Yuveliry Urala (the jewelry business) reports its sales have plunged recently. For one, the company’s net profit decreased from 3.42 million RUR in the second quarter of 2009 down to 1.75 million RUR in the third quarter. The drop thus amounted to 48%. The company says the drop in net profit has to do with shrinking sales.

The Bank of Russia’s PR Department reports the license of Universal Commercial Bank (OOO KB Universal, Pervouralsk, Sverdlovsk Region) was declared invalid because Universal had failed to comply with the federal banking legislation and with the Bank of Russia’s normative acts. What is more, the bank wasn’t able to meet its creditors’ money claims or to make any obligatory payments.

‘Gradara, Grand-Buffet, and Beer Baron restaurants that used to belong to Malakhit Union will definitely not operate any longer. The premises formerly occupied by these eateries have already been handed over to a new proprietor,’ Malakhit Union’s Marketing and Advertising Director Olga Apalkova said to UrBC reporter. ‘As a matter of fact, we have reached an agreement with a customer who is willing to buy these premises, but we are not prepared to declare the name of their new owner yet. We are currently busy signing all the necessary documentation. One thing is certain, all the logos and

Starting November 15, 2009, Ural Airlines is going to operate its new Samara-Tashkent flight. The flight will be operated every Sunday using a modern A320 airplane according to the following timetable: The plane leaves Samara at 2:40 PM and arrives in Tashkent at 6:30 PM; the return plane takes off at 7:50 PM and lands in Samara at 10:00 PM. The time indicated is local one. ‘This flight was introduced within the framework of Ural Airlines’ new strategy aimed at improving its position on the Volga Federal District market. The carrier is already offering scheduled flights from Samara to Moscow,