Activists in Berlin stage picket condemning Obama’s foreign policyWorld January 19, 21:17
Russian regulator promises to respond to any US restrictions of RT channelRussian Politics & Diplomacy January 19, 21:09
FIFA: Over 82,400 ticket requests applied globally for 2017 Confederations Cup in RussiaSport January 19, 20:17
Russia stands for developing legal tool to fight cyber hooliganismRussian Politics & Diplomacy January 19, 20:00
Russia is developing advanced hypersonic weapons — ministryMilitary & Defense January 19, 19:50
Former USSR leader receives Lithuanian court’s summons as witness in case over 1991 eventsWorld January 19, 19:29
FIDE chief says he plans to seek US entry after President-elect Trump’s inaugurationSport January 19, 18:56
Russian economy minister: Results of 2016 demonstrated adjustment to cheap oil, sanctionsBusiness & Economy January 19, 18:44
Russia ready to welcome Trump at economic forum in St. Petersburg — first deputy PMBusiness & Economy January 19, 18:29
IZHEVSK, April 6 (Itar-Tass) — The Izhevsk Machine Building Plant (Izhmash) has been declared bankrupt by a decision of the Arbitration Court of the Udmurtia Republic. On Friday, arbitration judge Irina Ryazanova passed a verdict, according to which, the Izhevsk Machine Building Plant is declared insolvent and bankrupt, and bankruptcy administration was introduced at the enterprise. The principal amount of the plant’s debt is 814,417 roubles and 80 kopecks.
The introduction of bankruptcy proceedings at the Izhevsk Machine Building Plant will make it possible to save the property of the company and the brand, Director General of the NPO Izhmash Research and Production Association Maxim Kuzyuk is certain. According to Kuzyuk, under this procedure, all enforcement proceedings will also be suspended, and the company settlement accounts will be unfrozen, which will simplify its settlements with contractors and timely meet all its current liabilities - tax deductions, payments under contracts, payment of wages, etc.
In 2011, the company jointly with the State Corporation Russian Technologies developed a concept of restructuring, within the framework of which a new company – Izmash Research and Production Association was established as a subsidiary of Russian Technologies to which all contractual obligations and personnel were transferred. It is planned to accomplish the transfer of the core activities to NPO Izhmash by the end of the first quarter of this year, and the the formation of the asset group - by the end of 2012.