Trust National Bank has been brought into the limelight by the media recently when a few online magazines carried some articles that were highly critical of the bank’s financial policy. Trust was accused of taking unnecessarily high financial risks and of trying to exert pressure on the government through customer lobby groups. The articles maintain that the bank is going through a period of financial hardships and is allegedly on the brink of default. The management is supposedly trying to save the business by selling the bank’s shares to state-run Rosneft. The publications also claim that

‘The third extension to Tikhvin Club House was commissioned at the beginning of 2009. At the moment, the demand for the apartments in the building is neither growing nor declining. We used to sign sale contracts on a regular basis, but now we get one month of idleness followed by two or three sales in a row in the following month,’ General Director of Forum Group Sergey Vorobiev said at a press conference in Yekaterinburg dedicated to the end-of-year performance of the local real estate market. ‘As for putting up a new Forum Mall where the old Central Market used to be, this project of ours

Sverdlovsk Region Arbitration Court started looking into OOO Romanskiy Stil’s insolvency application on December 18, 2009. The company placed its application with the court on November 20, 2009. Romanskiy Stil deals in wholesale and retail sales of top-of-the-range building materials. The trustee in bankruptcy will probably be chosen among the members of Severo-Zapad Self-Regulatory Organization of Trustees in Bankruptcy Noncommercial Partnership.

‘The Arbitration Court is now processing the protest placed by Investtorgstroy against the 40,000- ruble fine we imposed on the company for improper advert (containing the word ‘Crikey’) of their new block of apartment buildings called Zelenaya Roscha,’ the spokesperson for Sverdlovsk Region’s division of the Federal Antimonopoly Service said to UrBC. The FAS’s regional division stated on August 11, 2009 that the advertisement of a newly built living quarter in Yekaterinburg was improper because of the slang word (‘Crikey’) it contained. The use of slang is actually forbidden by Article 5

Sverdlovsk Region Arbitration Court keeps handling the claim laid by Yekaterinburg’s Verkh-Isetskiy district tax inspectorate (on behalf of the Russian Federation Tax Service) against Aston Construction Company. The plaintiff insists that Aston be declared bankrupt, the spokesperson for the court reports. The tax inspectorate maintains that Aston hasn’t paid it the 953,884.95-ruble debt in three entire months. The inspectorate refers to Articles 3,7,33, 41, and 39 (paragraph 5) of the Federal Insolvency Act as the legal grounds for declaring the construction company bankrupt. The court

Governor of Chelyabinsk Region Petr Sumin allocated 1 million RUR from the region’s budget to the town of Miass. The spokesperson for the Governor reports the better part of money (625,500 RUR) is to be directed to local schools. Miass School No. 1 that will celebrate its 110th anniversary next year is going to receive 198,000 RUR worth of new armchairs for the assembly hall. School No. 36 located in Syrostan settlement will have got an extension by the end of winter. 70,000 RUR will be spent on the finishing jobs, installation of windows, and buying a new hot-water generator and a pumping