Central Bank of Russia reports volume of loans given by Uralfinance to for-profit self-regulatory organizations despite overdraft plummeted by 76.87% (from 4.268 million RUR to 987,000 RUR) in December 2007-January 2008.

Sverdlovsk Region Minister for Economy and Labor Mikhail Maximov announced in the course of a meeting devoted to the Great Eurasian University project and chaired by Governor of Sverdlovsk Region Eduard Rossel that the project was not clear enough or elaborated enough yet. Mr. Maximov also called for keeping in mind that getting any substantial financing from the federal budget was not very likely. The Governor suggested that the meeting participants think carefully over the type of graduates this future university will produce, that is, the fields they’ll specialize in and the quality of

Central Bank of Russia reports volume of loans given by SberInvestBank to self-regulatory financial organizations for 1 to 3 years went down by 18.73% (from 24.71 million RUR to 20.08 million RUR) in December 2007-January 2008.

METCOMBANK offered its customers 763.5 million RUR worth of mortgage loans in 2007, which is 1,000 times more than two years earlier, the bank’s press officer reports. ‘Mortgages are a complicated and still unusual way of lending. Nevertheless, METCOMBANK is trying hard to make them both affordable and attractive. For one, we decreased the interest rates on mortgage loans last year. Besides, we started offering mortgages on country cottages and dwellings still under construction rather than just existing homes within the urban network. Moreover, we also moved from individual deals to offering

According to the National Managers’ League’s ranking of unit investment funds as of February 11, 2008, the share price of Raiffeisen Index MICEX (Raiffeisen Capital Management Company) has gone down by 15.11% since the beginning of 2008.

The Academic construction project manager Stanislav Pridvizhkin made a report on the implementation of the project at a meeting devoted to construction in Sverdlovsk Region. The meeting was chaired by Governor of Sverdlovsk Region Eduard Rossel. According to Mr. Pridvizhkin, all the construction stages fit the schedule. So far, the developer has already signed an agreement regarding the design of socially important buildings and objects. Mr. Rossel said RENOVA Stroy Group (the builder) did meet all of its liabilities, so the first apartment blocks that the company was to put up would

According to the Central Bank of Russia, volume of loans given by UniCreditBank to local governments and Russian Federation subjects’ financial bodies plummeted by 90.67% (from 150 million RUR to 14 million RUR) in December 2007-January 2008.

SKB-Bank’s ATM located in Koltsovo airport of Yekaterinburg now offers its users some European currency if they want it. This is Yekaterinburg’s first ATM to provide this service, so both the city dwellers and visitors to the Urals can now obtain some Euros right before the flight or directly upon arrival to Yekaterinburg, the bank’s press officer reports. The ATM can be found in the A sector of the airport, which means passengers, those who meet or see off their relatives and friends, and the airport staff can all use the machine at any moment to get some cash, check how much money they have

Nizhniy Tagil Iron & Steel Works was Evraz Group’s first steelmaking enterprise to develop and produce the new kinds of steel with unique chemical composition. X70 and X80 steels are meant for production of large-diameter pipes used for high-pressure gas pipelines, the spokesperson for Evraz Group said to UrBC. X70 and X80 steels are particularly suitable for high-pressure pipelines thanks to their great durability and fineness. All the samples underwent many stages of testing, so when the experts from the plant’s central lab looked at them using the high-precision binocular optical

Central Bank of Russia reports volume of loans given by UralTransBank to state-run for-profit organizations dropped by 100% (from 5.4 million RUR to zero) in December 2007-January 2008.

According to the National Managers’ League’s ranking of unit investment trusts, the share price of UIF Triumfalnaya Ploschad - Russian Oil (Bank of Moscow Management Company) has gone down by 16.7% since the beginning of the year.

According to the National Managers’ League’s ranking of unit investment trusts as of February 8, 2008, the share price of CIT Fortis Index MICEX (CIT Fortis Investment Management Company) has gone down by 17.07% since the beginning of 2008.

Central Bank of Russia reports volume of loans given by VUZ Bank to for-profit self-regulatory organizations despite overdraft dropped by 39.81% (from 40.542 million RUR to 24.401 million RUR) in December 2007-January 2008.

Sverdlovsk Region’s division of the Federal Antimonopoly Service detected some unfair advertising practices in IKEA International Group’s chain stores, the Service’s expert Svetlana Braun said to UrBC. The Service received a complaint from a customer who borrowed 6,000 RUR for the period of ten months using IKEA’s credit card (backed up by Renaissance Capital Bank) at the end of 2006. This credit card was, in fact, part of IKEA’s New Year offer. However, the store’s advertisements failed to provide the borrowers with all the details and terms of the loans. As a result, the unfortunate

Starting February 1, 2008, Ural Treasures Bank no longer demands that all those willing to get any kind of consumer loan from the bank insure their life and health, which naturally makes consumer loans more affordable. Prior to the bank’s decision, the insurer’s fee depended on the type of loan and could amount to .8% of the total loan value.

MOTIV, the local telecommunications group, is planning to fully upgrade its own regional area network by the end of the first quarter of the year. MOTIV’s RAN will employ the so-called New Generation Network - the equipment that enables a mobile operator to offer its customers a much wider range of telecommunication services like streaming video, IP-telephone connection, and high speed Internet connection for optimizing paperwork, e-trading, distance learning, and using complex telematics-based systems. 'NGN is shaped in a way that allows one to transfer any type of information in a

Central Bank of Russia reports volume of loans given by Tyumenenergobank to for-profit self-regulatory organizations despite overdraft went down by 12.01% (from 110.31 million RUR to 97.059 million RUR) in December 2007-January 2008.

According to the National Managers’ League’s ranking of unit investment trusts as of February 8, 2008, the share price of Renaissance Index RTS (Renaissance Capital Management Company) has gone down by 17.38% since the beginning of the year.

Chelyabinsk Region’s environmental prosecution authorities filed an administrative suit against Ufaleynickel and demanded that the company must stop operating. This demand stemmed from the inspection the authorities carried out on the premises of the enterprise in October 2007 to check the plant’s compliance with the environmental regulations. The inspection revealed that the enterprise dumped 3.4 times more than the maximum permissible discharge of copper oxide. Besides, Ufaleynickel is responsible for the fact that the atmospheric sulfur dioxide content in the town of Verkhniy Ufaley is

The value of net assets of Energy - Mixed Investments (the unit investment trust) managed by Eurogreen Management Company Ltd. went down by .13% between February 7, 2008 and February 8, 2008. According to Eurogreen’s website, the company’s net assets decreased from 2,987,600.68 RUR on February 7, 2008 to 2,983,748.23 RUR on February 8, 2008.