Magnitogorsk Iron & Steel Works (MMK) held a conference devoted to its new e-trading floor; this can be found at This is part of the company’s development program based on the idea of being open and transparent. The e-trading floor means the enterprise has reached a new level of relationship with customers and suppliers. It took MMK, Cognitive Technologies, and Borlas eight months to launch the project in 2007. The program uses Oracle iStore, which makes it totally compatible with the entire Oracle E-Business Suite. When setting up this e-floor, MMK was trying to offer its customers a new

Central Bank of Russia reports volume of loans given by UralTransBank to for-profit self-regulatory organizations for up to 30 days went down by 57.79% (from 32.341 million RUR to 13.65 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 .92% between November 12, 2007 and November 13, 2007. According to Eurogreen’s website, the company’s net assets decreased from 4,080,372.86 RUR on November 12, 2007 to 4,042,794.4 RUR on November 13, 2007.

Ural Airlines and Vozrozhdeniye Yekaterinburg Ltd. are going to sign an agreement regarding the construction of a group of buildings for the carrier on November 16, 2007. The event is to be attended by Governor of Sverdlovsk Region Eduard Rossel, the airline’s press officer reports. The agenda of the agreement-signing ceremony provides for a presentation of a miniature model of the future building that is expected to become the airline’s headquarters, complete with rooms for aircraft personnel, flight attendants, and the in-flight medical board, a conference room, Sales and Finance

RusRating promoted the Ural Bank for Reconstruction and Development’s credit rating from B- to B; the Rating Outlook was said to be Stable. 'The rating was improved because of the bank’s efforts to offer more loans to private customers, expand their subsidiary network, and achieve overall growth. Besides, they’ve got a nice share of the Urals’ private deposit market; they also enjoy a nice reputation on the Russian interbank market,’ RusRating says. In addition, the Ural Bank for Reconstruction and Development’s long- and short-term credit ratings were also confirmed at B- and C

Ural Airlines’ customers can now pay for their tickets online through Yandex.Money. 'This is a great way of paying for people who don’t have their own bank cards but who would still enjoy saving a little money, since online customers don’t have to pay the fuel fee when booking tickets for certain domestic flights and flights around the CIS,’ the carrier’s press officer reports. In addition, Ural Airlines is offering some branded souvenirs and gifts to all customers who pay through Yandex, and members of the airline’s Wings club will get a 50% bonus for booking and buying online. The

Central Bank of Russia reports volume of loans given by SberInvestBank to sole traders for 181 days to 1 year went down by 98.74% (from 10.95 million RUR to 138,000 RUR) in January-October 2007.

'The Service has gathered data on the existing agreements between banks and insurers in order to detect instances of violating the antimonopoly legislation. Our division received two cases to work on; these involve UralTransBank and Bank Severnaya Kazna. Both of them are now being processed,’ Deputy Head of Sverdlovsk Region division of Federal Antimonopoly Service Sergey Volkov said to UrBC. 'We found the agreement signed by UralTransBank and Military Insurance Company particularly interesting, as the paper says nothing about the tariffs, let alone the fact that they are bound to

Central Bank of Russia reports volume of loans given by Tagilbank to for-profit self-regulatory organizations for 91 to 180 days went down by 90.54% (from 4.788 million RUR to 453,000 RUR) in January-October 2007.

Federal Antimonopoly Service maintains that Home Credit and Finance Bank Ltd’s advertisements violate the Federal Advertising Act. The Service claims that some of the bank’s printed media ads (Start without a Commission, Voyage Credit, Credit 10-10-10 Variant, and Mobile Ten) give incomplete information on the loan terms. While they do indicate what the upper and lower limits on the interest rates are and that there exists an incidental commission for opening up a bank account, nothing is said about the other terms that actually determine how much a borrower would have to pay at the end of

The spokesperson for Sverdlovsk Region Railways Tatiana Makagonova reports the company has found out about the upcoming engine house employees’ strike, thinks it illegitimate, and is not going to take any action. The workers’ trade union demands that Russian Railways Public Company should raise the minimum wage, introduce extra pay for having to work in the health-deteriorating environment, flexi time, remuneration to long-time employees, and getting the trade union representatives on the commissions responsible for signing the Collective Agreement. The strike is to be supported by the