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,