Starting October 12, 2008, British Midland Airways will no longer operate any Yekaterinburg-London flights because of their economic inexpediency, the spokesperson for the company explained to an UrBC reporter. The company first introduced its London-Yekaterinburg-London flight on May 10, 2004. The launch of the flights was greatly facilitated by Governor of Sverdlovsk Region Eduard Rossel. Both the Governor and the airline’s general director then said the flight was a very promising one and were even considering launching the daily flights for the destination.

‘Having looked into this project, bearing in mind the existing social limits and the responsibility we have regarding the protection of historic buildings, and given the current financial situation, we would like our hotel construction project to be taken off your special list,’ Marriott Hotel project investor’s representative Alexei Kurbanayev said in the course of a monthly meeting devoted to the buildings that are under Governor of Sverdlovsk Region Eduard Rossel’s special control. In August 2008, Alexei Kurbanayev explained at a similar meeting that putting up Marriott Hotel was

CIT Capital’s Board of Directors decided to terminate the authority of the company’s current General Director on September 30, 2008 and to cancel his labor contract on the same date. Starting October 1, 2008, the company’s CFO Alexei Averkiev will be acting GD until the new director has been elected.

Rosgosstrakh and Eldorado chain store selling consumer electronics have recently announced that they would try to persuade the people who bought Apple iPhone communicator to acquire an insurance to go along with it. The cost of an insurance package will come to 999 RUR for Eldorado’s customers, with the insurance agreement valid through one year. The insurance is believed to enable an iPhone owner to get compensation in case the device gets stolen or damaged. At the same time, the insurance plan raises the price of an iPhone by 3.7% to 4.3%. Apple iPhone 3G will officially hit the Russian

URSA Bank has recently been accredited by the Deposit Insurance Agency, the state corporation. This means the bank’s new status allows it to take part in the tenders where banks compete for the right to be the agency’s mediators when it comes to insurance payments and paying off top-priority creditors. URSA Bank joined the obligatory deposit insurance system on September 21, 2004. The Deposit Insurance Agency currently cooperates with twenty-three banks in terms of compensation payments.