According to the spokesperson for SKB-Bank, First Vice Prime-Minister Dmitriy Medvedev announced at the recent online conference that he believed reducing interest rates on mortgage loans was possible. ‘We aim to make it go down to as little as 6% or 8%. This is absolutely feasible.’ ‘Reducing interest rates on mortgages naturally fits into the whole strategy of the national project known as Affordable Housing. Undoubtedly, given the favorable market opportunities (that is, the slowing inflation rate), we shall have some drops in the interest quite soon. I would say it is possible that the

‘The introduction of the visa section in German Consulate-General gives local people extra opportunities to travel to Schengen area; it’s just that one will have to spend the better part of time in Germany,’ says Olga Gular, Director of Zima-Leto Travel Agency. ‘As a matter of fact, there are quite a few ethnic Germans in Ural Federal District, so, with a chance of getting a visa in Yekaterinburg, more people will undoubtedly start traveling to Germany at the invitation of their relatives of friends. We used to send such applications to Moscow, but things got much easier now. I think we’ll

Minister for International and Foreign Economic Relations of Sverdlovsk Region Viktor Koksharov held a meeting with some British builders, reports the spokesperson for the Governor of Sverdlovsk Region. British architects, developers, legal and consulting experts arrived in Yekaterinburg to conduct a workshop devoted to multi-faceted town planning and development. Mr. Koksharov presented a report on the state of events in the city, saying that over 1,280,000 square meters of dwellings were commissioned last year, with the builders’ total turnover coming to over 56 billion RUR. He said the

‘Today’s opening of visa section in German Consulate-General in Yekaterinburg is a very happy event for us. We would like our tourists to have an opportunity of traveling to Germany, given especially the availability of direct flights from Yekaterinburg. Regional residents find going to Moscow for a visa interview expensive and inconvenient, so a visa section here is going to make trips to Germany much more affordable,’ Inna Averyanova, Director of Inna Tour Travel Agency, said to UrBC. The solemn opening ceremony took place on March 6, 2007. The Consulate is already issuing Schengen visas,

According to SKB-Bank’s press officer, the number of accounts opened with the bank every month has gone up 2.5 times since the beginning of the year. ‘This dramatic increase is the result of a combination of some attractive offers we’ve made, namely, new flexible tariff schemes, high technologies, and extensive office network,’ says Business Development Director Evgeniy Pavlov. At the end of 2006, SKB-Bank came up with some new schemes for point-of-sale services known as Start, Comfort, and Business Class. The cost of things like money order and getting cash now depends on the intensity of

The solemn opening ceremony of visa section in Consulate-General in Yekaterinburg took place on March 6, 2007. The event was attended by the Consul General in Yekaterinburg Tilo Klinner and Governor of Sverdlovsk Region Eduard Rossel. The Consulate is already issuing Schengen visas, with applications accepted since February 27; there have been over a few hundred applications already. Due to some technical problems, these are only the residents of Sverdlovsk Region that can apply for a German visa here. People living in other Ural regions will still have to apply in Moscow. A visa can only be

‘Russian meat-processing companies might have to raise prices due to bans on import from the U.S., France, Germany, Uruguay, and Brazil, since we’ll eventually switch to new suppliers. The only companies that will manage to deal with the constant supply shortages will be those seriously considering setting up their own meat source. Our plant, for example, started renovation of Laiskiy pig farm meant for 108,000 head of cattle as early as 2003,’ says Sergey Emelyanov, CEO Good Taste Meatpacking Plant. Rosselkhoznadzor (the state agricultural watchdog) put temporary limits on meat export from a

‘70% discount on tickets to Israel offered by Ural Airlines is enjoying great demand. The prices fell on February 19, 2007, and a lot of tourists have already taken advantage of the offer. We have been told the tickets are not easy to buy at the moment since they get sold out well in advance. Now is the best time for visiting Israel: it’s not too hot, so one can enjoy the tours and pay a visit to Jerusalem. I think the offer of Ural Airlines will appeal not only to local Hebrews but to travelers just wishing to see this beautiful country as well. This discount is a very nice thing for our

Federal Antimonopoly Service in Sverdlovsk Region received a payment order which states that Heineken Commercial Service based in Saint-Petersburg paid their fine, reports the spokesperson for Federal Antimonopoly Service. The antimonopoly authority had earlier declared Heineken was violating the advertising law and imposed a 40,000 RUR fine. The suit was initially filed against the company based on complaints placed by Agency for Protection of Cultural Heritage in Ural Federal District. Heineken Commercial Service placed neon signs saying ‘Heineken’ and ‘Guinness’ on the façade of Bolshoi

‘The arrival of federally important players on Yekaterinburg’s catering market has made the competition fierce; so far, however, it has only done good to both consumers and local chains. The market has not become saturated yet, which is why it is highly unlikely that any of the companies are going to leave. In this respect, McDonald’s hasn’t changed much,’ says Nadezhda Buriko, the spokesperson for Kupets supermarket chain. ‘Fast food as such is not very popular in this country. Russians are used to having a full-course meal rather than just picking up a hamburger. This is why restaurants

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