The net profit of OAO CIT Finance Investment Bank decreased by 83.99 million RUR, or 82.21% in the second quarter of 2010, that is, from 102.17 million RUR in the first quarter of the year down to 18.17 million RUR in the second quarter. The company says this financial result has to do with the increased securities re-evaluation expenses and the dropping securities transactions yields.

Sverdlovsk Region’s law-enforcement authorities keep trying to counteract illegal gambling practices. An IT specialist found out when examining a computer club in Stroiteley St. in Yekaterinburg that the computers in the club were used to access foreign gambling websites online All the PCs were withdrawn for expert examination as well as so as to prosecute the culprits under the existing legal regulations. The club was, in fact, frequented by both adults and teenagers.

Sverdlovsk Region’s division of Rospotrebnadzor (the state consumer rights watchdog) inspected a number of stores located in Yekaterinburg’s Oktyabrskiy and Kirovskiy districts and thus revealed that some of them sold Colgate fluoride whitening toothpaste with three years of shelf life that did not meet the existing sanitary requirements. The toothpaste was manufactured in China by Colgate-Palmolive Co Ltd on November 21, 2009, the spokesperson for Rospotrebnadzor reports. ‘According to lab test record 746 issued on July 1, 2010 by Sverdlovsk Region Hygiene &Epidemiology Center, an

Moscow District Federal Arbitration Court postponed the hearing of the writ of appeal placed by IG Holding Ltd (Integra Group) until September 17, 2010. The writ concerns the registration of Uralmash Drilling Equipment trademark, the Russian Agency of Legal and Court Information (RAPSI) reports. The court states that the writ of appeal is not complete without the documents that could prove the payment of the state fees in their due amount or the applicant’s right to get state fees relief. Now IG Holdings Ltd would like the court of cassation to overrule the decision taken by Moscow

OAO CIT Capital was not allowed to transfer its case regarding the annulment of a land-renting agreement to Sverdlovsk Region Arbitration Court. The 12th Arbitration Court of Appeals supported the ruling of Saratov Region Arbitration Court, SaratovBusinessConsulting Information Agency reports. Now Saratov city council appealed to arbitration court in order to have its land-renting agreement annulled. The agreement concerned an 8.8-hectare allotment in Ust-Kurdyumskiy tract next to the turn to Zonalniy and was signed by the city council and Yekaterinburg-based CIT Capital in 2005. The latter

Plenipotentiary Representative of Russian Federation President in Ural Federal District Nikolai Vinnichenko awarded Governor of Chelyabinsk Region Mikhail Yurevitch with the Order of Friendship in the course of a solemn ceremony. The corresponding decree was signed by Russian President Dmitry Medvedev in December 2009; the ceremony took place in the Plenipotentiary Representative’s residence in Yekaterinburg. Mikhail Yurevitch was awarded for work achievements and many years of conscientious work. ‘The President’s decree was signed a long time ago, when I was still Mayor of Chelyabinsk, in

The Ural division of the Federal Environmental, Technological, and Nuclear Surveillance Service (Rostechnadzor) completed its investigation of the circumstances accompanying the large-scale accident at Kalyinskaya mine in Severouralsk, the spokesperson for the Service reports. Two workers of OOO SUBR-Stroy were badly hurt while doing some mine tunneling at Kalyinskaya mine at 4:00 AM on July 2, 2010. The accident was caused by a collapsing roof rock; one of the victims was, in fact, lethally injured. An ad hoc committee of Rostechnadzor’s Ural division came to the conclusion that the main

The Bank of Russia appointed its authorized representatives in twenty-eight Russian banks. As far as Sverdlovsk Region-based organizations are concerned, the Central Bank of the Russian Federation’s authorized representatives are still present in OAO Bank24.ru (the asset of Life Financial Group) and OAO Bank Severnaya Kazna (the asset of OAO Alfa-Bank). Besides, the Bank of Russia’s officials keep supervising such large banks as Sberbank of Russia, OAO Bank VTB, OAO Alfa-Bank, and a number of others.

The abnormally hot Russian summer might cause the country to lose up to 30% of its crop yield compared with the amounts harvested in 2009, RIA Novosti refers to head of Rosgidromet Alexander Frolov as saying. Frolov reports the weather service forecasts the yield of 67 to 70 million tons against the 97 million tons collected last year. ‘We expect a 30% drop in this year’s potato and sugar beet harvests due to the draught,’ Frolov announced at a recent press conference. In the meantime, the Russian Government imposed a temporary ban on the export of wheat, meslin, barley, rye, corn, and flour

Sverdlovsk Region Arbitration Court ruled on July 8, 2010 that case А60-11253/2010-С11 should proceed with OAO Sredneuralskiy Metallurgical Plant undergoing bankruptcy proceedings. Elena Batuyeva was appointed the company’s trustee in bankruptcy.

