According to the Central Bank of Russia, volume of private individuals’ deposits and other investments in Bank24.ru valid for 1 to 3 years went down by 53.54% (from 409.772 million RUR to 190.353 million RUR) in January-July 2008.

URSA Bank has recently completed a $5.5m trade financing transaction. The money was obtained from the European Bank for Reconstruction and Development for Delrus, one of the major players on Russia’s medical equipment market. The transaction was carried out within the framework of the European Bank for Reconstruction and Development’s Trade Facilitation Programme (TFP). URSA Bank has been cooperating with the EBRD since October 2005. This particular loan will be used for buying medical equipment. In fact, URSA Bank also received $2.5m for a two-year period in June 2008 to finance the import

‘The Koltsovo airport of Yekaterinburg’s management’s decision to stop servicing Krasnoyarsk Airlines’ aircraft is actually in contradiction with the federal legislation on natural monopolies and protection of free competition. All the economic agents are supposed to settle their disputes in court without infringing on the consumers’ rights and interests. Otherwise, flights will inevitably be delayed, the passengers will be discriminated against, and the grave violations of the federal bill on consumer rights protection will be unavoidable,’ the region’s public prosecution authorities for

‘The Russian stock market is getting livelier again after the summer recess has come to an end and the investors are starting to buy more shares and bonds. At the moment, the market’s main influence is the world’s becoming more or less politically stable (mainly after Russia and the West came to terms with the war in the Caucasus) and the going down of Russian shares’ listings,’ SKB-Bank’s Trading Operations Director Evgeniy Batuyev said to an UrBC reporter. ‘At the same time, the U.S. economy still looks very alarming, whereas Russia’s relations with NATO and G8 members are currently far

Central Bank of Russia reports volume of for-profit self-regulatory organizations’ deposits in Bank Uralfinance valid for 1 to 3 years dropped by 67.02% (from 39.5 million RUR to 13.000027 million RUR) in January-July 2008.

UralFinPromBank’s Chairman Ildar Gubaev announced that the bank’s stockholders could buy registered uncertified common shares at a price of 12 RUR apiece. The proposal is to be accepted or otherwise decided upon within seventy days. At the moment, Ildar Gubaev and related stockholders own 65.68% of UralFinPromBank’s shares.

‘Our Magnificent Seven deposit was designed and developed in full compliance with the totally customer-oriented quality management system. We aimed to make the end product as convenient for the customers as is only possible,’ URSA Bank’s Ural branch’s Vice President Alexei Sannikov says. The bank executive reports the deposit was launched on the market in accordance with all the USP-promoting techniques: ‘First, we looked into our clients’ needs and worked with focus groups consisting of people who’ve got a deposit already and of those who don’t use our products; we carried out a number of

UC RUSAL’s Severouralsk bauxite mine (SUBR) is currently employing some components of the Japanese lean production system: Total Productive Maintenance (TPM), standardization, daily management, and the 5S principles. ‘We first started using the system in November 2007 when we identified the experimental areas and began training the personnel. It appears that the production shop workers, who had a chance to learn from UC RUSAL’s smelters’ experience, were able to master the system faster,’ says UC RUSAL’s spokesperson for the Urals Roman Lukichev. ‘Novo-Kalyinskaya mine, one of SUBR’s

A new steel-smelting complex meant for producing up to 950,000 tons of weldless tube casting a year will be launched at Pervouralsk New Pipe Plant (part of ChTPZ Group) in the first quarter of 2009. ‘The complex will provide ChTPZ Group’s Pervouralsk New Pipe Plant and Chelyabinsk Tube Rolling Plant with great quality casting that meets all the legal standards and requirements,’ ChTPZ Group’s press officer reports. ‘SMS-Demag’s technology that is to be employed in the new facility is currently the most advanced way of processing iron-bearing stuffs. The new facility will replace the older,

The region’s environmental committee’s latest meeting was dedicated to looking into the town of Krasnouralsk’s conservational agenda and the environmental program of Svyatogor, the town’s major polluter. The meeting was chaired by Sverdlovsk Region’s First Deputy Minister of Economics and Labor Vitaly Nedelskiy and Sverdlovsk Region’s First Deputy Minister of Natural Resources Galina Pakhalchak. Svyatogor is actually responsible for dumping over 97% of all pollutants the town is suffering from, including sulfur dioxide, nitrogen dioxide, lead, arsenic and its compounds. The enterprise’s

