‘We have four projects to present at the upcoming Cannes exhibition: the Academic construction project, a would-be urban district in the town of Berezovskiy, Yekaterinburg City, and a project known as the Guards of the Urals,’ says Governor of Sverdlovsk Region Eduard Rossel. The Governor believes these projects will interest the foreign builders. Renova Stroy Grop that has been handling the Academic construction project decided to take part in MIPIM 2007 in order to involve the most professional developers and the largest investors in their program; this concerns both dwellings and

The public prosecution authorities of Ural Federal District completed the investigation of the criminal suit regarding the downfall of the bridge constructed at the intersection of Shevchenko St., Vostochnaya St., and Sovetskaya St. in Yekaterinburg on September 4, 2006, reports their press officer. The inquiry revealed that due to the negligence of the director of Blagoustroistvo Municipal Enterprise (the company that ordered the bridge to be designed and constructed), all the building and assembly jobs had been performed without a building permit and on the basis of documents that were

The bank’s balance sheet total reached 143.1 billion RUR on March 1, 2007, which is 4.1 times better that a year earlier; the company’s net wealth is now 3.4 times last year’s amount and comes to 100.8 billion RUR. This year, URSA Bank keeps cooperating with the international financial bodies, which has already led to its attracted investments growing 4.9 times compared to March 1, 2006; they reached the point of 42.3 billion RUR on March 1, 2007. The bank’s deposit portfolio went up 2.6 times against a year earlier and amounted to 37.4 billion RUR, largely due to more investments coming from

Renova Stroy Grop decided to take part in MIPIM 2007, the world’s most respectable exhibition of real estate, to be held in Cannes, France, from March 13 to March 16, 2007. The company expects to present its Academic multi-faceted area development project using a 111-square-meter stand. The Academic construction project is a future residential area in the south-west of Yekaterinburg fit for 325,000 people with over 13 million square meters of buildings (that is, 9 million square meters of dwellings and 4.2 million square meters of commercial estate). This is both Europe and Russia’s largest

The Academic construction project devoted to the future district in Yekaterinburg was presented to the executives of Britain’s largest building and consulting companies: Arup, Eversheds, Buschow Henley, PRP Architects, WYG International, Knight Frank, British Expertise, and White Young Green. All these enterprises are quite experienced in the fields of consulting, design, engineering, building, developing, and project management and have great knowledge of commercial estate, storehouses, and housing markets. The meeting of the British experts with the management of the Academic project was

A group of Ausmelt executives visited Karabashmed, Sverdlovsk Region. According to the company’s Managing Director Paul Abbot, the Ausmelt furnace that is now installed at Karabashmed is going to raise their copper output without doing any harm to the local environment. This is particularly important for a town like Karabash, and the installation of the new furnace is part of an all-round reclamation program designed for the town. ‘Karabashmed managed to bring the furnace to its full capacity breathtakingly quickly. It normally takes from three to twelve months, whereas the company was able

114 land allotments with the total area of 6,527.6 hectares were provided for housing construction in Ural Federal District in 2006. Another 3,917.8 hectares were allotted for low-rise apartment buildings, reports Petr Latyshev, Plenipotentiary Representative of Russian Federation President in Ural Federal District. Last year, the Ural banks gave their customers approximately 30.1 billion RUR worth of loans meant for buying a place (against 11.7 billion in 2005). This is 2.3 times more than the target figures agreed upon with the federal authorities (12,827,500,000 RUR). All the Russian

According to the regional statisticians, Sverdlovsk Region invested $531.4 million in foreign assets last year, which is 2.8 times greater than in 2005 and falls short of the foreign investments in the region by 38.2%. Switzerland and the United Kingdom received the lion’s share of all investments (62.5% and 31.6%, respectively). The regional companies also invested $326,000 (or .1% of all foreign investments) in the countries of the CIS, mainly in the economy of Kazakhstan ($324,000). By the end of 2006, the volume of regional investments accumulated abroad amounted to $144.4 million; the

According to InterFax, London & Regional Properties are going to put up a large hotel in Yekaterinburg as part of the company’s program targeted at creating a hotel network throughout Russia. L&RP is prepared to invest $500 million in twenty hotels in Voronezh, Samara, Saratov, Kazan, Krasnoyarsk, Krasnodar, Chelyabinsk, Nizhniy Novgorod, Volgograd, Omsk, Ufa, Perm, and possibly Moscow. The company has already bought a land allotment in Rostov-on-Don in order to build a hotel/office center. A similar 26,000-square-meter center is currently under construction in Novosibirsk. In

According to regional statisticians, Sverdlovsk Region received $1,389,800,000 worth of foreign investments in 2006 (including those made in the national currency (6.694 million RUR)), which exceeds the figures for 2005 by 27.1%. The better part of money was invested in metallurgical industry (the figures exceed those for 2005 by 24.6%), communication (1.8 times more money was invested against a year earlier), and financial activity (this field received 8.3 times more money than in 2005). Fewer investments were made in extraction of fuel resources (10.3% less money was given compared to a