First Deputy Head of Sverdlovsk Region Government and Minister for Economics and Labor Mikhail Maximov chaired a meeting of the committee responsible for supporting entrepreneurial stability in the region. The meeting participants looked into the economic state of events at seven local companies and heard reports from the representatives of Uralasbest, Ural Optical & Mechanical Plant, Uralmashzavod, Pervouralsk-based Dinur, Sverdlovsk Railway O&M Plant, Rezh Mechanical Plant, and Natalyinskiy Glass Works.

All those present noted that Uralmashzavod kept going through some grave economic troubles, so the plant’s losses might come to 200 million RUR by the end of 2009.

‘This machine-building giant has had to stop all of its upgrading projects and cut down on everything they could,’ the committee said.