The rating agency Expert RA is calling off Express Garant Insurance Company’s rating because the company decided not to have the rating confirmed any longer. The insurer used to have a B++ (Acceptable Dependability Level) before, with Stable rating outlook. According to Expert RA, the company’s assets amounted to 812.18m RUR on March 31, 2012; its own funds came to 578.79m RUR.

Yekaterinburg is planning to switch to a closed heat supply system by 2018; this is an experimental project at the moment. Sverdlovsk Region Ministry for Energy & Communal Housing Services held a work team meeting dedicated to the development of programs aimed at enhancing the energy efficiency of Yekaterinburg’s heat supply system. In addition to the representatives of the most interested parties (the city’s main heat supplier IES and the city council), the meeting was also attended by Russia’s Deputy Energy Minister Alexander Dybov and the German-Russian energy concern RUDEA’s

The Frankfurt-based Deutsche Boerse will make a tour around a number of Russian cities. At the seminars coordinated by the organization, regional investors will be able to take a closer look at the advantages of working with the tools Europe’s largest financial trading floor offers. The seminars started in Samara in mid-June and will also be held in Yekaterinburg, Magnitogorsk, and Ufa in the next few weeks. In the Urals’ capital, the seminar will take place on July 3, 2012. During this tour, head of the bourse’s Moscow representation Roman Kirindasov will introduce investors to the benefits

The 17th Arbitration & Appeals Court supported the ruling pronounced by Russia’s Federal Antimonopoly Service in Perm Territory; the FAS’s division declared that the Russian Sberbank and ROSNO Insurance Company engaged in collusion. The court also ruled that the antimonopoly agency’s order to the bank and to the insurer to transfer the illegitimate profits (293m RUR and 40m RUR, respectively) to the federal budget was lawful. It is reported that in November 2011 Perm Territory division of Russia’s Federal Antimonopoly Service declared Sberbank and ROSNO had violated the law in that the

Sinara-Development obtained the official permission to put up a building near Central Stadium in Yekaterinburg. ‘Sinara-Development must be provided with a permission to provisionally use a land allotment for putting up an apartment building in slot 66:41:0303075:12 (area 11,285 sq m) in Zone C2 (the service sector and business activity zone) in Krylov St/Melnikov St in Yekaterinburg. The land allotment will be used for putting up multi-storey apartment blocks that have some non-residential quarters as well,’ says the decree signed by Mayor of Yekaterinburg Alexander Yakob. The design