Federal Antimonopoly Service in Sverdlovsk Region is going to consider the suit of Noviy Grad (the local developer) regarding violation of advertising law on March 29, 2007. The developer placed an ad with BLIZKO.RU magazine on December 6, 2006 promising to offer winter holiday discounts on the price of a flat between December 4 and December 29, 2006. Each customer was promised a discount, a present, and an all-prize lottery participation with prizes distributed at the company’s office. The prizes would be drawn using the first installment receipts. Federal Antimonopoly Service sent an

‘Pavel Chernavin and Rais Garifulin’s selling their share holdings and Severnaya Kazna Leasing Company Ltd. becoming the bank’s shareholder means Severnaya Kazna is preparing for an auction. This is likely to happen even earlier than I had expected, that is, before the end of 2007,’ claims Vitaliy Kalugin, Assets Manager of Unicom Partner Investment Company. ‘If these shares are eventually acquired by Chairman Vladimir Frolov from Severnaya Kazna Leasing Company Ltd., the bank may be sold shortly after the semiannual account,’ Mr. Kalugin says. ‘Should the leasing company wish to keep the

According to the bank’s official report, Severnaya Kazna has recently redistributed its shares among the company’s shareholders. Chairman of the Supervisory Board Andrei Volchik increased his share in the bank’s authorized capital from 4.021% to 10.024%, or by 5.003%. Member of the Board of Directors Rais Garifulin sold his 5.002% share and ceased to be the bank’s shareholder. Severnaya Kazna Leasing Company Ltd. became the new stockholder through acquiring a 19.028% holding from Member of the Board of Directors Pavel Chernavin, whose share in the bank’s authorized capital now comes to 0%.

According to the bank’s official report, Severnaya Kazna has recently redistributed its shares among the company’s shareholders. The report, which is an obligatory thing to produce if the company takes any steps that could influence the price of its stock, was published on March 14, 2007; it says that Member of the Board of Directors Pavel Chernavin reduced his share in the bank’s authorized capital from 19.028% to 0%. Member of the Board of Directors Rais Garifulin sold his 5.002% share and ceased to be the bank’s shareholder. According to the corporate website, Mr. Chernavin was the second

Governor of Sverdlovsk Region Eduard Rossel commented on the recent visit of a group of Russian executives headed by Minister for Trade and Economic Development Hermann Gref to France. The Governor himself took part in MIPIM 2007 (Europe’s leading international investment exhibition) that was held in Cannes on March 13, 2007. According to the Governor’s press officer, Mr. Rossel had a chance to meet the management of Auchan, the retail supermarket chain, and to discuss the future development of the company in the Urals. The management was reported to be considering setting up four or five new

Owing to the upcoming overhaul of check-in zones 1 and 2 of Koltsovo airport used for domestic flights, they will be closed down on March 15, 2007. The decision was taken by the airport management because of the order of Yekaterinburg State Fire Surveillance Department regarding the need for the immediate closing down of these zones. All the flights that used to be serviced there will now have to use the remaining four sections, reports the airport’s press officer. The Fire Surveillance Department had been examining the premises of the airport in terms of compliance with the fire safety

The regional post offices received more than 5,000 notices of arrival of a foreign citizen at the place of residence in January-March 2007. Yekaterinburg post office received 3,500 notices, the post office of Verkhnyaya Pyshma got about 500, and Pervouralsk post office got 120 notices, reports the spokesperson for the Federal Post in Sverdlovsk Region. The project known as Migration Notices emerged two months ago following the federal legislation on migration records regarding foreign citizens and apatrides signed on July 18, 2006 and the Russian Federation Government Regulation as of January

‘There are four basic factors that play a decisive role when one chooses a mortgage scheme. Firstly, how quickly a bank considers your application and the nominal interest really matter. Secondly, a client wants a bank that would offer them better terms, given especially that the banks tend to become less picky lately. Thirdly, a customer usually wants to get the money on the day the agreement was signed. Finally, clients still see the low interest rates and high upper limits on the amount of money they want to borrow as their top priorities,’ Dmitriy Zhuchkin, Director of KUB Ltd., a real

The Federal Environmental, Technological, and Nuclear Surveillance Agency (aka Rostechnadzor) started scheduled inspections of Mayak Production Association based in Ozersk, Chelyabinsk Region, today, reports their press officer in Ural Federal District. Rostechnadzor officials are going to check how effectively the company complies with the environmental norms and regulations. The same kinds of examinations conducted by the agency’s experts based in Ural Federal District are to take place on the premises of Klyuchevsk Ferroalloys Works and Metallurgical Industrial Complex of Magnitogorsk.

According to the research conducted by the Federal Statistical Service on the socio-economic development of Russian regions in 2006, the number of the unemployed registered with Sverdlovsk Region placement service went down 10.3% (against December 2005) at the end of December 2006 and amounted to 35,600 people. Sverdlovsk Region has the lowest unemployment rate (less than 1.5%) compared to the other regions of Ural Federal District. 31,800 people are currently on the dole, which is 10.4% less than in 2005.