‘Everything Mayak Corporation says is untrue. The apartments the company was obliged to allocate to militia only concerned two newly put up buildings,’ Mayor of Yekaterinburg Arkadiy Chernetskiy claimed in the course of a monthly meeting on the local construction projects chaired by Governor of Sverdlovsk Region Eduard Rossel. The Mayor referred to the apartment blocks in Bazoviy Lane, Yekaterinburg. Mayak Corporation’s President Marina Konkova, who made a report at the meeting as well, said the buildings couldn’t get commissioned because of the municipal authorities’ counterwork. ‘We suggest

Sverdlovsk Region has for a long time remained Ural Federal District’s leading area in terms of the number of operating banks: there are currently twenty-five of them in the region, according to the Central Bank’s report as of March 1, 2008. Tyumen Region, with its twenty-three banks, and Khanty-Mansiyskiy Autonomous Region, with its twelve banks, are the district’s second and third most developed regions in terms of banks’ presence. Sverdlovsk Region is only outstripped by Moscow, with its 554 banks, Saint Petersburg, with its forty-one banks, Dagestan, with its thirty-three banks, and

BrokerCreditService keeps using ads that fail to explain to customers that a unit investment trust’s share price can go both up and down. In the meantime, the lack of such information could mislead the customers into underestimating the risks related to investing in unit investment trusts.

Central Bank of Russia reports volume of loans given by Bank24.ru to sole traders for up to 30 days went down by 100% (from 50 million RUR to zero) in January-February 2008.

Ural Airlines is to start operating the carrier’s first scheduled flight to Italy on April 27, 2008 using A-320 aircraft’s business class. It will take the passengers 5 hours and 20 minutes to get from Yekaterinburg to the destination point. ‘The local business community has a lot of important ties with the Italian companies. There are five representations of foreign companies and more than ten joint ventures with Italians’ investments operating in Mid-Urals at the moment. Moreover, two Italian giants, Duferco and Stoppani, have shareholdings in Sverdlovsk Region’s major enterprises, while

Governor of Sverdlovsk Region Eduard Rossel announced in the course of a monthly meeting on the local construction projects that he decided to solve the problem of jet fuel in Koltsovo airport once and for all. ‘Ours is Russia’s most expensive jet fuel, so Ural Airlines’ aircraft get filled in Moscow now because it’s cheaper,’ the Governor said. Mr. Rossel believes an additional filling station is needed to create competition, which is expected to help the fuel price go down. The Governor said they might use LUKoil to set up the airport’s second station.

The Academic construction project manager Stanislav Pridvizhkin reported in the course of a monthly meeting on the local construction projects that their project met the schedule just fine. The construction process began in October 2007. The first part of the project to be completed will be block 2.3 - a block of 1,075 apartments and underground parking lots fit for 700 cars with all the necessary engineering, housing maintenance, public services, and commercial infrastructure. Yekaterinburg’s future district was designed so as to meet the predicted 30% increase in the number of cars used by

Magnitogorsk Iron & Steel Works (MMK) is currently implementing a new technique known as the Balanced ScoreCard System It took the company’s experts, assisted by CIFT and Deloitte Touche representatives, two years to develop this innovation that is still widely underused by Russian industrial enterprises. Launching BSC means MMK and the country’s metallurgical industry in general are improving on their management and approaching the international standards. MMK’s PR Department reports BSC makes it possible to set a company’s strategic goals in very clear figures, so every employee’s

Central Bank of Russia reports volume of loans given by Uralprivatbank to natural persons for up to 30 days went down by 100% (from 850,000 RUR to zero) in January-February 2008.

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 28.34% (from 19.93 million RUR to 14.281 million RUR) in January-February 2008.

‘Ural Airlines currently operates up to twelve flights to Moscow; now, thanks to the flights becoming more frequent, our customers can choose the best option for them and plan their business trips with the greatest possible convenience time wise,’ the airline’s press officer said to UrBC. ‘The recent increase in the number of flights involves week days mainly. The newly added flight leaves Yekaterinburg at 9.30 AM and takes off in Moscow at 11.30 AM,’ the press officer said. The company’s complete timetable is available at One can book and buy a ticket either through any of the carrier’s