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. Last Updated: 07/27/2016

Regional Economic Digest



Aviation factory "Sokol" will present new amphibian planes "Accord-201" and SShV-2 at the Aviation exhibition in Gelendzhik.

The air show will take place on September 6-10 in Gelendzhik. The main subject of the air show will be hydro-aviation, with the main models exhibited - amphibians.
In contrast to its presentation at the prestigious but expensive Farnborough show, In Gelendzhik "Sokol" will show not only stand models, but the "real-life" exhibits - multifunctional turbo-prop aircraft "Gzhel" and the already mentioned amphibians "Accord-201" and SShV-2.

"Nizhegorodskiy Rabochiy" (Nizhniy Novgorod), 09.08.2000

The management of the Nizhniy Novgorod Association of Industrial Enterprises to meet with the Nizhniy Novgorod administration, heads of tax bodies, energy and gas monopolists.

The meting is aimed at giving way to mutual claims in the presence of Nizhniy Novgorod governor and the attempt to smooth the existing conflicts.
"Nizhegorodoblgas", the regional gas supplier, is to take up a tough position in regards of debtors: in August reduced energy supply is planned for 72 regional enterprises, in present 230 consumers have been cut off electricity. The factory managers had to quickly consider the use of alternative fuel for the boilers, as gas burning comes out as an expensive fuel.
The aggregate debt of regional gas consumers amounts to RUR 1.5 billion. The aggregate debt against the energy company amounts to RUR 5 million, including the debt of the Nizhniy Novgorod social sphere at RUR 300 million.

"Nizhegorodskiye Novosti" (Nizhniy Novgorod), 09.08.2000


Enterprises within "Siberian Aluminum" production circuit reported considerable output rise in the first half of 2000.

The average output increase reported by Bratsk, Krasnoyarsk and Sayany aluminum smelters made 3%. Samara metallurgical factory reported a 37% rise in rolled metal production in the first half of the year. Increased output figures speak in favor of the company's progressive development dynamics.

"Samarskiye izvestiya" (Samara), 09.08.2000


Yesterday Ilia Klebanov, deputy Chairman of Tatarstan's Government, became chairman of the board at KamAZ.

The election procedures took an hour, in spite of the expectation, that 1.5 months will require for approving the manager replacement via the shareholders meeting vote. Farit Gazizulin, Minister of Property relations, acting on behalf of the Russian Government, used the right to replace the representative of the companies, controlled by the Government. He replaced Victor Pylnev, appointed to that post 1.5 months ago, by I.Khlebanov. Yesterday, after an excursion to KamAZ, the new candidate was introduced to the members of the board and instantaneously elected chairman of the board.
In present, after placement of the 3-d issue of KamAZ bonds, convertible into shares, the main owners of the factory are: the Russian Government, represented by the Ministry of Property Relations (35.84%), the Republic of Tatarstan (13.92%) and 4 commercial banks (Sberbank, Vneshtorgbank, Vnesheconombank and "Imperial" - 23.51%).

"Vriemia i dengi" (Kazan), 09.08.00


Volgograd regional administration attracted RUR 700 million credits into the local agricultural sector this year.

A year ago the credits attracted to the local agricultural sector amounted to RUR 100 million. Thus, the regional administration solved the problem of fuel and lubricants supply for the agricultural enterprises. Two tranches of commodity credits, granted by "LUKoil", secured by the regional budget, and the thirds tranche, secured by the local budget, being placed recently, will fully satisfy the needs of the local agriculture sector.

"Gorodskiye vesti" (Volgograd), 09.08.2000


"Azot" (Berezniaky) is one of the Russia's leading nitrogen fertilizers manufacturer.

In the first half of the year the factory increased ammonia output 1.7 times, and other nitrogen fertilizers - by 1/3. Consumer output rise amounted to 42% compared with the similar period of 1999.

