Central Bank of Russia reports volume of non-profit NGOs’ deposits in Tyumenenergobank valid for over 3 years went down by 84.38% (from 1.6 million RUR to 250,000 RUR) in January-August 2007.

‘We’ve taken a number of decisions aimed at fighting the unscrupulous players on the financial market as well as at restraining the media that engage in providing the public with legally inaccurate information; in addition, some measures will be taken to enhance the people’s economic literacy,’ Director of BrokerCreditService Company’s Yekaterinburg branch Viktor Nemikhin said after attending a meeting on counter-fraud policies on stock markets. This meeting was coordinated by National Association of Securities Market Participants (NAUFOR)’s Ural branch and the local division of Federal

The Future Development Forum proceedings were resumed in Yekaterinburg on September 26, 2007. ‘I’m pleased to see that our forum managed to grab the attention of experts from management companies, builders and developers, investment funds, banks, and many other people that contribute to the way Yekaterinburg looks today,’ Deputy Mayor Viktor Konteev declared in the course of the opening ceremony. The ceremony itself took place in Moskovskaya Gorka Hotel on September 25, 2007; the hotel also hosted a conference on selective-entry unit investment funds for businesses, real estate, protection

Sukhoi Superjet 100’s first public presentation has recently taken place in Komsomolsk-on-Amur. The event gave all the project participants (Sukhoi employees and the company’s partners and suppliers) a chance to get together for the first time. The presentation was also attended by First Deputy Head of Government Sergey Ivanov. Sukhoi’s first customers, including Aeroflot, Ural Airlines, Dalavia, and Air Union, were also invited. Ural Airline’s press officer reports the plane presented is fully prepared for flight trials, with body, planes, fins, and engines all pieced together safely. The

URSA Bank paid $114.5 million on Uralvneshtorgbank’s one-year Eurobonds (this comprises both the sum itself and the interest) on September 21, 2007. URSA Bank accepted this liability since it was actually born out of Uralvneshtorgbank’s merger with SibAcademBank in December 2006. The principal amounted to $110 million; the interest came to $4.5 million. Uralvneshtorgbank went through with the Eurobond issue in September 2006 when the demand outstripped the supply impressively, reaching over $210 million. Investors from Switzerland, Great Britain, Germany, Luxembourg, Hungary, Chile, the

SKB-Bank’s consumer loan portfolio reached 9,259,040,000 RUR on September 1, 2007, which means SKB-Bank became Sverdlovsk Region’s largest bank in terms of consumer lending and got on Ural Federal District’s Top 3 banks list. The volume of consumer loans offered by the bank has grown by 4,225,876,000 RUR, or 84%, since the beginning of the year, whereas the loan portfolio quality has traditionally remained outstanding, with the proportion of bad debt coming to a mere 2%. SKB-Bank’s press officer reports theirs is the best growth rate in the entire Ural Region.

‘One of the city’s future districts known as Academic is currently under construction in Yekaterinburg. We have already thought through the landscape design of these 1,200 hectares of land; high-rise buildings will be intermingled with green zones, and there will also be a 400-hectare park,’ head of Valode & Pistre Jean Pistre announced at the Future Development Forum on September 26, 2007. ‘Another thing we intend to do is use energy-saving technologies for this district, as we are trying to make sure the future dwellers get the best living conditions there are,’ M. Pistre said.

‘We are going to once again look into Home Credit and Finance Bank’s activity in the nearest future because we have been getting innumerous complaints lately,’ Natalia Afanasieva, Consumer Rights Protection Director of regional division of Rospotrebnadzor (the state consumer rights watchdog) said to UrBC. According to head of Rospotrebnadzor Gennady Onischenko, they keep receiving plenty of complaints related to banks’ performance, and most of them are targeted against Home Credit and Finance Bank Ltd. ‘This is not the first time the bank is going to be inspected. We first investigated their

The city council executives gave a report on the budget administration in the first half of 2007 to Yekaterinburg Municipal Duma Deputies in the course of the Duma’s 45th session. According to Andrey Koryukov (the council’s Finance and Budget Director), the budget revenues came to 7.952 billion RUR, or 46% of the planned amount, in January-June 2007. The better part of revenues (5,461 billion) came from taxes and non-tax revenues. In addition, 1.863 billion RUR were donated by Sverdlovsk Region in the form of subsidies and grants. The budget expenditures amounted to 7.34 billion RUR, or 38.7%

