‘Yesterday’s meeting of the Federal Insurance Surveillance Agency committee resulted in UralTransBank and ROSNO, the insurance company, reaching some sort of an agreement, namely, the parties decided that UralTransBank would once again produce all the papers related to their insurance claim on January 22, 2007. ROSNO, on its part, would take the final decision (whether to pay the money or motivate the refusal to do so in each particular case) on January 29, 2007,’ reports Olga Maslennikova, Vice President of the Association of Regional Russian Banks. The dispute originally started when the

UralSvyazInform, Sverdlovsk Region’s landline and mobile phone operator, informed its subscribers that the company’s radio broadcasting license expired on January 18, 2007. This information was published in Rossiyskaya newspaper and the Federal Financial Market Service Bulletin Supplement. This means that UralSvyazInform is currently operating without a license.

It is mainly due to the fluctuating prices on the global raw-material markets that the Russian stock markets find themselves in a bit of a downfall. Last Wednesday, for example, oil was sold at $50 per barrel. The success of the world’s stock markets, however, might act as the stabilizing factor for the Russian ones. RTS share index came to 1,808.8 points at the close of business on January 18, 2007, which means it’s only gone up .5 points within a week; MICEX share index reached 3,133.6 points. The reason why the global oil prices are going down is OPEC’s failing to keep its liabilities in

The builders that put up the water-conditioning building at Metallurgical Industrial Complex of Nizhniy Tagil (part of Evraz Group) are ready to deal with the equipment installation now. The building meant for conditioning water for the company’s heat and power plant is almost finished; the workers have nearly completed assembling the engineering facilities and bases for the power supply units. The first recycling units are expected to arrive at the end of January. A special equipment delivery schedule provides for delivery of all the appliances before the middle of the year. The

According to the Central Bank of Russia, the volume of loans given by UralTransBank to sole traders despite overdraft on current account went down 44.9% (from 33.994m RUR to 18.724m RUR) in January-December 2006.

According to the Central Bank of Russia, the volume of loans given by UralTransBank to natural persons for a term of 181 days to 1 year went down 32.5% (from 513.314m RUR to 346.298m RUR)in January-December 2006.

‘The Association of Regional Russian Banks classed the independent examination conducted by FBK Company at the request of ROSNO, the insurer, as not objective, since the expert never asked UralTransBank, the other party, for any information or papers. So, one could say that ROSNO only provided the expert with the documents it wanted to show,’ Vice President of the Association of Regional Russian Banks Olga Maslennikova said to UrBC representative. The dispute originally started when the two companies accused each other of failing to meet the terms of their general agreement regarding credit

‘The number of exhibition coordinators in Yekaterinburg is to go down in 2 to 3 years,’ Igor Filonenko, Director of Zashchita EXPO, announced at today’s press conference. ‘Organizing and holding an exhibition has grown quite difficult over the last few years due to the market development, increasing popularity of the service, and global awareness of its importance. The exhibition budget has been rising, too. An average event would cost approximately $3m in Europe or America,’ Mr Filonenko said. ‘Therefore, to be successful on this market, one needs at least profound knowledge of the

‘The introduction of the regional exhibition center must be coordinated between the subjects of Ural Federal District,’ says Deputy Mayor of Yekaterinburg Viktor Konteev. ‘An exhibition center is a significant project that is both money- and time-consuming. The expositions it is going to host will reflect the interests of the whole region, of the producers and entrepreneurs that work in Ural Federal District. Setting up such centers in every regional town does not seem expedient, so we need to try to agree with the other regions on where the center will be based and what format it will

Sverdlovsk Region did not get on the special tourist and recreation economic zones list, says the spokesperson for Sverdlovsk Region Ministry of Physical Education, Sports, and Tourism. The region placed an application with the Russian Federation Government, but received no answer in the affirmative; the reasons it has been refused haven’t been revealed yet. The Government has already approved of seven special tourist and recreation economic zones and allotted 325bn RUR of investments, 44.5 of which will be taken from the federal budget. The introduction of these zones is supposed to raise