UralSvyazInfrom, the local phone operator, is going to unsubscribe its landline users with debts on September 12, 2006, which covers the total of 35,020 subscribers as of September 1, 2006. The procedure is expected to be phased out and will last until September 21. Some 2,000 users will be unsubscribed daily. In order to avoid this, the clients of the company must pay the last bill before September 11. The Federal law on telecommunication and the terms of the company’s service agreements state that the subscribers shall pay their bills in due time, with the deadline indicated on the monthly

SibAcademBank JSC assessed the results of its activity in August. The bank has made 966m RUR of net profit since the beginning of the year, which exceeds the figures for eight months of 2005 by three times. Its net wealth rose by 7% and reached the point of 52,145m RUR on September 1, 2006; this figure increased by 2.8 times compared to a year earlier. The bank’s balance sheet total amounted to 69,562m RUR on September 1, 2006, which is 3.15 times better than last September. The bank’s equity capital comprised 7.816m RUR, which exceeds the figures for last September by 3.9 times, reports the

‘1,250,000 square meters of dwellings will be built in 2006, with the volume of mortgage loans to natural persons coming to 3,7bn RUR this year and 5.3bn RUR in 2007,’ First Deputy Head of Sverdlovsk Region Government for Economic Policy and Prospective Development Galina Kovaleva announced at the 4th international banking forum called Russian Banks in the 21st century. ‘In order to support builders who operate in rural areas and for civil servants as well as young professionals, we have allotted 182.1m RUR from the regional budget. Young families will also be given subsidies (the total of

Utair Airlines assessed the results of their activity in the eight months of 2006. Within this period, the company has serviced 1,609,288 passengers and handled 701.1 tons of airmail and 5,734 tons of freight. The company flew the 71,575 flight hours, reports the spokesperson for Utair.

Sverdlovsk Region keeps building up its share of export in the regional economic activity; the share of exported goods has gone up by 15.2% and amounted to $3,409m worth of produce in the first half of 2006; the share of imported goods reached the point of $812.3m worth of produce, reports the spokesperson for the Governor.

Following the decision made by the shareholders at the general meeting (and in accordance with the agreement obtained from the General Administration of the Bank of Russia in Sverdlovsk Region), former Chairman of the Board of Directors Sergey Lapshin was elected Chairman of the Management Board of Bank24.ru. He will start performing in this capacity on September 11, 2006. The former Chairman is going to join the Board of Directors.

Kyshtym Copper Electrolysis Plant CJSC (part of Russian Copper Company CJSC) is putting up a shop meant for production of rolled wire with the estimated capacity of 90,000 tons of copper wire rods a year. The shop should be launched in the middle of 2007. According to the spokesperson for Russian Copper Company, its total throughput in terms of rolled wire production is expected to rise to 200,000 tons annually, which means that the company will increase its throughput by twenty times (from 10,000 tons to 200,000 tons a year) within four years (2003-2007).

Given the global leadership of Japanese producers of powerful gas turbines and the design projects of Ural turbine makers (some projects provide for an over 57% coefficient of efficiency of a steam-gas turbine), these two parties, represented by Mitsubishi Heavy Industries and Ural Turbine Works (part of Renova Group), respectively, have impressively good grounds for close cooperation. This was the conclusion made by the executives of Russian and Japanese enterprises in the course of negotiations held in Yekaterinburg. MHI isn’t the first the first foreign company to take interest in our

The meeting of the Board of Directors of First Generating Company of the Wholesale Electric Power Market OGK-1 will be held on September 12, 2006. The points on the agenda cover the discussion of the company’s crediting policy report and the procurement activity report. The other points have to do with the preliminary approval of a transaction that could lead to liability whose scale depends on foreign currency. The voting will be performed in absentia until 6 PM on September 12, 2006. OGK-1 was registered on March 23, 2005 and, according to the decree of the Russian Government, it includes

As the Corporation’s acting PR Director Roman Fedulin said to UrBC representative, the decision of the Board to hold an extraordinary general meeting was made after the application of a shareholder who possesses around 10% of the company’s shares. The extraordinary general meeting of VSMPO AVISMA Corporation has been scheduled for November 7, 2006. Among the points on the agenda are: early termination of the Board Members’ powers and electing the new Board of Directors. The federal law on joint-stock companies, supported by the corporate Charter, states that shareholders possessing the total

World Association of Nuclear Operators will be examining Beloyarskaya nuclear power plant from September 3 to September 15, 2006; the expert team consists of 18 people, including the citizens of the U.S., France, India, the Czech Republic, Hungary, Slovakia, Bulgaria, and the Ukraine. The team has to assess the state of events at the plant in terms of quality and reliability of the plant operation and of the equipment maintenance, the condition of the engineering support and radiation protection, the extent to which the plant staff use the experience of their colleagues, the chemical

