The Federal Air Transport Service (Rosaviation) annulled Dagestan Airlines’ aircraft operator license, the service reports. ‘The fact that Dagestan Airlines’ aircraft operator license has been annulled is not going to inconvenience the residents of and visitors to the Republic of Dagestan. Such companies as Kuban Airlines, Tatarstan Aviation Company, RusLine Aviation Company, and VIM-Avia Aviation Company are already operating or will very soon start operating flights to Makhachkala Airport. This will, in its turn, create additional preferences for the development of the airport itself,’

‘The volume of foreign investments made into Chelyabinsk Region in January-September 2011 rose by nearly 8% in comparison with January-September 2010 and reached about $2.7bn. In current prices, the fixed investments into the region’s large and medium enterprises came to 77.1bn RUR, which was 9.6% more than in January-September 2010. Over a half of these investments came from the enterprises’ own funds and were invested in large-scale projects, including the reconstruction of Mill 2500 at Magnitogorsk Iron & Steel Works, the construction of Mikheyevsky Ore Mining & Processing

As a member of Life Financial Group, VUZ-Bank came up with a special iPhone application called Life Banking. The bank made this gift of the new remote banking services to its customers as iPhone 4S is hitting the Russian market: on the night between December 15 and December 16, the official sales of Apple smartphones began in Russia. ‘We strive to offer our customers handy solutions and modern financial tools that make life easier, increase one’s confidence, and become a part of one’s image. Our experts, who were guided by the ‘fashionable/hi tech’ rule, created a clear and convenient

The rating agency’s press release states that Rosbank’s long- and short-term ratings for deposits in foreign and national currency (Baa2/Prime-2) and the bank’s priority unsecured debt in national currency rating (Baa2) are placed on the Rating Watch. Moody’s will also reconsider Rusfinance’s long- and short-term ratings for deposits in foreign and national currency (Baa3/Prime-3) and the bank’s priority unsecured debt in national currency rating (Baa3) as well as DeltaCredit’s long- and short-term ratings for deposits in foreign and national currency (Baa2/Prime-2).

Poland’s visa center will open in Yekaterinburg soon, the representatives of the Polish embassy in Russia told reporters in the course of their visit to Yekaterinburg. ‘We understand that there is no point in setting up a Polish consulate in Yekaterinburg at the moment, the city does not particularly need it. We have already got representations in Moscow, Saint Petersburg, Irkutsk, and Kaliningrad, and we are not planning on opening any more for the time being. However, we did decide to set up a visa center. This will make our job easier and reduce the waiting lines. This also means that