of Russia’s PR Department reports their new authorized representatives were appointed in forty-eight Russian banks, including Yekaterinburg-based Bank Severnaya Kazna, Bank24.ru, and Bank Yekaterinburg. This was done in accordance with Article 76 of the Federal Bill on the Central Bank of the Russian Federation. The Central Bank actually directs its executives to the banks that have earlier received some money from Foreign Trade Bank, the Bank of Russia, the Ministry of Finance, and the Deposit Insurance Agency State Corporation; these officials are supposed to monitor and supervise

According to the Central Bank of Russia, volume of loans offered by UIC-Bank to private non-profit organizations for 181 days to 1 year went down by 18.76% (from 169.462 million RUR to 137.662 million RUR) in August 2009.

The bonds of Bank Severnaya Kazna (Alfa-Bank’s asset), coded as svkb01, have recently been taken off RTS Board due to their expiry. This news was announced via Russian Trading System’s official website. RTS Board is an information system meant for providing quotations of shares, bonds, and investment shares issued by Russian companies as well as quotations of foreign issuers’ securities that are not eligible for RTS trading. RTS Board currently contains data on 1,759 securities issued by 1,307 different companies.

‘Our experts are going to monitor every stage of launching the dry ash handling system in Reftinskaya power plant in order to protect the locals’ interests as well as the region’s energy security,’ Sverdlovsk Region Minister for Energy and Communal Housing Services Yuri Shevelev announced at an ad hoc meeting. Reftinskaya (Enel OGK-5) claims switching to dry ash handling will ease the strain on the air and water pools the plant has been using. However, the representatives of the International Socio-Environmental Union and Reftinskiy Environmental Safety Center insist that the public hearings

The Central Bank of Russia reports the volume of non-state for-profit organizations’ deposits in VUZ Bank (valid for the period of 31 to 90 days) declined by 32.99% in August 2009, that is, from 74.691 million RUR down to 50.05 million RUR.