The net profit of AK BARS Bank went down by 297.25 million RUR, or 87.1%, that is, from 341.284 million RUR in the second quarter of 2009 down to 44.032 million RUR in the third quarter. The company says the decrease in net profit was brought about by the dropping loan income and the need to build up on the possible loan reserves. What is more, the net profit declined because the bank had to re-evaluate its foreign currency funds.

Kirill Shubin resigned from the position of Yekaterinburg-based Koltsovo Airport’s General Director before any decision to this extent has been taken by the company’s Board of Directors. It was reported on Friday that Governor of Sverdlovsk Region Eduard Rossel appointed Mr. Shubin Director of the region’s State Order Department. Kirill Shubin was supposed to have resigned on December 4, 2009 in the course of the airport shareholders’ extraordinary general meeting; apparently, he chose not to wait for the date. Prior to his resignation, Kirill Shubin had been running the company since May

Head of Russian Federation Government Vladimir Putin signed a decree that officially pronounces Chelyabinsk Federal Cardiovascular Surgery Clinic a legal entity, Governor of Chelyabinsk Region Petr Sumin announced at a meeting with his deputies and the regional ministers. Sumin feels giving a legal status to the clinic is a very important thing that will help to handle issues like delivery and installation of medical equipment. The Governor had sent a letter to Vladimir Putin a few days earlier, asking for help in financing the equipment purchases. Chelyabinsk Region, on its part, has already

Governor of Chelyabinsk Region Petr Sumin asked his officials to develop a set of additional measures that could help fight the flu generated by A/H1N1/ virus. Deputy Governor Evgeniy Redin reported at a recent meeting that two more people had died of this flu type over the weekend. A young man and a pregnant woman died of some viral pneumonia in Chelyabinsk and Nyazepetrovskiy district, respectively. All in all, four regional dwellers have been killed by the virus so far. Redin said this was not more than the seasonal flu mortality rate. Nevertheless, nine regional municipalities and four

The Bank of Russia’s PR Department reports their new authorized representatives were appointed in fifty Russian banks; the representatives will act in accordance with Article 76 of the Federal Act on the Central Bank of the Russian Federation (Bank of Russia). Among these banks are two Yekaterinburg-based organizations, namely, Bank Severnaya Kazna and Bank24.ru

Plenipotentiary Representative of Russian Federation President in Ural Federal District Nikolai Vinnichenko organized a meeting dedicated to the development prospects of Uralvagonzavod, one of Russia’s leading vehicle giants. ‘The Russian Federation Government took a whole set of recession-fighting measures targeted at bringing more stability to the enterprise; nevertheless, the situation is still difficult. The company’s main problem is their shrinking order portfolio, since their key customers, Russian Railways and First Freight Company, can’t afford to buy as much as they used to.

Sverdlovsk Region Arbitration Court refused to declare the ruling of the Federal Antimonopoly Service’s Sverdlovsk Region division invalid, the spokesperson for the FAS reports. The FAS’s regional division stated on August 11, 2009 that the advertisement of a newly built living quarter in Yekaterinburg was improper because of the slang words used. The use of slang is actually forbidden by Article 5 (part 6) of the Federal Advertising Act. The division placed an enquiry with A.M. Gorkiy Ural State University’s Chair of Ethics, Aesthetics, and Theory & History of Culture in order to get an

Moscow Arbitration Court rejected the claim initiated by Maxi Group’s minority shareholder Nikolai Maksimov. The plaintiff insisted that the summer shares-for-loans auction where the shareholdings of Maxi Group’s daughter enterprises were sold should be declared invalid, Maxi Group’s press officer reports. The shares of Nizhneserginskiy metal goods plant, Uralvtorchermet, and Ural Precision Alloys Plant were acquired by Novolipetsk Iron & Steel Works (NLMK) on June 25, 2009. Maxi Group then explained the sale was necessary to make the company’s asset management more efficient. Nikolai

UralTransBank announced its official website had been moved to a new company’s server on November 3, 2009, which was why some users might experience short-term difficulties accessing the site. This could be the case with users whose providers’ DNS servers don’t get upgraded every twenty-four hours, the bank’s official website says.

