The awarding ceremony of the first All-Russian Person of The Year in Metallurgy and Metal Trading 2007 competition took place in Moscow. The contest is largely targeted at making the achievements of metallurgical enterprises better known to the general public. Magnitogorsk Iron & Steel Works (MMK) Chairman Viktor Rashnikov won in the Business Reputation category, MMK’s press officer reports. The award was given to him to signify his great contribution to the development of Russia’s largest metallurgical enterprise. With Mr. Rashnikov in management, the company was able to double its metal

According to a rating compiled by the Delovoy Kvartal magazine, SKB-Bank proved to be one of Sverdlovsk Region’s banks with the greatest number of offices and subsidiaries throughout Russia: the bank is reported to have set up eighty-two offices (nineteen of which are located in Yekaterinburg, thirty-one in Sverdlovsk Region, thirteen in Ural Federal District, and nineteen in other parts of the country) by November 1, 2007. Apart from that, SKB-Bank is the region’s most dynamically expanding bank with the greatest number of subsidiaries introduced in January-October 2007. Moreover, SKB-Bank

Whether Absolut is going to be sold by auction has not been settled yet; however, a few companies have already placed their bids, and Khortytsa, a major Ukrainian strong drinks producer, was one of those. Vadim Drobiz, the spokesperson for the Union of Strong Drink Market Players, says the tender might never take place after all. ‘The global liquor market is experiencing a huge vodka boom at the moment, and this boom is likely to last for a decade or so, which means the price Absolut can be bought at now ($5.5bn) is going to rise by $1bn a year on average. So the brand is bound to cost much

Central Bank of Russia reports volume of loans given by TyumenEnergoBank to for-profit self-regulatory organizations for 31 to 90 days went down by 85.63% (from 567.03 million RUR to 81.506 million RUR) in January-October 2007.

ChTPZ-Complex Pipe Systems had its Transcert certificate (level 2) renewed. The certificate is part of the facultative certification system and was given to the company in 2006 by the National Institute of Transport Standardization, Expertise and Certification. In fact, these certificates had earlier been given to all the member enterprises of ChTPZ-Complex Pipe Systems: to a pipe plant in Chelyabinsk, MSA a.s. based in the Czech Republic, and an enterprise located in Magnitogorsk. Having this certificate as a proof of the quality of services rendered by Russia’s major oil transportation

Olips, a developer from Yekaterinburg responsible for the Dirigible Mall project, is about to start making the design and concept of the mall (developed by Cushman&Wakefield Stiles&Riabokobylko) a reality. Firstly, the company needs to put up an extension to the existing mall: a three-storey building with the total area of 48,740 square meters with a gallery that will connect it to the older building. The ground floor will be given to a hypermarket, the other two floors are meant for shops and entertainment. There are going to be 32,000 square meters to rent altogether. In addition,

Central Bank of Russia reports volume of loans given by Sverdlovsk Gubernskiy Bank to for-profit self-regulatory organizations for 31 to 90 days went down by 75.23% (from 176.067 million RUR to 43.606 million RUR) in January-October 2007.

The Ural Bank for Reconstruction and Development raised its core capital and was therefore promoted to the 86th position in Interfax-CEA’s Russia’s Top 100 Largest banks rating. According to this rating, the bank’s core capital amounted to 2,774,900,000 RUR on October 1, 2007, which was 26.3% better than at the beginning of 2007. 'Bank capitalization growth can be observed throughout the entire country; banks need to survive despite the fierce competition and the customers’ growing demands, so they are trying to accumulate some assets of their own,’ the Ural Bank for Reconstruction and

According to the Central Bank of Russia, volume of loans given by VUZ Bank to sole traders for 31 to 90 days went down by 34.71% (from 3.48 million RUR to 2.272 million RUR) in January-October 2007.

Central Bank of Russia reports volume of loans given by AGROPROMBANK Credit to for-profit self-regulatory organizations for 91 to 180 days went down by 43.64% (from 770.281 million RUR to 434.158 million RUR) in January-October 2007.

The value of net assets of Energy - Mixed Investments (the unit investment trust) managed by Eurogreen Management Company Ltd. went down by .08% between November 6, 2007 and November 7, 2007. According to Eurogreen’s website, the company’s net assets decreased from 4,043,827.89 RUR on November 6, 2007 to 4,040,717.02 RUR on November 7, 2007.