"Zvezda" (Perm), 09.08.00

Perm statistics committee drew up the regional economic results for January-June 2000.

In the first half of 2000 the aggregate output of industrial products and services amounted to RUR 51 billion (calculated in current sales prices). Large-scale and medium-scale enterprises reported output at RUR 48 billion. From the year's beginning output growth amounted to 117.3%, both for the whole industry and for large-scale and medium scale enterprises.
In general the majority of industry sectors reported the output figures, exceeding those of the similar period of 1999. The major output rise was posted for mechanical engineering and metal processing (148.2%), light industry (131.5%), construction materials industry (131.4%), glass and medical industries. The following industries reported considerable output growth: ferrous metallurgy (by 26.2%), chemistry and oil chemistry (by 15.7%), oil refining industry (by 13.3%), pulp and paper industry (by 14.4%).
The structure of industrial products showed no changes in the first half of the year. The major part of production is still concentrated in four leading industries. Electric power industry has 10.9%, fuel industry - 22.2%, chemistry and oil chemistry - 20.3%, mechanical engineering - 12.6% of the overall production volumes. These four industries report 2/3 of the overall regional output. Ferrous and non-ferrous industry reported 1/9 of the overall regional output, timber industry - 8.2%.
In the first half of 2000 the large-scale and medium scale enterprises reported the aggregate sales volume at RUR 50.3 billion, calculated in current prices, showing a 119.0% increase from the year's beginning.
In January-June 2000 large-scale and medium enterprises sold innovative products at the total amount of RUR 992 million (here belong products, undergone technological changes). The portion of innovative products in the total sales volume is 2.0%.
The scope of contracts, concluded for the future periods, amounts to RUR 26.4 billion, including 40% (RUR 9.5 billion) of export contracts.

"Zvezda" (Perm), 09.08.00


Top management of Novosibirsk energy and mechanics factory claimed bankruptcy in the arbitration court.

Prior to that the factory restructured its debts, but the burden of overdue liabilities accumulated for several years, was unbearable: thus, the interest on the factory's debt against the budget amounted to RUR 30 million, with the amount of penalties exceeding the debt itself.
The factory management, backed by the local government, decided to initiate bankruptcy proceedings, aimed at financial rehabilitation of the factory, executed pursuant the current laws.

"Sovetskaya Sibir" (Novosibirsk), 09.08.00

Novosibirsk to become the only Russian city to house production of unique semi-conductor facilities based on the modern hydro-lithium technologies.

On August 3 the Russian Minister of Nuclear Energy Evgeniy Adamov, governor Victor Tolokonskiy and the chairman of the Russian Academy of Sciences Nikolay Dobretsov signed a protocol on developing the regional program for power energy development.
Novosibirsk is the only Russian city with the unique scientific and industrial base for producing the modern semi-conductor equipment. The so called power modules, using the hydrodilithium and monosilane technologies, will aid to considerable energy saving in every sphere, where this equipment is used.

"Sovetskaya Sibir" (Novosibirsk), 09.08.00


On some business results of Kuzbass coal industry in the first half of 2000.

