‘We feel the state might create and stimulate the demand for certain sectors’ produce or for certain projects through a balanced and efficient policy. This is why, in our opinion, the government should focus on the building industry for the time being, which we see as the efforts aimed at developing the infrastructural sector,’ said Delovaya Rossiya Chairman Boris Titov at a Stolypin Club meeting. ‘Some large-scale projects might look as both appealing and well-calculated long-term investments. Some of them are only appealing, like the bridge to Russkiy Island, for instance, since the

A number of UC RUSAL’s Sverdlovsk Region-based Ural smelter will probably get transferred to Khakasia, even though the original idea consisted in moving them to the company’s smelter located in Krasnoyarsk. ‘It’s true that we did plan to have our people transferred to Krasnoyarsk, but the smelter there is also experiencing some problems at the moment, and some people are being made redundant. We’ve reached an agreement with our branch in Sayanogorsk, Khakasia, where a new plant is to open in the spring. A portion of Ural smelter’s employees might end up working there in May,’ the enterprise’s

URSA Bank had bought out over $274m worth of its Eurobonds by March 1, 2009. The company started out with the process at the end of 2008, announcing that the bank was prepared to buy the bonds from four of its issues on both the pubic market and through private transactions. The first $351m-bond issue is to be retired in May 2009, the second one, with face value of 4.5 billion Hungarian forints, is to be retired in September 2009, the ?400m is to be retired in May 2010, and the last ?300m one is to be retired in November 2011. ‘We are buying out our own bonds despite the market’s current

‘The State Retirement Fund undergoes various inspections on a regular basis, including those carried out by the prosecution authorities. The fund makes the pension payments either through a bank or by post, depending on each particular retiree’s preferences. All of the fund’s intermediaries are for-profit organizations. So, first, the money was transferred to the Russian Post; then, the post placed the money with Bank VEFK-Ural,’ the Russian Federation Retirement Fund’s Sverdlovsk Region division CEO Sergey Dubinkin said in the course of a recent press conference in Yekaterinburg. In the

The state-run Vnesheconombank is to offer Koltsovo Airport of Yekaterinburg a 2.25-billion-ruble loan to help the airport complete the international airways terminal and the railway platform as well as to pay off the short-term debts. The bank was officially reported to have allocated 1.4 billion RUR for loan payments, while the total sum of the transaction comes to over 5.17 billion RUR (this covers the credit line’s volume, the interest for using the loan, and the loan commission).