The Second Freight Company might soon be established in Sverdlovsk Region; the preliminary decision to this extent was made in the course of the talks involving President of Russian Railways Vladimir Yakunin, Sverdlovsk Region’s authorities, and the management of Sverdlovsk Region Railways. First Deputy Head of Sverdlovsk Region Railways Valeriy Fomin informed the reporters on Friday that the address of the new company’s official headquarters should be determined at the Russian Railways BOD meeting that is most likely to take place in August 2010.

OAO Uralneft reports its net profit declined by 20.94%: the figure came to 18.93 million RUR over the current financial period, whereas in the previous financial period, the net profit amounted to 22.89 million RUR, the company says. Uralneft does not specify, however, what exactly the term ‘financial period’ stands for. The enterprise explains the decrease in net profit was brought about by shrinking sales of goods and services.

‘So far, we have sold 30% more tours this year compared with a year earlier, and 10% more tours than in the year 2008. At the same time, the vacations grew, on average, 20% more expensive against the season of 2009,’ Director of Zima-Leto Group Olga Gulyar says. ‘As for the most popular destinations, Turkey has traditionally broken all the possible records. The other popular t holiday destinations are enjoying demand this year as usual, for example, this is true of Egypt. The popularity of tours to Tunis is exceeding our tour operators’ boldest expectations; in fact, no last-minute offers are

OAO Vladivostok Avia keeps sustaining increasingly more losses. The carrier’s net loss actually amounted to 729.099 million RUR over the current financial period, which exceeded the loss sustained in the previous financial period by 117.284 million RUR, or 19.17%, the airline’s official release states. The company does not specify, however, what exactly the term ‘financial period’ stands for. It says the worsened financial performance has to do with a 17% drop in the average passenger fares because of Russia’s major air carriers’ dumping policies on the domestic flights market. What is more,

OOO VIZ-Stal came up with a performance report for the first half of 2010. The company produced 69,300 tons of steel in January-June 2010, which was two times more than the amount manufactured in the first half of 2009. The figure comprises 68,800 tons of grain-oriented steel and 500 tons of dynamo steel. The enterprise reports their grain-oriented steel production output increased against the first half of 2009 due to the gradually recovering global demand for this kind of steel; this demand, however, is still lower than that before the start of the recession.