Following numerous inquiries regarding the details of Governor of Sverdlovsk Region Alexander Misharin buying a Mercedes, the prosecution authorities of Sverdlovsk Region produced an official statement. All the materials regarding the incident have been placed with the regional division of Russia’s Federal Antimonopoly Service for further investigation in accordance with the order of the region’s prosecutor Yuri Ponomarev,’ the authorities report. In addition, the prosecution authorities have already conducted an investigation of their own, with the final verdict to be returned by the

Sverdlovsk Instrument-Making Plant reports its net profit dropped by 20%, that is, from 239m RUR down to 192m RUR. The company explains the profit declined because of the growing metal prices and the increase in the single social tax.

Commercial Bank Koltso Urala keeps improving on its remote and e-services. For one, any customer who opens a deposit in the bank, placing at least 30,000 RUR in the account, will be offered a VISA card. A customer will be offered a three-year VISA Electron free of charge in case between 30,000 RUR and 299,999 RUR is deposited, a one-year VISA Classic will be offered to those who deposit 300,000 RUR or more. Those who deposit over 1.5m RUR in the bank will get VISA Gold and VISA Platinum cards.

SKB-Bank’s financial reports for the year 2010 have recently undergone international audit procedures. The company’s consolidated reports for last year were assessed by PricewaterhouseCoopers Audit in accordance with the existing international standards. Now PwC is a world’s leading auditor and consultant. The company’s audit report confirms the bank and its daughter enterprise’s total asset volume at 82.89bn RUR, first- and second-level capital at 8.06bnRUR, and net profit at 712bn RUR (as of December 31, 2010). Over one year, the group’s assets (calculated in accordance with the IAS) went

The customers of the Ural Bank for Reconstruction and Development can now engage in stock trading using their Apple-made iPhone and iPad devices. To start the operations, a certified software program iQUIK (a free addition to pocketQUIK) can be used. In fact, two registered users can use the same identification data and access keys alternatively, the bank’s press service reports. To subscribe to iQUIK and pocketQUIK, or to ask any questions about stock trading, please call the bank’s investment consultants at +7 (343) 253-40-42, +7 (343) 216-58-37 in Yekaterinburg, +7 (351) 799-52-05 in

Svyatogor isn’t going to declare or pay any dividend for the year 2010; the decision to this extent was made by the shareholders in the course of the annual general meeting in Krasnouralsk, Sverdlovsk Region. The 1.05bn RUR worth of net profit in its entirety will be directed to capital investment.

The Bank of Russia’s PR Department reports that it has appointed its authorized representatives in twenty-one Russian banks. For one, the representatives will be present in Bank24.ru, Khanty-Mansiysky Bank, and Bank Severnaya Kazna.

Gazpromneft-Ural’s net profit (calculated in accordance with the Russian Accounting Standards) decreased by 24.3% in the first quarter of 2011 and came to 217.75m RUR, the company’s reports state. On the other hand, the enterprise’s revenues rose by 46.3%, up to 6.33bn RUR.

Moscow Arbitration Court declared that Capital Tour’s bankruptcy application was well-grounded, the Russian Agency for Legal and Court Information (RAPSI) reports. The company will now be undergoing bankruptcy proceedings. In Moscow, Capital Tour Company used to run under the brand of Capital Tour. This is actually the second legal entity belonging to the brand that has been declared as being on the verge of insolvency by the court. The company’s OOO Capital Tour had to undergo bankruptcy proceedings earlier on. Evgeny Shklyaev was appointed the trustee in bankruptcy for both cases, the

VIM Avia Airlines topped the list of companies that delayed most flights in April 2011. VIM Avia actually delayed 96 out of 395 flights, or 24%, Rosaviaton’s official website reports. Moscovia was the second top flight delayer, followed by Kogalymavia that delayed 25 flights out 150, or 17% of all the flights operated in April 2011. The top three down-letters are followed by Avianova that delayed 84 flights out of 684, or 12% of all its April flights. Orenburg Airlines delayed 108 flights out of 1,273, which comes to 8% of all its April flights. Rusline did a little better and only delayed 51

Ural Airlines’ performance indicators improved greatly in January-April 2011. The company operated 5,496 flights over the given period (which was 39% better than in January-April 2010), including 1,145 international flights (which, considering the chartered flights, was 39% better than a year earlier), 3, 156 domestic flights (against 2,324 flights in January-April 2020), and 1,195 flights around the Commonwealth of Independent States (compared with 817 flights in January-April 2010), the company’s press service reports. The company flew 503,693 people in the four months of 2011, which

All the necessary procedures relating to the transfer of Yekaterinburg-based Koltsovo Airport’s shares to Sverdlovsk Region have by now been completed, the Public Property Management Ministry’s press service reports. All in all, Sverdlovsk Region now owns a golden shareholding of 34.56% in Koltsovo Airport.

