UrBC, Yekaterinburg, October 13, 2010. The net profit of OAO Uralfinprombank decreased by 15.483 million RUR, or 77% in the third quarter of 2010, namely, from 20.046 million RUR in the second quarter of the year down to 4.563 million RUR in the third quarter. The bank explains this drop in profits had to do with the need to build up on the possible bad debt reserves.

UrBC, Yekaterinburg, October 13, 2010. OAO Ural Airlines is still intent upon expanding its operation network and will soon introduce scheduled flights from Yekaterinburg to Sanya, Istanbul, Salzburg, Paris, Munich, and Vienna. All in all, the air carrier’s planes operated 1,680 flights in September 2010, which exceeded the number of flights operated in September 2009 by 115.

UrBC, Yekaterinburg, October 13, 2010. Finninno, a Finnish concern, suggested delivering the sets of equipment needed to manufacture elevator shafts to Betfor concrete goods plant (the asset of LSR Group). The proposal was made by Jarmo Huotari, and independent consultant, to LSR Group Ural branch’s Managing Director Andrei Bibikov in the course of the recent talks in Yekaterinburg. The technological line in question will make it possible for the plant to produce a dozen shafts a day, which is two times more productive than the plant’s current capacity. ‘The production process is as automated

UrBC, Yekaterinburg, October 13, 2010. Alatyr and Gringo shopping malls based in Yekaterinburg won most of the votes in the interactive project dubbed Vote for Demolition. Alatyr is supposed to be pulled down since it makes the downtown look ugly, the coordinators of the First Ural Industrial Biennale of Contemporary Art say. Now the biennale closed up last weekend, and Vote for Demolition, devised and implemented by a Mexican artist Gustavo Artigas, was part of the program. Artigas was pleased with both the way the project went along in Yekaterinburg and with the public discussion that

UrBC, Yekaterinburg, October 13, 2010. Sverdlovsk Region Arbitration Court is about to consider the bankruptcy cases involving the enterprises belonging to OOO Avtoland Holding Group, the spokesperson for the court reports. It has been announced that the companies in question, City Motors, OOO Avtoland Sever, and OOO FTsU, applied for bankruptcy because of the money they owe to OAO Khanty-Mansiyskiy Bank. As far as City Motors and OOO FTsU are concerned, the court is to look into their cases on December 10, 2010.