SKB-Bank has offered over 5 billion RUR worth of loans to small and medium enterprises so far. The number of loans came to more than 10,000. RBC.Rating reports SKB-Bank is one of Russia’s top ten banks in terms of loans given to small and medium-scale businesses. SKB-Bank keeps working on the development of its lending practices, as growth of small and medium-scale business is an important catalyst of Russian economy and these companies actively cooperate with the banks. Experts believe only 20% to 25% of Russian small businesses’ demand for loans has been satisfied so far. ‘Our Spin Up

Sberbank’s Ural branch signed a government contract with Sverdlovsk Region’s Youth Affairs Department regarding the bank’s participation in the federal housing program in 2007, the bank’s press officer reports. According to the contract, the state offers young families a subsidy they can use to buy themselves a place and transfers the money into an account that has to be opened in Sberbank of Russia. The particular sum depends on the number of family members and comes to 35% to 40% of the dwelling’s cost. After a family has found a suitable apartment and provides the bank with the purchase

A report was made by Academic construction project’s manager Stanislav Pridvizhkin in the course of a monthly meeting on the socially important construction in Sverdlovsk Region. The meeting was chaired by Governor Eduard Rossel. ‘We manage to stick with the construction schedule. Eight cranes are currently employed at the site, and all the engineering infrastructure is to be commissioned in the third quarter of this year. The water conduit will be commissioned in the very near future,’ Stanislav Pridvizhkin said. The Governor and the region’s Minister of Construction and Housing Maintenance

According to the Central Bank of Russia, volume of for-profit self-regulatory organizations’ deposits in UralFinPromBank valid for 181 days to 1 year plummeted by 100% (from 19.5 million RUR to zero) in January-May 2008.

The public prosecution authorities’ investigation that followed the accident at Demidov Business Center’s construction site (based in Boris Yeltsin St. in Yekaterinburg) in February 2008 resulted in a criminal lawsuit. The charge is based on Article 2 (part 143) of Russian Criminal Code and involves violations of labor safety regulations that resulted in involuntary manslaughter. On February 29, 2008, two employees of Iset Construction Company were working on the wall forms of the elevator shaft when due to violations of safety rules they fell down on the bottom of the shaft. One of them was

The participants of the project known as the School of Managing Director supported by Nizhniy Tagil Iron & Steel Works (part of Evraz Group) have recently come back from a professional training workshop in Germany. Looking into the organization of production processes at German enterprises was the final stage of the company’s young managers’ training. The company’s middle level managers first went through internship under Nizhniy Tagil Iron & Steel Works’ leading experts and experts from a number of other Russian enterprises. Their training abroad was focused on prospects and

Central Bank of Russia reports volume of nongovernmental financial organizations’ deposits in UniCreditBank valid for 91 to 180 days dropped by 93.41% (from 355.967 million RUR to 23.445 million RUR) in January-May 2008.

‘Nothing has changed regarding the apartment buildings in Bazoviy Lane over last month. Even though there are no legal reasons why Mayak, the developer, should not be given the commissioning permit, Yekaterinburg’s municipal authorities prevent them from getting it,’ Mayak’s Vice President Alexander Kobernichenko announced in the course of a monthly meeting on the socially important construction in Sverdlovsk Region. The meeting was chaired by Governor Eduard Rossel. ‘The city council has numerously claimed that the buildings don’t get commissioned because of their clashes with us related to

Aston, the local developer, keeps putting up its Aston Plaza, an eighteen-storey apartment building in Radischev-Gurzufskaya St. despite the fact that Sverdlovsk Region’s public prosecution authorities insist on freezing the construction process. The building in question has already been featured in eleven lawsuits, and the neighboring buildings’ dwellers have laid numerous claims against the developer as well as engaged in large-scale protest picketing. The complaints have to do with the fact that that this high-rise building would block all the sunshine from the nearby apartment block,