Bank 24.ru’s Saint Petersburg-based office provided a customer with the first consumer loan on September 9, 2008. This was also the day when the bank’s then only legal entity account was opened, Bank 24.ru’s corporate blog states. Both transactions were the first ones of such kind in the office’s nearly two months of work. The bank announced the opening of an outlet in Saint Petersburg on July 16, 2008.

‘The shares of Uralsvyazinform (the telecommunications provider) are very much pressed sales-wise, which is true of most Russian securities, regardless of the branch and capitalization. To bring the markets to a decent equilibrium, one has to wait till the agents go through with the options and futures transactions. The telecommunications branch has nothing to do with the current downfall of stock prices or indices. This branch has its own operation procedures, its own capital investment programs, and its own free flow of capital, all of which shape the financial outlook that matters in

Central Bank of Russia reports volume of non-state for-profit organizations’ deposits in Pervouralsk Joint Stock Commercial Bank valid for 181 days to 1 year plummeted by 98.48% (from 32.9 million RUR to 500,000 RUR) in January-August 2008.

Magnitogorsk Iron & Steel Works (MMK) looked into their environmental management system’s performance in the first half of 2008. The system has actually been certified for compliance with the international ISO 14001: 2004 standard requirements; the analysis of the system’s performance was aimed at enhancing its environmental efficiency. To meet the enterprise’s Environmental Policy goals in 2008, MMK’s top executives came up with the target indicators that had to be met. So, the company was able to redue the amount of harmful atmospheric emissions by 301.5 tons in the first half of 2008.

‘Uralsvyazinform’s falling stock prices have to do with the general market downfall. Besides, most telecommunication providers have recently been affected by the official statements that denied any possibility of Svyazinvest’s near privatization,’ FINAM Investment Company’s analyst Tatiana Menkova said to UrBC. The stock market has gone through another major decline recently when RTS and MICEX indices fell by 7.51% down to 1,395.11 points and by 9.08% down to 1,158.07 points, respectively. Uralsvyazinform’s shares lost more or less the most, dropping by 12.5% by the end of the day. RTS ended

Central Bank of Russia reports volume of loans given by Bank24.ru to private individuals for 91 to 180 days dropped by 92.55% (from 1.745 million RUR to 130,000 RUR) in January-August 2008.

This year, Eurasian Fashion Week’s coordinators are counting on coming of fashion designers from Kyrgyzstan, Tajikistan, Uzbekistan, and the People’s Republic of China, the Shanghai Cooperation Organization Support Center’s official site (known as Yekaterinburg 2009) informs the readers. ‘The event coordinators believe the participants will be given a great chance to reveal their full potential both within and outside their home countries,’ the site states. Eurasian Fashion Week is actually the new version of the older (and more universally recognized) Ural Fashion Week. Yekaterinburg is to

‘Novosibirsk municipal council insists on disassembling the billboards Baltika Beer Company had installed on the roof of their production facility and next to the premises of their plant. The council believes that since these billboards bear only the company’s logo rather that the full name, the working hours and the actual address, they should be seen as advertisements rather than simple signs. This is therefore a violation of the federal advertising legislation, the council says,’ states News Outdoor, the online magazine. ‘The Federal Antimonopoly Service’s Novosibirsk Committee confirmed

Central Bank of Russia reports volume of loans given by UralFinPromBank to private individuals for up to 30 days plummeted by 100% (from 38.85 million RUR to zero) in January-August 2008.

According to the Central Bank of Russia, volume of loans given by Uralprivatbank to sole traders for 181 days to 1 year went down by 15.55% (from 32.826 million RUR to 27.720 million RUR) in January-August 2008.