‘October has been our best month in terms of tax revenues so far. This means we can finance our most urgent projects: support our militia, finish the construction of two schools in Kusa and Zlokazovo, and help our municipalities,’ Governor of Chelyabinsk Region Petr Sumin announced at a meeting with his deputies and the regional ministers. The Governor also suggested putting up a secondary school in the village of Balkany, Nagaibakskiy district. He said it was hoped the following year would be better, and asked the administration executives to devise a capital development plan-2010 for the

Yuveliry Urala (the jewelry business) reports its sales have plunged recently. For one, the company’s net profit decreased from 3.42 million RUR in the second quarter of 2009 down to 1.75 million RUR in the third quarter. The drop thus amounted to 48%. The company says the drop in net profit has to do with shrinking sales.

The Bank of Russia’s PR Department reports the license of Universal Commercial Bank (OOO KB Universal, Pervouralsk, Sverdlovsk Region) was declared invalid because Universal had failed to comply with the federal banking legislation and with the Bank of Russia’s normative acts. What is more, the bank wasn’t able to meet its creditors’ money claims or to make any obligatory payments.

‘Gradara, Grand-Buffet, and Beer Baron restaurants that used to belong to Malakhit Union will definitely not operate any longer. The premises formerly occupied by these eateries have already been handed over to a new proprietor,’ Malakhit Union’s Marketing and Advertising Director Olga Apalkova said to UrBC reporter. ‘As a matter of fact, we have reached an agreement with a customer who is willing to buy these premises, but we are not prepared to declare the name of their new owner yet. We are currently busy signing all the necessary documentation. One thing is certain, all the logos and

Starting November 15, 2009, Ural Airlines is going to operate its new Samara-Tashkent flight. The flight will be operated every Sunday using a modern A320 airplane according to the following timetable: The plane leaves Samara at 2:40 PM and arrives in Tashkent at 6:30 PM; the return plane takes off at 7:50 PM and lands in Samara at 10:00 PM. The time indicated is local one. ‘This flight was introduced within the framework of Ural Airlines’ new strategy aimed at improving its position on the Volga Federal District market. The carrier is already offering scheduled flights from Samara to Moscow,

The claim laid by the public prosecutor for transportation of Serov, Sverdlovsk Region, against Russian Railways Public Company was sustained by the court, the spokesperson for Ural public prosecution authorities for transportation reports. The claim was actually laid on behalf of the local dwellers with disabilities with the aim to protect their rights, freedoms, and legitimate interests; the plaintiff insisted that the railway company take action and restore these people’s infringed rights. The court’s ruling states that Russian Railways Public Company’s Sverdlovsk Region division must make

United Company RUSAL reports some personnel changes at its enterprises. The company’s Bogoslovskiy smelter, for example, now has a new General Director: Yuri Moiseev, the former GD of Nadvoitskiy smelter/NAZ). Krasnoyarsk smelter’s former Production Development Director Alexander Krasovitskiy is going to become Nadvoitskiy smelter’s new GD. Bogoslovskiy smelter’s former GD Oleg Burkatskiy has been appointed UC RUSAL Krasnoyarsk smelter’s Production Development Director, UC RUSAL’s press service says.

Arbitration court is now looking into the claim laid by Koltsovo Airport of Yekaterinburg against KD Avia and VIM-AVIA. The airport wants the defendants to pay it 7.41 million RUR and 1.993 million RUR, respectively. The airport’s press officer explains the sums represent the airlines’ debts for ground services rendered to them by the airport.

The members of NLMK Group sold 779,000 tons of fittings, 160,000 tons of steel work-pieces, 146,000 tons of metal goods, and 77,000 tons of wire rod to their customers in January-September 2009. This was, respectively, 13% and 66% less and 29% and 97% more than in January-September 2008. The enterprises also recycled and shipped to consumers 1.8 million tons of scrap ferrous metals, which was 17% less than a year earlier. Then, the Group’s share of the building bars market came to more than 20% in nine months of 2009; that of the wire rod market came to 16%, and that of the metal goods market

A Yekaterinburg dweller claims VUZ-Bank gave her a counterfeited banknote, a number of Sverdlovsk Region-based TV compnies report. Galina Perevalova insists a fake bill was found among the banknotes she received upon closing her bank deposit. The problem was detected in another bank where she took the money in order to open a new deposit. VUZ-Bank (Life Group’s asset) representative deny any possibility of having given a customer a fake banknote and explain all their cash undergoes several security check stages. The officers of Yekaterinburg’s Chkalovskiy District Economic Offense Department

UralBusinessConsulting Agency for Information and Analytics has recently been informed that the management of Uralmash Machine-Building Corporation decided to keep making their Uralmash Engineering division employees work shorter hours until July 2010. Yet the workers had earlier been told that the shortened shifts would only be around until January 2010.