‘The Magnificent Seven, our latest deposit offer, is a complex and hi-tech product. It took our experts, accountants, and IT specialists all their capacity and creative potential to develop the product. Combining the daily capitalization of interest, the topping up option, and the increase in the interest rate depending on the growing amount of money in the deposit account was no easy thing. Some of our employees have actually ended up with a bit of grey hair on their heads, but the bank managed to launch this deposit at the end of the day,’ says URSA Bank’s Ural branch’s Vice President

Ural Airlines reports the company is going to fly its millionth passenger in 2008 on August 29, 2008. This will probably be someone on the company’s 8.20 AM Yekaterinburg-Moscow flight or 9.30 AM Yekaterinburg-Sochi flight. The lucky passenger will get a nice present as usual, the airline’s press office reports. Remarkably, the carrier is to welcome its millionth passenger of the year two months earlier compared to the year 2007. ‘This has to do with the greater number of aircraft we operate now. Ural Airlines is now using some Russian aircraft as well as five modern and comfortable A 320

A group of delegates from Sverdlovsk Region is going to visit the 50th international machine-building fair and the 6th machinery and tools exhibition (known as MSV and IMT, respectively) in the Czech Republic, says the spokesperson for the region’s Ministry of Industry, Power Engineering, and Science. The news was initially announced in the course of acting Minister of Industry, Power Engineering, and Science Yuri Zibarev’s meeting with the local ministries and industrial unions representatives. The fair has been scheduled for September 15-19, 2008. This year, the region’s delegation will

Central Bank of Russia reports volume of private individuals’ deposits in UralFinPromBank valid for 91 to 180 days dropped by 31.71% (from 61.116 million RUR to 41.763 million RUR) in January-July 2008.

Sberbank of Russia’s Ural branch’s advances portfolio consisting of loans offered for private plot development came to more than 1 billion RUR this summer. The bank offered its customers over 1,600 such loans worth 310 million RUR in January-July 2008, the bank’s press officer reports. This special loan offer was first launched by Sberbank in 2006 as part of the national agricultural development project. The offer’s primary advantage lies in the possibility of getting budgetary subsidies to pay a part of the interest on the loan. ‘Taking a loan from a bank makes a farmer’s work more

The local dwellers have to wait for up to four months rather that the legitimate thirty days to get their foreign passports done, Ordzhonikidzevskiy district’s division of the Federal Migration Service Administration in Sverdlovsk Region said to an UrBC reporter. Apparently, it did not help that Sverdlovsk Region’s public prosecution authorities grew alarmed as early as July 2008 and claimed the regional division of the Federal Migration Service kept violating the citizens’ right to a foreign passport. The prosecution authorities then insisted on eliminating the offense and prosecuting the

According to the Central Bank of Russia, volume of for-profit self-regulatory organizations’ deposits in Sverdlovsk Gubernskiy Bank valid for 181 days to 1 year went down by 64.28% (from 140 million RUR to 50 million RUR) in January-July 2008.

Central Bank of Russia reports volume of for-profit self-regulatory organizations’ deposits in VUZ-Bank valid for 91 to 180 days plummeted by 100% (from 1.2 million RUR to zero) in January-July 2008.

‘A multi-faceted area development project is something we should have come up with a long time ago. The sporadic housing construction problems large cities are struggling with are all rooted in failing to switch to the multi-faceted area development principle in time. We could have avoided quite a few complications if we had not kept overwhelming the Soviet-time engineering infrastructure with so many new buildings,’ First Deputy Head of Sverdlovsk Region Government and Minister of Economics and Labor Mikhail Maximov announced in the course of a press conference in Yekaterinburg.

Central Bank of Russia reports volume of for-profit self-regulatory organizations’ deposits in VUZ-Bank valid for 91 to 180 days plummeted by 100% (from 1.2 million RUR to zero) in January-July 2008.