UrBC, Moscow, July 6, 2017. The Ural Bank for Reconstruction & Development (UBRD) is expanding its private customer product range, the bank’s press service reports. The bank is launching a consumer loan/credit card refinancing program for customers with loans taken out from other banks. The service is aimed at customers with a good credit history who pay out their current debts in time. The upper money limit has been set at 1m RUR, while the number of loans you can apply to have refinanced isn’t limited. The interest rates start from 13.9% a year, with the repayment period of up to seven

UrBC, Yekaterinburg, July 6, 2017. Sinara Group and the Chinese corporation CRRC signed an agreement to set up a joint venture in Russia. The new company’s name is Sinara CRRC Rail Transport. According to the Group’s press service, the contract-signing ceremony on July 4, 2017 was attended by Russian President Vladimir Putin and President of the People’s Republic of China Xi Jinping. The agreement was signed by Sinara Group’s Chair of the BOD Dmitri Pumpyansky and CRRC Chairman of the Supervisory Board Wan Jun. ‘The parties agreed a year ago that they would set up a joint venture in Russia to

UrBC, Chelyabinsk, July 6, 2017. A new 50-megawatt turbine unit will soon get installed at Magnitogorsk Iron & Steel Works (MMK) Central Power Station in order to increase the station’s overall capacity. After MMK processed a number of technical proposals and coordinated a number of tender procedures, the final contract for the delivery of the needed equipment was signed with Ural Turbine Plant. According to MMK press service, the turbine will be manufactured in as little as ten months. The unit will be fitted with the latest automatic control system to ensure energy efficiency and

UrBC, Yekaterinburg, July 6, 2017. RSG-Akademicheskoye is offering discounts to its young customers: they can pay up to 200,000 RUR less for a new home in Yekaterinburg’s Akademicheskiy District, the company press service reports. ‘This district has everything one needs to start an independent life and everything for young families and newly married couples. We have spacious and modern apartments at affordable prices, kindergartens, schools, workout sites, stadiums, shopping malls, and cozy cafes. Add to this bicycle lanes, parks, the neighborhood’s welcoming atmosphere, and the spectacular

UrBC, Moscow, July 6, 2017. Ural Federal District’s online shopping market rose by 18.4% in the first three months of the year, Russian Association of Internet Trade Companies (AKIT) reports. In Russia on the whole, the online consumer market grew by 14% and reached 240bn RUR. This year’s market is estimated to reach over 1.150 trillion RUR by the end of December. ‘The market growth slowed down a bit in the first quarter of the year, but this mainly has to do with the fact that customers are usually not very active at the start of the year; besides, figures don’t look very impressive when