The Government of Sverdlovsk Region has been given a 708-million-ruble loan for motorways development. The money is to be directed to the region’s three key objects: a major road junction in Yekaterinburg, a portion of Yekaterinburg orbital motorway, and a portion of Serov-Khanty-Mansiysk road, the region’s Minister for Transport and Roads Sergey Shvindt announced at a press briefing that followed the regional government’s meeting. ‘3.9 billion RUR worth of the regional budget’s money was originally provided for road-building for the year 2010. We then obtained a state loan for 708 million

The Profile Business Magazine recently carried the rating of Russia’s largest banks in terms of net assets. OAO SKB-Bank was featured 57th on the Top100 list. According to the data provided by the magazine, SKB-Bank’s net assets amount to 58,107,384,000 RUR; this is one of the most impressive figures in Sverdlovsk Region and Ural Federal District. All in all, three Ural banks have actually made it to the list of Russia’s Top100 banks. The magazine’s analysts compared the banks in terms of capital volume as well. SKB-Bank was thus declared No.1 among the Urals-based banks and Russia’s 61st

Once Russia has entered the Customs Union, some changes were made in the current customs law regarding the shipping of express parcels. Each parcel now has to be declared individually using a passenger declaration, which means the receiver’s passport details must be provided. The new rules also state that the receiver of the parcel or a customs broker might have to be personally present at the customs, which certainly slows down the customs traffic. In addition, the new customs code modifies some limitations that were earlier used at the Russian border. It is now possible to import up to 50kg

The Ural Bank for Reconstruction and Development was given the status of a partner bank within the state program on the financial aid to small and medium enterprises. The program is currently being implemented by the Russian Development Bank. The money the UBRD has been offered will be used to give loans to SMEs and sole traders. ‘The long-awaited access to cheap loans that the government has promised will be welcomed by the businesses operating in Sverdlovsk and Chelyabinsk Regions, Perm Territory, and the Republic of Udmurtia,’ the bank’s press officer explains. The SMEs can use the loans