Western Union, one of the oldest money order systems there is, came up with a list of countries in the near abroad where people send money most often and offered reduced fees on them, SKB-Bank’s PR Department reports. The list includes Armenia, Azerbaijan, Georgia, and Ukraine. Having looked into the figures, Western Union both decreased the commission it charges on a money order and took them off the list of countries of the far abroad. Kyrgyzstan was also reported to be one of the major money order receivers among the former Soviet republics. The system’s analysts even created a special

According to the Central Bank of Russia, volume of loans given by Bank Uralfinance to non-state for-profit organizations for 31 to 90 days dropped by 70.34% (from 53.95 million RUR to 16 million RUR) in January-August 2008.

Central Bank of Russia reports volume of loans given by TagilBank to non-state for-profit organizations for 91 to 180 days went down by 91.12% (from 11.94 million RUR to 1.06 million RUR) in January-August 2008.

Central Bank of Russia reports volume of loans given by Ural Innovational Commercial Bank to non-state for-profit organizations for 31 to 90 days plummeted by 99.27% (from 38 million RUR to 275,000 RUR) in January-August 2008.

The company’s unique plate mill 5000 is now being assembled at Magnitogorsk Iron & Steel Works (MMK). The enterprise signed a contract with the German SMS-DEMAG regarding the delivery of all the equipment needed to put up the mill and a CC machine in 2006, and once the mill has been launched, MMK will be able to produce the highly profitable plate iron (up to 4,850 millimeters in width) for the O&G industry, ship-, bridge-, and machine-building. The company’s plate mill is normally most popular with manufacturers of large-diameter pipes as well. Plate mill 5000 will be capable of

All of MegaFon Ural’s customers who subscribe to the mobile operator’s Domashniy Prostor, Vyzov, Mobile Fresh, Student, MegaFon-Modem, MegaFon Modem Plus, Smeshariki, Olympus, Bonus Time, Drive, and Individual tariffs between September 8, 2008 and December 31, 2008 can use the company’s Live Balance special offer free of charge for forty days, the operator’s press officer reports. Live Balance means you can see the regular updates on your cell phone account balance right on the screen. After you’ve made a phone call, sent a text message or used any other paid service, the balance changes will

Sberbank’s Ural branch keeps working on its long-term loan offers and financial billion-ruble construction and investment projects, including, for example, the Affordable Housing program and the Academic multi-faceted area development project. Their largest investment project comes to 6 billion RUR, says Sberbank of Russia’s Ural branch’s Deputy Chairman Oleg Fedotov. ‘We are currently supporting the Urals’ economy with 70 billion RUR through our financing and credit offers, with 20 to 25 billion RUR invested in construction projects and the rest in industry and agriculture. This means we can

The 3d Russian congress on promissory notes will take place at Atrium Palace Hotel, 44 Kuibyshev St. Yekaterinburg on October 3, 2008. This major stock market event is coordinated by SKB-Bank, their press officer says. The Congress coordinators reports Yekaterinburg has been chosen this year because of the city’s impressive economic growth, extensive financial infrastructure, and the upcoming Shanghai Cooperation Organization summit in 2009. ‘The Congress’s success in Kazan and Samara in 2006 and 2007, respectively, proves that the promissory notes enjoy stable demand within Russia’s

‘The bank deposit market is greatly diversified, with offers varying in both the interest rate and the amount of money one can deposit, as well as in the kind of currency you use and the sort of assets you invest in. URSA Bank’s latest offer is definitely a great marketing solution aimed at the customers who want to get a lot of things in one,’ says Unicom Partner Investment Company’s Deputy GD Dmitriy Zemerov. URSA Bank’s Magnificent Seven deposit is unique that it provides for a flexible interest rate, the topping up and withdrawal option, and a very reasonable down installment sum and the

The possible increase of the financial guarantee sum up to 150 million RUR will probably make the tour operators more careful when scheduling their flight offers, since few operators can afford to pay the sum in case some problems pop up. A portion of irresponsible companies will definitely have to quit the market,’ Director of Tez Tour’s Ural branch Igor Avdokushin said to an UrBC reporter. Russian Federation State Duma deputy Vladislav Reznik proposed a draft that would provide for the increase in the amount of financial security the tour operators would have to guarantee their customers