The telecommunications provider’s Board of Directors decided to set the annual interest rate for the ninth, tenth, eleventh, and twelfth coupons of the company’s 06 bond issue at 10.5%. Uralsvyazinform went through with this two-billion-ruble bond issue on November 24, 2005. The interest rate for the first, second, third, fourth, fifth, and sixth coupons was determined at 8.2% a year, that for the seventh and eighth coupons was set at 13% a year. This means that the interest rate for coupons 9-12 is going to be a little lower. As a matter of fact, the company successfully went through with a

Ural Airlines will start operating its new scheduled Yekaterinburg-Namangan flight on November 18, 2009. The new flight will be operated every Wednesday using an A 320 airplane. As for flight U6-2963 Yekaterinburg-Namangan (Uzbekistan), departure and arrival time is 1:15 PM and 4:05 PM, respectively. The departure and arrival time for the return flight (U6 -2964) is 5:35 PM and 8:35 PM, respectively. The flight timetable was compiled so as to take into account the passengers possibly changing planes on the way. The new flight provides for a variety of convenient connecting flights through

The international rating agency affirmed Alfa-Bank’s long-term Issuer Default Rating at BB-, while the Rating Outlook was promoted from Negative to Stable. Fitch reports the improvement in the rating outlook has to do with the recent general improvements in the country’s banking sector and with Alfa-Bank’s increased loss absorption capacity (partially caused by some fresh capital inflow). At the same time, the rating agency claims Alfa-Bank’s bad debt (that is, debts that are more than ninety days overdue) rose up to 16.9% in the third quarter of 2009. On January 1, 2009, the figure only came

Sverdlovsk Region Arbitration Court will resume hearing of the claim laid by Global Gaming Expo against Bank24.ru on November 9, 2009. GGE insists on being paid 199.765 million RUR that the bank has allegedly obtained through unjust enrichment. Alfa-Bank is also involved in the case as a third party with no claims of its own. GGE was founded by Bank24.ru’s former BOD member Alexei Kalinichenko. The former bank executive’s business activity involved trading on Forex foreign exchange market. Capital was attracted through private investors, who had been promised the annual yield of 30% to 200%.

‘The socioeconomic stability of Severouralsk depends on many external factors, including the changes in the industrial sector, as the city’s primary employers are our ore mining and woodworking enterprises,’ the spokesperson for Sverdlovsk Region’s division of the State Employment Service said to UrBC reporter. The current recession has made many local businesses, like SUBR-Stroy, Stroymasterural, and Severouralsk concrete goods plant, for instance, produce less and work shorter hours. The Service reports these three enterprises are faced with the threat of large-scale redundancies. The

Governor of Chelyabinsk Region Petr Sumin sent a letter of congratulations to Chelindbank’s Chairman of the Supervisory Board Mikhail Bratiskhin, who celebrated his 85th birthday recently. ‘Thanks to your efforts, Chelyabinsk Region keeps developing and lives increasingly better; you’ve also been helping the region to cope with difficulties. Your professional skills and talent, as well as your outstanding compassion and patriotism, result in great achievements that mean a lot to both the people and the country,’ the letter says. Sumin noted the bank executive had been working within the

Mill 450 was recently repaired at Magnitogorsk Iron & Steel Works (MMK). According to the company’s PR Department, the repairs involved replacement of the mill furnace lining and the mechanical bits of machinery. Also, the foundation of the mill’s fourth section was replaced with the new one and new rollers were installed at the central fridge roller conveyor. Mekhanoremontniy Komplex, Elektroremont, and Magnitogorsk maintenance center were the general contractor for the project responsible for mechanical repairs, electric equipment repairs, and hydraulic system repairs, respectively. As