‘Facebook’s buying the Instagram app isn’t based on any market-oriented decisions. I believe Mark Zuckerberg’s reasoning was emotional rather than financial, like a billionaire’s decision to purchase a football club. The overall idea was this: we like this product, we’d like to make an impact on it. This is why one cannot estimate this acquisition in market terms,’ the Managing Partner of Projector Leonid Volkov told UrBC. Now the social network Facebook is buying Instagram, the popular application for creating and editing digital images, for about $1bn. ‘As for the Urals, we are not going to

Karabashmed signed a contract with CIMM Group Co., Ltd, the basic and detailed design business, for the delivery and installation of a set of machinery for the copper enterprise’s new vitriolic shop. Under this contract, the primary technological equipment is to be purchased in Canada, Germany, Italy, Switzerland, and the United States. According to Russian Copper Company’s Director for Chemical & Metallurgical Production Reconstruction Mikhail Borisov, the contract is worth $41.04m altogether. ‘The new vitriolic shop will be put up in compliance with the modern technologies and will

Ural Airlines is introducing additional Chita-Moscow flights: starting April 11, 2012, direct flights from Chita to Moscow’s Domodedovo Airport will be operated thrice a week (on Wednesdays, Fridays, and Sundays) using the modern an comfortable A320 liner. These planes are fitted with a full scale business class section with comfortable wide seats, so the flight will seem short. Tickets for the new flight can be booked via the company’s website www.uralairlines.ru and in the booking offices, the airline’s press service reports.

RBC daily reports Bank24.ru (a member of Life Group) was able to prevent the stealing of over 300m RUR from its account via the company’s e-banking system. According to the newspaper, the cyber-criminals tried to use the bank’s accounts to transfer money stolen from the other banks’ customers using the e-banking system; however, Bank24.ru’s special division for incident investigation helped to detain more than ten offenders. The bank explains that their company was chosen by the criminals because Bank24.ru offers a customer-friendly e-banking package. ‘Our incident investigation team

RENOVA Group intends to consolidate a 100% shareholding in Yekaterinburg Non-Ferrous Metals Processing Plant; the latter has already received a proposal to this effect. In fact, RENOVA already owns 71.294% of the plant’s shares. The plant was offered to sell the said securities for 800 RUR apiece. The company has seventy days within the date on which the offer was made to accept it.