UrBC, Moscow, October 11, 2010. It’s going to cost between 180 and 200 billion RUR to finance the Skolkovo Project, Skolkovo Fund’s President Viktor Vekselberg says. ‘Under the current program we have, a three- to five-year development plan means we’ll need about 180-200 billion RUR,’ RIA Novosti quotes the businessman as saying. Vekselberg noted this was the sum total, and a half might actually be supplied by the budget. ‘Our goal is to achieve the ratio of 50/50, where the state and the private enterprise will provide a half of the amount each,’ he explained.

UrBC, Yekaterinburg, October 11, 2010. ‘The commercial estate developers have now realized that the ante-recession boom was actually a result of a market bubble. There are a lot of business center owners out there who had to reduce the rent rates: the supply is already overabundant and exceeds the demand greatly. At the same time, a number of newly built business centers that were started before the recession set in and are just about to be launched now can make things even worse,’ the General Director of IFC YAVA Finance Management Konstantin Selyanin said to UrBC. In the meantime,

UrBC, Yekaterinburg, October 11, 2010. The Ambassador Extraordinary and Plenipotentiary of the Kingdom of Spain to Russia Juan Antonio March Pujol is going to visit Yekaterinburg for the first time on October 18, 2010. The Ambassador is expected to take part in a Spain-dedicated culture event coordinated by a local shopping center. In the course of one day, he is to meet some college students, community workers, and politicians as well as to do some sightseeing and attend a charity ball at Evropa Shopping Center. The Spanish official will arrive in the Urals’ capital in the evening of October

UrBC, Moscow, October 11, 2010. Russia’s Federal Financial Markets Service decided not to allow OAO Yamal Aviation Company based in Salekhard, Yamalo-Nenetkiy Autonomous Region, to go through with the launch and state registration of an extra issue of ordinary registered non-certificated shares.

UrBC, Yekaterinburg, October 11, 2010. The international rating agency promoted the long-term credit rating and the national scale rating of Surgut, a Russian city, from ВВ-/ruAA- to ВВ/ruAA, with Stable rating outlook. ‘The rating promotion results from the fact that we now give more favorable estimates to the city’s liquidity status, which, in its turn, has to do with our adopting a new methodology on rating the regional and municipal authorities,’ says Standard & Poor's credit analyst Karen Vartapetov. Standard & Poor's reports the rating is still badly affected by