Governor of Chelyabinsk Region Petr Sumin met President of Rosptitsesoyuz Vladimir Fisinin, President of Germany-based Lomann Rudolf Preisenger and General Director of Chelyabinsk poultry plant Vladimir Murashov. The spokesperson for the Governor reports the entrepreneurs arrived in Chelyabinsk region in order to attend Lomann’s annual seminar; the thing is, birds of Lomann’s cross are raised at Chelyabinsk poultry plant. Vladimir Fisinin says poultry farms are developing all over Russia in a rather successful way, with Chelyabinsk Region outstripping all the other parts of the country in

'As far as our enterprise is concerned, the domestic market is what matters most for our development,’ BOD Chairman of Magnitogorsk Iron & Steel Works (MMK) Viktor Rashnikov says. He believes the company is going to ship more metal goods to domestic consumers this year, as the Russian market keeps experiencing an annual increase of 7% to 10% a year in metal produce consumption. 'Ours is a very good position for using this market’s potential to the fullest: we are both geographically close to the major consumers and have long-term relations with the key customers,’ Mr. Rashnikov

The spokesperson for Evraz Group reports that new equipment meant for improving the performance of the plant’s fourth CC machine arrived at Nizhniy Tagil Iron and Steel Works’ LD plant. The new gas cutting unit (made in Austria) is now undergoing the pre-assembly preparations carried out by experts from the plant’s master mechanic division. This gas-cutting unit is a crucial part of the company’s CC machine; it’s supposed to cut the steel work pieces into slabs with great precision, making it possible to get 300-millimeter slabs at 1.3 meters per minute. The Austrian gas-cutting unit will

SKB-Bank made its first coupon payments on ruble bonds on September 20, 2007. The whole sum amounted to 24,310,000 RUR, with the coupon revenue per bond thus coming to 24.31 RUR. National Depositary Center was acting as the paying agent. The bank went through with its first ruble bond issue on June 21, 2007; the issue was worth 1 billion RUR altogether, with the bonds liable to a three-year circulation period. The first coupon annual interest rate was declared at 9.75%, SKB-Bank’s press officer said to UrBC.

The opening ceremony of the Vietnamese Consulate-General in Yekaterinburg is to take place in October 2007. Some high-ranking Vietnamese officials are expected to attend the ceremony, the spokesperson for Sverdlovsk Region division of the Ministry of Foreign Affairs said to UrBC. The consulate will be located at 22 Karl Liebknecht St.

According to the Central Bank of Russia, volume of non-profit NGOs’ deposits in Sverdlovsk Gubernskiy Bank valid for 1 to 3 years went down by 66.09% (from 110 million RUR to 37.301 million RUR) in January-August 2007.

Central Bank of Russia reports volume of loans given by Ural Interregional Bank to natural persons for over 3 years went down by 11.87% (from 14.693 million RUR to 12.95 million RUR) in January-August 2007.

Central Bank of Russia reports volume of natural persons’ deposits and investments in Uralprivatbank valid for 181 days to 1 year went down by 20.14% (from 143.522 million RUR to 114.616 million RUR) in January-August 2007.

The regional division of Rostechnadzor (the state environmental, technological, and nuclear safety watchdog) responsible for monitoring the local heating facilities inspected 18 different enterprises on September 17-21, 2007, revealing 133 industrial safety violations, their press officer says. Seven violations were disclosed at Concern Kalina, one of Russia’s major producers of beauty products and household chemicals. For one, Kalina turned a blind eye to the fact that its fourth-category water conduit failed to meet the necessary technical requirements; then, their boiler certificate says

The Ural Bank for Reconstruction and Development will celebrate its 17th anniversary on September 28, 2007. The bank’s press officer reports they are giving rather than receiving gifts because of this occasion: for a week, prize-winning quizzes are organized in the studio of Channel 4 every morning for all those who want to make a call and answer some questions on air. A few prizes have been given out already; the prize-winning marathon will come to an end on September 28, 2007.

Given the increasing number of frauds involving misuse of international plastic cards all over the world, Severnaya Kazna thought it best to protect its customers from even potential risks through limiting the maximum amount of cash a Visa or MasterCard cardholder can withdraw through an ATM in Australia, Brazil, Canada, Central and South Africa, China, Hong Kong, Bulgaria, Rumania, Turkey, Italy, India, Malaysia, Singapore, Spain, Taiwan, and Thailand to 15,000 RUR, $600, or ?400 a day beginning from October 1, 2007. This limit can be extended upon the request of a customer going abroad.