SKB-Bank keeps on expanding its subsidiary network throughout Russia. The company’s new office in Krasnodar started operating today. The outlet was named Festivalny after the part of the city it is located in. The new office can be found at 40 Atarbekov St., Prikubansky District. The outlet welcomes private customers from 9 AM to 7 PM on weekdays and from 10 AM to 4 PM on Saturdays, with no lunch break. Businesses and entrepreneurs can call in between 9 AM and 4 PM on weekdays. The new outlet is now SKB-Bank’s third representation in Krasnodar Territory and the second one in Krasnodar proper.

India has recently introduced some new taxes that are expected to make the price of trips to the country go up, the Association of Russian Tour Operators reports. The Indian Government adopted a new budget legislation for the years 2011-2012 that imposes new taxes on booking hotel rooms as well as on the hotel food and drink. Now one will have to pay 5.15% off the price of the accommodation and 3.09% off the price of catering when booking a hotel in India. The Indian tour operators are warning their Russian partners that all the reservations, even those made before the new laws come

MEDIMA Co has been declared a dishonest supplier; the decision was taken by Sverdlovsk Region of Russia’s Federal Antimonopoly Service. The reason for denouncing the company in such way was that MEDIMA backed out of signing a contract with Kamensk-Uralsky’s central district hospital for the delivery of a 209,000-ruble medical apparatus, even though the company had won the tender.