The construction process of MMK Atakaş A. Ş., a Russian-Turkish joint venture, began in the course of a solemn opening ceremony in Iskenderun, Turkey, the spokesperson for Magnitogorsk Iron & Steel Works (MMK) reports. The ceremony was attended by the Turkish Deputy Prime Minister Nazým Ekren, Russian ambassador in Turkey Vladimir Ivanovskiy, MMK Chairman Viktor Rashnikov, and Atakaş CEO R. Atakaş. Mr. Rashnikov said in his welcoming remark that the project was important for both MMK and Atakaş’s strategic plans as well as for Russian-Turkish cooperation as a whole. MMK and Atakaş decided

According to the media reports, the authority of Evgeniy Terebenin, the General Director of Autoland car center, has been terminated; the company’s press officer refused to give any comments. It has been reported that Mr. Terebenin is going to become the company’s Development Director, while the center’s former Regional Director in Ufa and Magnitogorsk Konstantin Kudryavtsev is to be appointed the new GD.

Last year, Chelyabinsk Tube-Rolling Plant and Pervouralsk New Pipe Plant (members of ChTPZ Group) paid 6.123 billion RUR worth of taxes, which exceeds the figures for a year earlier (5.25 million RUR) by 17%. This includes 2.485 billion directed to the federal budget, the Group’s press officer said to UrBC. Chelyabinsk Tube-Rolling Plant paid 3.191 billion RUR worth of taxes in 2007, which is nearly 1.5 times more than the 2.188 billion RUR paid in 2006; this included 1.424 billion RUR directed to the federal budget, 1.337 billion RUR transferred to Chelyabinsk Region’s budget, and 154.6

Central Bank of Russia reports volume of loans given by SberInvestBank to natural persons for 1 to 3 years went down by 30.11% (from 25.126 million RUR to 17.561 million RUR) in January-February 2008.

The value of net assets of Energy – Mixed Investments (the unit investment trust) managed by Eurogreen Management Company Ltd. went down by .39% between March 12, 2008 and March 13, 2008. According to Eurogreen’s website, the company’s net assets decreased from 2,947,296.72 RUR on March 12, 2008 to 2,935,701.17 RUR on March 13, 2008.

The results of a research conducted by the National Agency of Financial Research (NAFI) show that Russian people are most aware of fixed-term deposits and consumer loans as far as financial services are concerned. ‘One can’t help noticing that people are becoming increasingly more financially literate; they have by now realized that one does not have to save up for years to buy something one needs; taking a loan from a bank is much easier. At the same time, the days when people used to hoard their cash are gone as well. Russians are now taking advantage of bank deposits and see them as a way

‘Providing economic security is a totally new skill that one cannot pick up at the Federal Security Service or the Ministry of Internal Affairs’ schools or academies. This is a kind of expertise based on the combination of experiences and practices shared by hundreds of experts of all sorts, who have been working in the field for years and sometimes learned from their own mistakes. Nowadays, a professional economic security expert is not just a security officer but also someone with deep knowledge of business security technologies with some actual experience of putting them to practice,’ Oleg

RBC Daily’s analysts used Expert RA’s research data to compile the rating of Russia’s Top 100 Banks in 2007. According to the agency, the country’s banking system grew as dynamically as in 2006 despite the difficulties related to borrowing on foreign markets; the banks’ assets rose by 44.1% last year, which is quite comparable with 44.05% in 2006, while the market capitalization reached 57%, which is 6% better than in 2006. As for the rating, only three Yekaterinburg-based banks actually managed to hit it; the Ural Bank for Reconstruction and Development could boast the greatest asset volume

MOTIV, one of Sverdlovsk Region’s leading mobile operators, is currently operating in 510 cities and towns within the region, while the number only came to 453 as recently as six months ago; so, the company’s network has grown by 12.6% since September 2007. Most of the newly covered towns (twenty-three places) are located in the east of Sverdlovsk Region, particularly in Pyshminskiy and Talitskiy districts; the rest of the towns and villages are situated in the north-east of the region (Irbitskiy, Slobodo-Turinskiy, and Tavdinskiy districts), in the north (Verkhoturskiy, Gornouralskiy,

‘If the state, represented by Rosimuschestvo, decides to cancel its renting agreement with Koltsovo airport, it absolutely does not have to sign a new agreement with the airport rather than anyone else,’ Intellect-C’s Legal Safety Director Roman Rechkin said to UrBC. In the meantime, Rosimuschestvo filed a complaint with Sverdlovsk Region Court of Arbitration regarding the need to cancel its renting agreement with Koltsovo airport. The premises in question include the state-owned runways and other objects. Mr. Rechkin believes the airport has no priority rights whatsoever, as these rights are