HomeMaterials for 13.12.2007
13 December 200709:17

URSA Bank’s social report wins decoration

The awarding ceremony of the Best Social Report/Sustainable Development Report 2007 contest took place last week. The contest first took place in 2006 within the framework of the ESRA-European Sustainability Reporting Awards in order to praise the Russian companies that are trying to both implement some social welfare projects and come up with social reports on this. URSA Bank received a decoration called Debut. This year, the bank has for the first time drawn up a social report that meets the international GRI G3 standards and has already undergone an audit procedure, the bank’s press
13 December 200709:15

SKB-Bank gets 8 billion RUR worth of natural person investments

SKB-Bank was able to raise the amount of investments by natural persons by nearly 1 billion RUR in just one month, the bank’s press officer reports. The bank’s Deposit Director Denis Belogurov believes this has to do with the traditional increase in income Russian citizens usually experience at the end of the year: ‘Many companies give their employees end-of-year bonuses, some people get dividends and other types of seasonal income. Quite often, they don’t get to spend everything because of the holidays, so people choose to deposit this money with a bank.’ 'Besides, banks tend to raise
13 December 200709:07

Standard & Poor's says Sverdlovsk Region’s rating promotion is hindered by unstable budget, volatile profit tax income, increasing outgoings, and lack of investment

Standard & Poor's confirmed Sverdlovsk Region’s long-term credit rating at BB, while the raging outlook was changed from Stable to Positive. 'We reconsidered the rating due to the ongoing economic growth within the region,’ says Irina Pilman, Standard & Poor’s credit analyst. According to the agency’s official report, Sverdlovsk Region is one of Russia’s most developed industrial areas, yet its rating promotion is hindered by unstable budget, volatile profit tax income, increasing outgoings, and lack of investment. At the same time, these negative factors can be made up for
13 December 200709:05

Uralmashzavod’s heavy-duty crane tested in India successfully

A heavy-duty crane made by Uralmashzavod has been successfully tested at one of nuclear power stations in India. This crane was shipped to the end user in June 2005; it weighs 600 tons and is capable of lifting up to 450 tons. The crane is extremely durable and has great operational capacity even under very trying circumstances. For instance, the crane can operate during a nine-point earthquake (on the Richter scale). This was the first time a crane of such durability and forbearance has been made in Russia. Uralmashzavod has made five cranes for the Indian power station altogether. Apart