The regional coal developers surpassed the coal extraction targets set up for July 2000 by 3.2%, reporting additional output at 281 thousand tons of coal. The total coal extraction from the year's beginning amounts to 64.5 million tons of coal. The planned estimates are surpassed by 2 million tons of coal, showing a 5% increase compared with the first seven months of 1999.
Company "Kuznetskugol" reported excellent performance. From the year's beginning the company increased the planned extraction by 923.6 thousand tons, showing a 12.4% rise compared with the similar period of 1999.
"Kuzbassugol" reported improved performance since 1999. Its total coal output amounted to 9 million tons of coal, including 775 thousand tons additional to the estimated figures.
"Kuzbassrazrezugol" is showing good operation in the open mining coal extraction. Like in 1999 face teams are leading in coal production, posting the estimated production at 500 thousand tons. In present the company has 45 face brigades, including 15 brigades, having undertaken production exceeding 1 million tons of coal. According to the industry results, drawn for the seven months of 2000, there are ten brigades, promising production of 1 million tons.
Open mining "Taldinskiy-Severniy" and mine named after Dzerzhinskiy, belonging to "Prokopievskugol" reported coal output at 500 thousand tons.
Two years ago only two regional coal enterprises reached the 1 million extraction target: "Zenkovskaya" and "Tyrganskaya" coal mines. The majority of the regional coal extractors hardly reached 500 thousand tons.
This year was crucial for the majority of coal industry enterprises. In July the companies, overlapping the half-a-million margin, became known. It was the time, when Ya.Lavgentiev, director of "Taldinskiy-Severniy" mine, said that the open mine coal extractors will make everything possible to reach the 500 thousand tons. Recently the margin of 1 million tons does not look frightening.
Mine named after Dzherzhinskiy was burdened by misfortune throughout 1999. As a result the formerly successful mine found itself in the debtors list. This year did not bring grounds for optimism. It was in this year that the new head of the mine V.Smetiuk turned towards improving the employer's discipline, being a real problem at the mine: last year it led to an accident, which resulted in a long halt in production. The results were short to follow, and the mine once again became the industry leader. One of the open mine brigades planned extraction of 0.5 million tons of coal in 2000.

"Kuzbass" (Kemerovo), 09.08.00


Ten nominal corporate scholarships to be granted to gifted students of the Siberian State Technology University by the UKOS oil company.

Half of the scholarships is meant for specialist training in chemical technologies of natural energy resources and carbonic substances. According to Edward Buka, university head, the University has established long-term relations with the oil company, particularly in the field of research and implementation of new environmentally safe motor fuels.

"Krasnoyarskiy rabochiy" (Krasnoyarsk), 09.08.2000


Korshunovskiy mining complex reported business results for the first half of 2000.

In the first half of the year the ore enrichment plant, the mining pits and the main workshops showed stable operation, reporting ore output growth and increase in concentrate production. From the year's beginning output of final products amounted to 2.18 million tons, which are regularly delivered to West-Siberian Metal Smelters.
Recently external manager of the mining complex, backed by the "SUAL-ore" firm undertook several efforts for replenishing the park of the heavy-weight BelAZ trucks, mining equipment and facilities. Above RUR 50 million was invested into equipment replacement and modernization, and the program tends to expand further on.
The financial state of the mining complex remains tough, said Evgeniy Potapov, the economy manager. The complex successfully effects the current payment, including salary payments, and is in the process of overdue debt recovery. The situation with the debts to the federal budget, tax debts and income tax for previous years is more complicated. The current output is not sufficient for debt recovery, while the amount of overdue liabilities tends to grow.

"Vostochno-Sibirskaya pravda" (Irkutsk), 09.08.00


The first lot of coal from Kharanorskiy mining pit to be delivered to thermal power station for the first time after the month's delay.

The plans for normalizing the situation stipulate daily deliveries of one railway train of coal, which will make the total of 3 thousand tons of high-calorie fuel for the main regional energy producer.
The money for coal deliveries was allocated by Vladivostok municipal administration. Besides, with the help of the regional administration "Dalenergo" managed to solve the problem of payment for the transportation costs with the Zabaikalskaya railway. All payments are now done through the final destination station, i.e. Vladivostok department of the Far Eastern railway.

"Vladivostok" (Vladivostok), 09.08.00

Electricity may be switched off for enterprises of Artem, financed from the municipal budget.

The aggregate debt of the city enterprises against "Dalenergo", the main regional energy supplier, amounts to RUR 8 million. Here belong institutions, engaged in the health, culture, agriculture and community services.
According to the "Dalenergo" representatives, the debts lead the company to crisis, which in its turn may to the regional energy shortage in the winter season.

"Vladivostok" (Vladivostok), 09.08.00

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