The amount of ferrous and non-ferrous shipments Russian Railways Public Company handled in April 2011 went down by 2.3% and 1.3%, respectively, the online portal RZhD-Partner reports. Russia’s cargo index (which refers to the volume of railway shipments around the country) came to 104.8% in absolute terms in April 2011; this was 1.8% less than a month earlier. Last month, the shipments of only three out of nine cargo types that the cargo index covers were actually greater than in April 2010. The decrease is also noticeable in the maim cargo types in the mining and metallurgical sector: the

A meeting was held in Cherkessk on the construction of an all-seasons mountain ski resort Arkhyz there. The meeting was attended by Deputy Plenipotentiary Representative of Russian Federation President in North Caucasian Federal District Maxim Bystrov and head of Karachayevo-Cherkess Republic Rashid Temrezov. The head of Russia’s Regional Development Ministry’s Interregional Department in North Caucasian Federal District Alexei Ivanov, First Deputy Head of Karachayevo-Cherkess Government Ruslan Tambiyev, the Managing Director of North Caucasian Development Corporation Timur Charto, Vice

Sverdlovsk Region Arbitration Court ruled that founder of Omega Group Holding Oleg Fleganov should undergo bankruptcy proceedings. The businessman agreed to the necessity of declaring himself insolvent,’ the court’s press officer informed UrBC. The application asking to declare Mr. Fleganov bankrupt was placed with the court by Yekaterinburg Oktyabrsky District’s division of the Federal Tax Service of the Russian Federation on April 15, 2011. The applicant suggested that Vadim Permikin of Razvitiye Self-Regulatory Organization of Trustees in Bankruptcy should be chosen as the trustee in

The National Rating Agency affirmed the Ural Bank for Reconstruction and Development’s individual paying capacity rating at AA- (extremely high capacity Level 3). The bank’s financial situation at the moment is seen as stable and strong. The bank keeps on expanding its share of the market dynamically, its performance indicators are adequate to the market opportunities and reflect the growing inflow of resources, primarily from the deposits and their later investment in business and consumer loans as well as in a marketable blue chips portfolio. The profitability of the bank’s transactions is

VIM Avia and Moscovia delayed more flights than any other company in April 2011, Russia’s Federal Air Transport Agency (Rosaviation) reports. For one, VIM Avia delayed 96 out of 395 flights operated last month, which comes to 24% of the total number of flights; Moscovia put off 35 flights out of 181, which came to 19% of all the flights operated in April. Kogalymavia, Avianova, Taimyr, Mirninskoye Airlines ALROSA, and IzhAvia also delayed quite a few flights in April 2011: the number of delayed flights came, respectively, to 17%, 12%, 10%, 10%, and 10% of the total number of flights operated

Uralmechanobr decided not to declare any dividend for the year 2010. The 98.74m RUR worth of net profit will be directed to working capital replenishment. This decision was taken in the course of the annual general meeting.

Deutsche Bank Trust Company Americas increased the shareholding it owns in Concern Kalina up to 9.83%. The Yekaterinburg-based company’s other shareholders’ holdings were modified as well. For one, Prego Holdings Limited increased its holding from 29.98% up to 45.41%, Kalina Finance raised its share from 3.59% to 5.44%, and Renaissance Securities (Cyprus) Limited raised its share from 7.98% to 12.09%.

It has been reported to RBC daily that Russia’s Federal Antimonopoly Service might soon start looking into the activity of Visa and MasterCard to check whether the commissions the companies charge for the administration of the cards are actually competitive. The FAS had actually planned to start the investigation as early as two months ago, but no formal pretext presented itself just then. The banks that were unhappy with the growing hidden commissions and charges allegedly refused to place official protests with the FAS. Now the Service has obtained valid grounds to start investigating the