URSA Bank and MDM-Bank united to take part in an auction where bidders competed for the available reserves of the Communal Housing Services Support Fund that could be placed onto their deposits. Both banks won the auction and signed the transactions providing for deposition of the resources within the set limits. The auction was coordinated by Saint Petersburg Currency Exchange, the spokesperson for URSA Bank reports. ‘This is the first time we’ve united with MDM-Bank for a bid, that is, we negotiated over the terms, the rates, and the tariffs. This successful cooperation experience has laid

Sverdlovsk Region’s division of the Federal Antimonopoly Service keeps looking into the claim laid by Sverdlovenergosbyt against MRSK Urala. The court’s meeting on June 17, 2009 resulted in the decision to postpone the hearing of case 35 related to MRSK Urala being accused of violating the law on the protection of competition (Article 10 (part 1) of the Federal Bill 135 enacted on July 26, 2006). The company had allegedly tried to impose on Sverdlovenergosbyt disadvantageous terms on the electricity supply agreement, the spokesperson for Sverdlovsk Region’s division of the Federal

‘Aviaprad has been going through the bankruptcy proceedings for a year now, but the company’s assets still haven’t been sold. The only things we did manage to sell were the furniture, office appliances and such like items. For one, we found it really hard to sell the spare parts for aircraft. Because of these difficulties, we undertook to apply to Arbitration Court for having the bankruptcy proceedings prolonged for another six months. The court is quite likely to consent, because there is no other way out,’ Aviaprad’s trustee in bankruptcy Olga Ruschitskaya said to an UrBC representative.

The Russian Federation Federal Antimonopoly Service approved of TM TRAST’s petition to buy 41% of Khanty-Mansiyskiy Bank’s shares, the Service reports. Prior to this, the Service approved of the petition placed by Standart, the Saint Petersburg-based investment company, and Roman Kichinov (Assistant to the bank’s President and head of the bank’s press service) then said to RIA Novosti that the Federal Antimonopoly Service’s decision did not mean the shares would be sold directly rather than by auction. The applications could be placed with the Service after Khanty-Mansiyskiy Autonomous

Chelyabinsk Region is going through a hard time at the moment, so the experienced managers’ expertise would come in very handy in the problem-solving process, Governor of Chelyabinsk Region Petr Sumin said at an administrative reserve meeting recently. This reserve comprises 2,405 people aspiring for leading positions in the federal and local governments and ministries. Sumin said both the region and the country’s governments were rather interested in learning what kinds of people were employed in various branches of economy and how efficiently they could deal with the existing problems. ‘It