The value of net assets of Energy – Mixed Investments (the unit investment trust) managed by Eurogreen Management Company Ltd. went down by .65%% between August 23, 2007 and August 24, 2007. According to Eurogreen’s website, the company’s net assets decreased from 4,869,717.18 RUR on August 23, 2007 to 4,838,121.42 RUR on August 24, 2007.

RENOVA Stroy Group announced an open contest on developing and promoting the concept of the future Academic district of Yekaterinburg; the winner will be able to sign a contract with the company. Academic construction project is RENOVA’s first multi-faceted area development program currently implemented in Russia. The new district is to appear in the south-west of Yekaterinburg and is expected to occupy 2,500 hectares of land, with 1,200 hectares covered by forests and parks and 1,300 hectares used for putting up over 9 million square meters of housing and over 4.2 million square meters of

According to the Central Bank of Russia, volume of loans given by Sverdlovsk Gubernskiy Bank to for-profit self-regulatory organizations for 1 to 3 years went down by 25.87% (from 1,066,036,000 RUR to 790,341,000 RUR) in January-July 2007.

‘We don’t usually offer Bank URALSIB’s mortgage schemes to our customers because many of the terms are not very suitable for our agency. There are plenty of much more appealing mortgages available from some other banks,’ Tatiana Bersina of RTA Ltd said to UrBC. Ms Bersina says a lot of their customers admit that URALSIB’s mortgage offers are far from being advantageous for them. ‘This bank’s mortgages have overwhelming interest rates and extremely great demands for the amount of money placed as the first installment. Besides, many of our customers come from places outside Yekaterinburg,

Ural Airlines started its traditional fall season ticket sale; the prices have already dropped down to 2,500 to 3,000 RUR apiece, the carrier’s press officer reports. The new prices will be offered on tickets for Yekaterinburg-Krasnodar, Yekaterinburg-Anapa, and Yekaterinburg-Sochi flights; the cheapest tickets are available at 2,575 RUR, 2,775 RUR, and 3,025 RUR, respectively (excluding the fuel and agents’ fees). The airline’s customers can acquire the tickets in any of Ural Airlines’ offices and use these advantageous prices to go on a fall vacation. As for the passengers who prefer to

Central Bank of Russia reports volume of loans given by Uralprivatbank to for-profit self-regulatory organizations for 31 to 90 days went down by 50.5% (from 7.1 million RUR to 3.515 million RUR) in January-July 2007.

‘I don’t believe foreign companies are actually very interested in entering the Russian stock market. I’d say the businesses that really do want to break into it are the ones operating in the CIS and the ones located in the countries that seek to cooperate with Russia rather than the West, such as Kazakhstan, Byelorussia, Ukraine, and, very likely, Tajikistan and Uzbekistan,’ Director of BrokerCreditService Company Ltd Viktor Nemikhin said to UrBC. The Federal Financial Market Service is currently elaborating a new bill that would allow foreign enterprises to offer their shares at Russian

Rosnedvizhimost (the state land-laws watchdog) revealed 38,000 violations of land laws in Russia in the first half of 2007, with 4,437 state inspectors responsible for the land surveillance. Over 92,000 inspections aimed at checking the compliance with the existing legislation were conducted in January-July 2007, which exceeds the figures for a year earlier by one-third. The greatest number of violations was recorded in the Republic of Bashkortostan (3,130), the Republic of Tatarstan (1,890), Krasnodar Territory (1,689), Sverdlovsk Region (1,647), Moscow Region (1,214), Samara Region (1,169),

According to the Central Bank of Russia, volume of loans given by Tagilbank to for-profit self-regulatory organizations for 181 days to 1 year went down by 40.28% (from 59.1 million RUR to 35.298 million RUR) in January-July 2007.

URSA Bank set up its seventh office in the Republic of Tatarstan on August 7, 2007. The bank has already got branches in four local cities, namely, Kazan, Naberezhnye Chelny, Zelenodolsk, and Nizhnekamsk. The new office is located at 12 Adoratskiy St. in Kazan. URSA Bank’s Tatarstan Branch Retail Business Director Vitaliy Sernov says the bank’s retail services are targeted at offering popular high-tech banking products and quality service to their customers. The city dwellers can now use the bank’s loans (including car loans) and money order services and perform foreign currency operations