‘Of course we heard about how the opening of MediaMarkt failed at Alatyr shopping mall recently. The fact that the would-be customers who were willing to visit the store at night ended up waiting outside indicates a big marketing mistake of the management company; this is a huge blunder that surpasses all imagination. To tell the truth, if I had been one of those customers, I would definitely be anything but loyal to this mall. At any rate, I’m certainly not going to shop there now,’ Chairman of Yekaterinburg Tenant Union Alexander Murzin said to UrBC. The night-time opening ceremony of

Debtor businesses are increasingly trying to back out of debt repayment by going bankrupt, President of the Association of Regional Russian Banks Anatoly Aksakov announced at an interregional coordinating meeting in Yekaterinburg. The meeting was devoted to the economy’s real sector and the banking system’s developmental prospects as well as to toxic assets and bankruptcy laws. Aksakov believes the most threatening thing is that a holding sometimes tries to transfer all the debt to one of its companies while withdrawing all the assets from it at the same time. This scheme is quite popular

Sverdlovsk Region Arbitration Court keeps looking into the claim laid by OOO Perspektiva against OOO Rosinter Restaurants Yekaterinburg regarding reclamation of property from dispossession. The plaintiff insists that the defendant return a building at 6 Sverdlov St. in Yekaterinburg back to the plaintiff. The building is owned by Perspektiva and must be returned to the proprietor along with the keys and the project documentation through a transfer act. Rosinter Restaurants Yekaterinburg maintains the plaintiff’s claims have no grounds. ‘We don’t see why they should complain because we decided

Governor of Sverdlovsk Region Alexander Misharin held a meeting with UC RUSAL BOD Chairman and Chairman of Renova Group’s Supervisory Board and BOD Viktor Vekselberg. Vekselberg told the Governor about how their Sverdlovsk Region-based aluminum-producing and nonferrous metal-processing enterprises were coping. The two executives also spoke about the measures taken to solve the companies’ problems. All in all, six of UC RUSAL’s enterprises, namely, Sevuralboksitruda, Bogoslovskiy smelter, Ural smelter, Ural Foil, Polevskoy cryolith plant, and SUAL-Kremniy-Ural, have found it hard to go on

OAO Pnevmostroymashina will have to pay a 700,000-ruble fine for an administrative offense related to its activity on the securities market. The decision to this extent was taken by Ural Federal District’s division of the Federal Financial Market Service.