According to the Central Bank of Russia, volume of loans given by Perviy Respublikanskiy Bank to for-profit self-regulatory organizations for 31 to 90 days went down by 28.21% (from 290.281 million RUR to 208.4 million RUR) in December 2007-January 2008.

'We are having a hard time with some consumer electronics producers due to the recent amendments to the federal law on competition,’ Centri Maintenance Center’s Technical Director Leonid Khavroshin said to UrBC. The amendments came into force on December 12, 2007 and now give a customer the right to complain about the quality of a product not only to the producer and the seller but to the importer as well, who is now responsible for the quality of the product, too. According to Yekaterinburg Consumer Rights Committee Chairman Andrei Artemiev, it is usually the seller that the

Central Bank of Russia reports volume of loans given by Tyumenenergobank to sole traders despite overdraft went down by 26.85% (from 4.283 million RUR to 3.132 million RUR) in December 2007-January 2008.

The court is going to consider Koltsovo airport’s claim against Aviaprad on March 3, 2008. The decision to postpone the hearing was taken by the Judge of Sverdlovsk Region Court of Arbitration to give the parties a chance to work over and agree on the details of the case, the court’s press officer says.

'We experienced a software breakdown on February 22, 2008 and were thus unable to perform certain operations with the natural person accounts. For one thing, no new accounts could be opened; nor could our customers get any statements of their accounts, even though the balance was available from any ATM or office,’ the spokesperson for Alfa Bank’s Yekaterinburg branch Evgeniy Vladykin said to UrBC. 'All the problems were solved during the day, so our customers could be serviced properly again. As we never got a single complaint, I would think no psychological damage was done,’ the

Central Bank of Russia reports volume of loans given by Bank24.ru to for-profit self-regulatory organizations for 91 to 180 days went down by 40.96% (from 63.344 million RUR to 37.4 million RUR) in December 2007-January 2008.

Central Bank of Russia reports volume of loans given by Uralprivatbank to sole traders for 181 days to 1 year went down by 11.32% (from 37.017 million RUR to 32.826 million RUR) in December 2007-January 2008.

The value of net assets of Energy – Mixed Investments (the unit investment trust) managed by Eurogreen Management Company Ltd. went down by .29% between February 21, 2008 and February 22, 2008. According to Eurogreen’s website, the company’s net assets decreased from 3,067,675.03 RUR on February 21, 2008 to 3,058,876.06 RUR on February 22, 2008.

Russian Copper Company inspired the creation of Russian Nickel Company - a new player on the nickel and cobalt production market. According to Russian Copper Company’s press officer, Russian Nickel Company consists of enterprises that possess licenses entitling them to development of cobalt and nickel deposits in Chelyabinsk Region and Altai Territory. The estimated volume of the known reserves comes to more than 440,000 tons of nickel, while the volume of the possible reserves reaches over 714,000 tons. This year, the company is to handle the basic design and start the construction of an ore

According to the National Managers’ League’s online data on unit investment trusts, the share price of Denezhkin Kamen (Investstroy Management Company) went down by 19.11% (from 1,125.25 RUR to 944.74 RUR) between December 29, 2007 and January 31, 2008.

Central Bank of Russia reports volume of loans given by Sverdlovsk Gubernskiy Bank to for-profit self-regulatory organizations for 181 days to 1 year went down by 17.84% (from 2,703,220,000 RUR to 2,220,958,000 RUR) in December 2007-January 2008

Over 400 strong drinks producers took part in the 10th International Tasting Contest held within the framework of ProdExpo 2008 exhibition. Many competing drinks were given gold, silver, and bronze medals, while the first prize was awarded to vodka produced by Khortytsa. This trademark entered the Russian market in 2006, and its sales have been soaring since. Apart from the first prize, the drink received over 200 awards at a number of respectable international competitions. ‘We were determined to become the market’s absolute leader in terms of quality when we first launched the production of

The solemn ceremony of laying of the foundation stone for the plant’s future LDP shop took place at Chelyabinsk Tube Rolling Plant, the spokesperson for ChTPZ Group (which the plant is a part of) told UrBC. The event was attended by Governor of Chelyabinsk Region Petr Sumin, Chelyabinsk Region’s representative in the Soviet of the Federation A. Komarov, Mayor of Chelyabinsk M. Yurevitch, ChTPZ Group’s BOD Chairman A. Fedorov, and Vice President of SMS MEER, ChTPZ‘s German partner. The shop, meant for production of large diameter pipes (with the diameter of 508 mm to 1,420 mm) with both inner

According to the Central Bank of Russia, volume of loans given by Uralfinprombank to natural persons for 181 days to 1 year went down by 16.12% (from 134.791 million RUR to 113.057 million RUR) in December 2007-January 2008.

According to the National Managers’ League’s profitability ranking of unit investment trusts as of February 21, 2008, the share price of Raiffeisen Telecommunications (Raiffeisen Capital Management Company) has gone down by 19.14% since the beginning of the year.

According to the National Managers’ League’s profitability ranking of unit investment trusts as of February 21, 2008, the share price of CIT Fortis Telecommunications (CIT Fortis Investment Management Company) has gone down by 18.28% since the beginning of the year.

'If the regional division of the state board of experts does not approve of their construction project, Aston might be forced to pull down the building they have been putting up at 57 Radischev St. It all depends on whether the builder has actually got the construction permit,’ says Svetlana Korabel, Director of Jus Cogens Law Firm. According to Rossiyskaya Gazeta, Sverdlovsk Region’s division of the state board of experts looked into the project and was planning to turn it down on February 20, 2008, since the experts found a number of problems in this project. In the meantime, the local

The world’s largest producer of aluminum and alumina, UC RUSAL has recently launched ALSCON plant in Nigeria. The company is planning to fully upgrade all the production processes and make the plant produce 197,000 tons of aluminum a year in 2010. The upgrading program will cost about $300m to complete. Having bought ALSCON’s shareholding in February 2007, RUSAL decided to revive the plant that had been idle for eight years. The upgrading program covers both the construction jobs and the improvements in the technological field. The plant consists of two electrolysis departments, a

The new Board of Directors was elected in the course of an EGM held by Ural Treasures Bank’s shareholders. The new Board now consists of V. Balabanov, A. Gusev, A. Danilin, I. Mukhametdinov, and V. Urvantseva. Besides, the bank moved on from being a close joint stock company to being an open one. V. Balabanov was re-elected BOD Chairman, while Alexander Vasilyev was appointed acting CEO and Chairman of the Supervisory Board, thus succeeding Mr. Markov, who is now employed by Moscow-based Rus-Bank, the bank’s press officer said to UrBC. Ural Treasures Bank is Ural Federal District’s 15th

LUKOIL Permnefteprodukt introduced new prices for gasoline sold in Perm Territory, Kirov Region, and Sverdlovsk Region. Regular EURO 92 and Super EURO 98 now cost 20.5 RUR and 23.9 RUR per liter, respectively, which is 3% and 1.7% more expensive than the previous prices and 18.50% and 14.35% more expensive than in February 2007. The increase in prices was explained by the need to switch to the EURO standard gasoline whose quality is better in many ways, the growing wholesale market prices, and rising tariffs, which means LUKOIL has to spend more on transportation and storage.