Central Bank of Russia reports volume of loans given by VUZ Bank to private individuals for 181 days to 1 year went down by 45.64% (from 210.978 million RUR to 114.674 million RUR) in January-June 2008.

The construction of two new railroads with the total length of 1,500 kilometers is to begin in the Urals in 2010, Plenipotentiary Representative of Russian Federation President in Ural Federal District Petr Latyshev informed Russian President Dmitriy Medvedev. Petr Latyshev said this would be done within the framework of the project on the industrial development of the northern parts of the Urals (known as The Industrial Urals-The Polar Urals). In fact, the project has already moved into the implementation stage, as the main railroad from Polunochnaya station to Obskaya station is already

The dwellers of Moscow Region like to keep their savings in foreign currency, while the rest of Russian citizens keep them in rubles: this is the conclusion the recent survey conducted by Bashkirov & Partners comes to. According to the survey, people who tend to keep their savings in foreign currency mainly live in Moscow (11%) and other large cities (15%); some of them are top executives who feel they make a lot of money (19%). At the same time, 43% of ‘average’ Russians invest their money in ruble deposits. This figure exceeds the results for 2005 by 7%. The survey analysts report

Ural Federal District’s division of General Prosecutor’s Office reports they detained the person who is believed to have masterminded a financial pyramid and to have stolen over a billion RUR. The name of the detainee is not being revealed for security reasons. The authorities say their investigation revealed the fraudster had been advertising his scheme quite conspicuously for a number of years, promising great profits from interbank foreign exchange market speculation. The unsuspecting people were invited to invest in the firms controlled by the fraudster, who, in order to lure more

Renova-StroyGroup-Akademicheskoye took part in an exhibition devoted to low-rise construction in Sverdlovsk Region with its housing complex project known as the 45th Quarter. This future complex will be located in the south-east of Yekaterinburg, next to the city’s future Academic district. The main idea behind the project is to combine the advantages of suburban low-rise housing with the amenities of a big city with its social and transport infrastructure. A group of government officials (Head of Sverdlovsk Region Government Viktor Koksharov, deputy head of the State Duma’s Budget and

Eldorado, a consumer electronics and home appliances chain store, denies having any financial problems whatsoever. ‘We’d like to officially declare that any information related to the letters we allegedly sent to our suppliers asking them for a delay of payment is not true. Eldorado never sent any letters of this kind to any of its partners, and our finances are quite stable,’ Eldorado’s PR Manager Nadezhda Mikheeva said to an UrBC reporter. In the meantime, Eldorado has been rumored to be experiencing certain financial difficulties and asking its business partners for unscheduled time

According to the Central Bank of Russia, volume of loans given by SberInvestBank to sole traders despite overdraft plummeted by 100% (from 1.519 million RUR to zero) in January-June 2008.

Head of Sverdlovsk Region Government Viktor Koksharov held a business meeting with the British Kingfisher’s executives (the company’s Real Estate Director Michael Bjerklund and Project Manager Ksenia Mostovskaya), the UK Consulate General in Yekaterinburg’s Advisor for Trade and Investments Yulia Alexeeva, the region’s Minister for Trade, Food, and Services Vera Solovieva, and Minister for State Property Management Alexei Molotkov. Viktor Koksharov said Sverdlovsk Region was quite interested in the large British low-price retailer’s arrival; however, Yekaterinburg seemed to be lacking

According to the Central Bank of Russia, volume of loans given by Bank24.ru to sole traders for up to 30 days dropped by 100% (from 50 million RUR to zero) in January-June 2008.

Central Bank of Russia reports volume of loans given by Sverdlovsk Gubernskiy Bank to sole traders for 1 to 3 years went down by 30.16% (from 333.034 million RUR to 232.576 million RUR) in January-June 2008.