The foreign trade turnover in the Ural Customs area rose due to 31.8% and 94.5% more goods being exported to Kazakstan and Ukraine, respectively. In addition, 116.2% and 55.5% more goods were also imported from Kazakhstan and Ukraine, respectively. On the other hand, the export of goods to Uzbekistan went down by 9.1%, the Ural Customs Administration’s press officer reports. . In the first half of 2010, machines, equipment, and vehicles were the major import articles in Ural Federal District; these goods made up 33.7% of the total imported goods volume. 30.1% of all the goods imported was

Russia’s Federal Financial Markets Service nullified the license of ZAO Gazinvest which allowed the company to deal in brokerage and dealing operations as well as to perform securities transactions, The Service reports the license was annulled because the company turned out to be guilty of repeated offense of the Russian Federation securities legislation; the violations occurred over the course of one year and consisted, among other things, in failing to comply with the regulatory legal acts issued by the federal executive body in charge of the securities market.

Khanty-Mansiyskiy Retirement Fund, a non-state retirement fund, will soon be headed by Alexei Okhlopkov, RBC daily reports. Prior to his new appointment, Okhlopkov was Vice President of Stalfond for a few years; in 2009, he left the company for Severstal, where he supervised the organization’s construction and development projects and was in charge of some other things as well. When asked about the challenges set for him by the retirement fund’s founders, Alexei Okhlopkov said his primary duty was to make sure the investments in the business yield stable and significant profit; he also has to

‘Judging by our semiannual report, deposits are still some of the most popular banking products at the moment. The customers are now paying attention not only to the interest rate level, the terms of capitalization, and the deposit period, but also to some other things like the topping-up option, for example, or the possibility to take some money out of one’s deposit account. This is why we have moved further in terms of deposit offer improvements and introduced e-management of deposits. Our customers can now freely control their savings remotely,’ says Vice President and Retail Services

Vysokovoltniy Soyuz concern manufactured and shipped the machinery for the new power substation 110/35/10 kv Truskavets-91 of OAO Lvovoblenergo onto the plant. The concern’s experts performed all the procedures related to the production and testing of all the high-voltage gear that constitutes the machine. The agreement for the delivery of the substation equipment was signed in February 2010; under this contract, the concern was to deliver a 110 kv outdoor switch-gear, a substation control center combined with KPRZ-10 factory-assembled switch-gear with fourteen KU-10C cells. All the machinery

Russian national Alexander Sichinskiy, 47, was recently extradited from Prague to Moscow by Interpol officers. Sichinskiy’s charges are based on Article 174-1 (part 2) and Article 165 (part 3) of the Russian Federation Criminal Code: damage to property through deception or breach of trust and money-laundering, the press officer of Interpol’s Russian Ministry of Internal Affairs division reports. Alexander Sichinskiy was placed on Interpol’s international ‘wanted’ list in August 2009 upon the initiative of Chelyabinsk Region’s Internal Affairs Administration and was detained in the Czech

Yekaterinburg’s subsidiary of Rostra Insurance Company was the organization that won the tender coordinated by Sverdlovsk Region’s car fleet, a state-run enterprise. As a result, the two parties signed an obligatory automobile liability insurance agreement that covered 281 cars from the regional government’s fleet, the spokesperson for Rostra says. There were eight other companies participating in the tender: EnergoGarant, Moscow Joint Stock Insurance Company, VSK, Ingosstrakh, AlfaStrakhovaniye, Yugoria, ZhASO, and Rosgosstrakh.

Perm Territory and Sverdlovsk Region are planning to hand a portion of Perm-Serov-Khanty-Mansiysk-Surgut-Nizhnevartovsk-Tomsk highway over to the Russian Federation, Perm’s regional server says. For one, the Kama Region is going to give away a 200-kilometer portion of the tract through Chusovoy, Gornozavodsk, and Teplaya Gora up to Sverdlovsk Region’s border. The last two stretches of the road that ensured a direct link through Perm Territory and Sverdlovsk Region to Khanty-Mansiyskiy Autonomous Region were commissioned in 2009.

ZAO Raiffeisenbank’s Supervisory Board decided to close down a number of the company’s offices. For one, this means the bank’s branches in Surgut and Zlatoust will stop operating between the third quarter of 2010 and the first quarter of 2011. The bank explains the decision was taken with the wish to enhance their regional network’s efficiency in mind; the company also wants to expand the range of services offered in its provincial representations.

Counterfeit Sochi Olympics 2014, a multi-purpose law-enforcement campaign on counteracting piracy, has come to an end in Yekaterinburg. For over a week, the local police were trying to detect and counteract offenses related to manufacturing, storage, transportation, and sales of pirated items which illegitimately bore the Olympic Games symbols and logos, says Sverdlovsk Region Internal Affairs Administration’s press service. 4,530 counterfeit items worth over 470,000 RUR were confiscated altogether, including 2,480 items with the Olympics and Paralympics symbols worth 274,000 RUR.