The shareholders of Bread-Making Plant of Zlatoust decided to float ordinary registered noncertificated shares in the course of the extraordinary general meeting. The shares are floated via convertion in case of a stock split, with 17,304 ordinary registered noncertificated shares with face value of 1 RUR each converted into 34,608 ordinary registered noncertificated shares with face value of .5 RUR each through splitting one ordinary registered noncertificated share with face value of 1 RUR in two ordinary registered noncertificated shares with face value of .5 RUR each; the old shares must

The Russian Government came up with the prospective federal property privatization plan for the years 2007-2009. This plan provides for privatization of 14 enterprises of Sverdlovsk Region, including UralAviaTechSnab JSC. 100% of this company’s authorized capital is owned by the government at the moment, and, according to the plan, 5,149 shares are to be sold to private holders. Given the medium-term forecasts for Russia’s socio-economic development and the estimates of the privatized companies’ cost in 2007, the federal budget is likely to receive 41bn RUR in the form of profits on sales.

Russian Copper Company CJSC has been putting up the third electrolysis shop at Kyshtym Copper Electrolysis Plant CJSC. Upon the completion of the project, the plant will produce 1.8 times more of cathode copper (up to 220,000 tons a year). The project requires $70m altogether, with the first section of the shop with the throughput of 50,000 tons a year will be launched in May 2007; the whole shop will be put into operation at the end of 2007. Thus the production capacity of Kyshtym Copper Electrolysis Plant will rise by 2.7 times (from 82,000 tons to 220,000 tons of cathode copper annually)

Following the decision of the company’s Board made on September 4, 2006, the extraordinary general meeting of VSMPO AVISMA Corporation has been scheduled for 2.15 PM on November 7, 2006. The meeting will take place in the town of Verkhnyaa Salda, Sverdlovsk Region (the assembly hall of the local Book Palace, 12 Parkovaya St.). Among the points on the agenda are: early termination of the Board Members’ powers and electing the new Board of Directors. The federal law on joint-stock companies, supported by the corporate Charter, states that shareholders possessing the total of no less than 2% of

The repair-and-renewal operations at the site of a fallen highway bridge were completed during the day yesterday. The railways at Sverdlovsk-Passazhirskiy-Shartash haul were cleared from the ferroconcrete blocs, and the first operational train used this section of TransSiberian main line at 2.50 PM Moscow time. According to the estimates of Sverdlovsk Region Railways, the damage done to Russian Railways amounted to approximately 40 to 50 million RUR. Since the highway bridge fell upon the railways, 111 freight trains and 104 passenger trains had to be delayed. While the teams of workers were

General Director of RosEnergoAtom Sergey Obozov visited Beloyarskaya power plant on September 5, 2006. This visit had been planned for and was not connected with any extraordinary issues. Mr Obozov was appointed acting General Director of RosEnergoAtom in March 2006 and has already visited all of Russia’s nuclear power plants since. Yet Beloyarskaya became the first plant to receive Mr Obozov in the capacity of GD proper after he won the application contest on Septermber 1, 2006. Mr Obozov visited BN-800, the power generating unit currently under construction, and the operating BN-600. He

The technicians of Vysokogorskiy Ore Mining and Processing Enterprise JSC (part of Evraz Group) started renovating the section of wet magnetic separation with installing the separators; the new Cavex Warman washing cyclones, Sandvik breakers (made in Sweden) and Derriсk tumblers (made in the U.S.) will be added to the rest of the equipment as well. This renovation has been scheduled within the framework of the company’s development program up to 2015; the program gives top priority to modernizing the processing facilities, which will begin with upgrading the equipment of Vysokogorskaya and

Verkhnetagilskaya power plant located in Sverdlovsk Region is currently under reconstruction. The main challenge facing the workers lies in not being able to put the power generating units out of operation even for a while, as it will be keenly felt by the electricity consumers. The technicalities connected with putting up the new power-generating unit will be discussed at a special meeting, to be attended by the representatives of regional power generating companies and of the All-Russian Institute of Heating Technologies. The new unit might be intoruduced some time after the year 2010; the

Within the first half of 2006, the average pay of an employee of Ural Turbine Works CJSC (part of Renova) has gone up by over 5% (from 10,800 to 11,400 RUR). Following the collective agreement, the works spent 2 million RUR on occupational safety, including 430,000 RUR spent on special foods. The enterprise invested over 1.8 million in clothing, shoes and personal protective equipment. Approximately 300,000 RUR were allotted to workers in the form of subsidies and 200,000 RUR were spent on summer holidays for the employees’ children. All these expenditures occasioned by the collective