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.

‘We are already offering our customers New Year trips to Thailand and ski resorts in Austria, Switzerland, and Abzakovo. The most inexpensive holiday for two in Thailand will cost you about $5,000. Those willing to spend a vacation in Switzerland between December 27, 2008 and January 10, 2009 will have to pay some ?4,200 per person for a stay at a four-star hotel,’ says director of Barkhatniy Sezon Travel Agency Tatiana Berseneva. ‘The cheapest winter recess tours available on January 2-10, 2009 will come to ?2,200 per person, excluding the cost of the flight,’ she added.

Central Bank of Russia reports volume of private individuals’ deposits and other investments in Tagilbank valid for up to 30 days dropped by 37.09% (from 2.154 million RUR to 1.355 million RUR) in January-July 2008.

According to the National Managers’ League’s profitability ranking of unit investment trusts as of August 22, 2008, the share price of CIT Fortis Russian Telecommunications (CIT Fortis Investments Management Company) has gone down by 39.86% since the beginning of the year.

‘Our new deposit type known as The Magnificent Seven is a combination of seven advantages bank deposits can offer. We’ve looked in several deposit types and came to the conclusion that all the differences lie in seven basic parameters that shape the customer’s choices in the end,’ says URSA Bank’s Ural branch’s Vice President Alexei Sannikov. ‘The first advantage lies in the nice interest rate. The second one consists in the fact that the interest rate on deposit increases automatically as more money is transferred into the deposit account. The third advantage lies in the possibility of

‘Primexpo claims they are coordinating a kind of industrial exhibition yet unique to Yekaterinburg, but this is not quite true. We’ve had plenty of exhibitions like this, including, for example, Ural - Techno, Science, and Business that featured all the industrial branches. This fair has been held in Yekaterinburg for fifteen years now,’ says Natalya Bessonova, who runs an exhibition-coordinating company. Saint Petersburg-based Primexpo announced it was about to enter Sverdlovsk Region’s exhibition and fair market with its IndustryExpo project scheduled for November 2008. ‘Universal fairs are

‘Prices keep rising drastically in Sverdlovsk Region, and food prices are no exception. One has to realize, however, that the region cannot be isolated from the events that affect the whole country’s economy,’ First Deputy Head of Sverdlovsk Region Government and Minister of Economics and Labor Mikhail Maximov said in the course of a press conference in Yekaterinburg. ‘One fundamental challenge Russia has to face is related to the fact that people’s expenses go up faster than their actual income. The country’s income rose by 8%, while the spending increased by 16%. This can’t go on for much

‘Several offices were burgled at 8 Lenin St. in Yekaterinburg on August 26, 2008. A group of law-enforcement officers is working on the scene of the crime now,’ Leninskiy district’s Internal Affairs Administration shift superintendent Anatoly Nefedov reports. The building at 8 Lenin St. used to host Yekaterinburg non-ferrous metals processing plant but is now let to several companies.

Ural Airlines is to start operating an additional direct Yekaterinburg-Nadym-Yekaterinburg flight on September 2, 2008 in order to meet the passengers’ increased needs. The flight will be performed on an An 24 airplane. The plane takes off in Yekaterinburg at 8.50 AM and arrives in Nadym at 11.50 AM; then the plane leaves Nadym at 12.45 PM and lands in Yekaterinburg at 4 PM, the airline’s press officer reports.

According to the National Managers’ League profitability ranking of unit investment trusts as of August 22, 2008, the share price of BCS Fund Index MICEX (BrokerCreditService Management Company) has gone down by 25.23% since the beginning of the year.