23 January 200809:11

Ural Bank for Reconstruction and Development hits shares and bonds ratings

The Ural Bank for Reconstruction and Development kept getting featured in MICEX and RTS (FORTS) ratings throughout most of 2007. For instance, the bank was present in MICEX share market rating as well as in the bond market one. These ratings include fifty market players with the greatest trade turnovers, selected carefully among more than six hundred contestants. In December 2007, the Ural Bank for Reconstruction and Development was given the 37th position in the share market rating and the 22nd position in the REPO bond market rating. Throughout last year, the bank’s position in FORTS rating
23 January 200809:09

Shadrinskiy Confectionery Plant offered for sale

The company’s proprietors decided to offer Shadrinskiy Confectionery Plant for sale. 'Our core activity has to do with the heavy industry, so this plant is a non-core asset we are interested in selling; after all, we’ve never been involved in the food industry,’ says ZOK’s GD Oleg Tobolets. Offered for sale is a 3.143-hectare land allotment in Shadrinsk, Sverdlovsk Region, occupied by a three-storey office block with the area of 1,888 square meters, three production shops (meant for producing caramel, gingerbread, and soft drinks) with the total area of over 4,600 square meters, garages,
23 January 200809:03

Some Aeroflot passengers unable to leave Havana for Moscow

Aeroflot-Russian Airlines has been experiencing some problems with its Havana-Moscow flights, as about thirty passengers per each flight aren’t able to board the plane this January due to lack of passenger seats. On January 18, 2008, twenty-five people couldn’t use SU 334 flight; some of the unfortunate travelers were Sverdlovsk Region dwellers. The spokesperson for Aeroflot, however, claims the flights are operated as usual and they have no seating problems whatsoever.
22 January 200809:11

Ural Bank for Reconstruction and Development praised by region’s government

The closing ceremony of the Days of Beneficence gave the representatives of Sverdlovsk Region Government an opportunity to say their thanks to businesses whose contribution was particularly felt in 2007. The Ural Bank for Reconstruction and Development was the region’s only financial market player to receive the honorary letter of thanks for their Proactive Charity Contribution and Social Welfare Projects in 2007, the bank’s press officer reports. Apart from the bank’s representatives, the ceremony was also attended by employees and managers of metallurgical, pipe-making, power engineering
22 January 200809:03

Duma deputies to consider authorities’ ban on buying Sverdlovsk Gubernskiy Bank’s shares

On January 23, 2008, Sverdlovsk Region Duma deputies are going to consider the public prosecution authorities’ potential ban on buying Sverdlovsk Gubernskiy Bank’s shares using the regional budget finances. The existing law states that the authorities’ notice of appeal must be considered at the regional Duma meeting as soon as possible, with the results of the meeting reported to the region’s prosecutor in writing. The Duma’s next meeting has been scheduled for January 22-23, 2008. Sverdlovsk Region’s public prosecution authorities believe the Duma’s decision to finance the acquisition of
21 January 200809:21

Magnitogorsk Iron & Steel Works makes 7.6% more metal goods in 2007

Magnitogorsk Iron & Steel Works (MMK) looked at the results of its activity in 2007. MMK was reported to produce 12.2 million tons of metal goods in 2007, thus exceeding the production output by 7.6% compared to 2006. This has been the company’s best-ever result so far. In 2007, the enterprise produced 9.482 million tons of cast iron (which falls short of the previous year’s figures by 2.6% due to the blast-furnace shop reconstruction) and 13.261 million tons of steel (which exceeds the figures for 2006 by 6.5% thanks to better use of the electric furnaces’ capacity). As a result, more