Unipromed’s net loss rose by 1.197 million RUR, or 25.86%, in the second quarter of 2008 (from 4.628 million RUR in the first quarter of the year to 5.825 million RUR in the second one). The company explains this has to do with lower production output and writing off overdue debts.

Concern Kalina Board of Directors’ advice to the annual general meeting attendees is not to declare the dividends for the second half of 2008. The stockholders meeting itself is to take place on May 14, 2009 in Yekaterinburg.

URSA Bank declared it was about to buy out its Eurobonds. The bonds in question are a ?400m issue to be retired in May 2010 (ISIN: XS0301291729) and a ?300m one to be retired in November 2011 (ISIN: XS0274663383), the bank reports. The first issue bonds with face value of ?1,000 will be bought for no more than ?900 apiece, the bonds from the second issue will be bought for no more than ?780 apiece. The final scale of the buyout and the prices are to be determined in the course of a Dutch auction. The total buyout volume is not expected to exceed ?60m for each issue and ?100m for two issues

The Central Bank of Russia reports volume of loans given by Sberinvestbank to non-state for-profit organizations for 181 days to 1 year had gone down by 39.21% (from 102 million RUR to 62 million RUR) by February 1, 2009.

The number of Bank Severnaya Kazna’s (Alfa-Bank’s asset at the moment) Supervisory Board members has been reduced to three; the decision to this extent was made by the bank’s Board of Directors. The Supervisory Board is therefore now comprised by Chairman Andrei Volchik and his Deputies Roman Vitkovskiy and Sergey Shevchenko.

Governor of Chelyabinsk Region Petr Sumin met Head of Chelyabinsk Region’s division of the Federal Antimonopoly Service Anna Kozlova to look into the Service’s local performance. Ms Kozlova reported on the ongoing monitoring of the antimonopoly and advertising legislation in the region as well on the fines imposed on the detected offenders and the current lawsuits. The major point on the meeting’s agenda, however, had to do with the possible measures that could help sustain food, medication, gasoline, and fuel gas prices. Kozlova suggested that an interdepartmental committee (set up two years

The Central Bank of Russia reports volume of loans given by Sberinvestbank to non-state for-profit organizations for up to 30 days had dropped by 100% (from 45 million RUR to zero) by February 1, 2009.

Ural Airlines lowered the ticket prices for its Yekaterinburg-Dushanbe and Yekaterinburg-Khudzhant prices on March 17, 2009. The special price now comes to ?200, and there is no fuel fee. The only extra payment is the commission charged for the paper slip of the ticket (which does not have to be printed out but can be if the customer wants it to). What is more, there duration of this special offer is unlimited. Tickets can be booked and bought via the company’s website www.uralairlines.com. In addition to the special ticket prices on flights bound for the CIS members, Ural Airlines has also

Ural Airlines is going to switch to its summer timetable early on March 29, 2009. This season, there will be more domestic flights and some new flights bound for the CIS will be launched into the bargain. For one, a Saint Petersburg-Gyandzha (Azerbaijan), a Perm-Dushanbe (Tajikistan) and an Irkutsk-Dushanbe flight will be introduced this summer. In addition, the carrier will be operating additional Yekaterinburg-Krasnoyarsk, Krasnoyarsk-Novosibirsk, and Norilsk-Sochi flights as well as the Novosibirsk-Moscow one. During the summer period, the company will offer its Yekaterinburg-based

UniCreditBank’s only shareholder made the decision not to pay the dividends on common and preferred stock this year. The decision was taken in Vienna, Austria, on March 16, 2009.

The net profit of Petrokommerz Commercial Bank reached 1,103,016,000 in 2008 against 1,524,545,000 RUR a year earlier. The decrease in the net profit has to do with the build-up on the net accrued interest and the foreign currency transactions income, the drop in the net profits coming from securities transactions, and having to invest more in the possible loss reserves, the bank reports.

Sverdlovsk Region Minister for Natural Resources Konstantin Kryuchkov chaired a meeting of the regional Environment and Nature Management Committee on March 12, 2009. The primary topic on the meeting’s agenda had to do with the local enterprises having to drop their emission rates down to the maximum permissible discharge limits this year. The regional government declared on March 18, 2005 that sixteen local companies based in environmentally challenged areas had to fit themselves into the limits by 2015. So far, several enterprises have actually managed to reach these limits by January 1,

FINAM Investment Company lowered its estimates of Uralkaliy common stock’s target price from $5.4 to $5.02 by the end of 2009. The company still suggests that it will be a good idea to keep buying these shares, the spokesperson for the investment company says. FINAM’s analysts believe that Uralkaliy’s production and financial development indicators will be going down this year, partially due to the re-investigation of the causes of the accident in Berezniki in 2006. This re-investigation could actually do a lot of financial damage to the fertilizers manufacturer. ‘The global financial crisis

Governor of Chelyabinsk Region Petr Sumin allocated 30 million RUR to set up a small business lending support fund. Another 80 million RUR have been provided by the federal budget, so the fund’s resources total to 110 million RUR altogether. According to the spokesperson for the Governor, the fund’s primary function is to act as a guarantor for small businesses borrowing money from a bank. In addition, preferential lending terms are offered to entrepreneurs by the fund itself. What is more, the fund is trying to negotiate for lower interest rates on bank loans provided the fund acts as a

Governor of Chelyabinsk Region Petr Sumin signed a decree providing administrative support to the local investment projects. The document is aimed at creating an investment-conducive environment in the region and making it easier for businesses to operate. Under the new decree, the potential investors will be able to have the whole issue settled at just one place, while applications for setting up a business are to be considered by the Ministry for Economic Development. The only papers an investor has to submit are a feasibility study, some financial reports, and evidence of paid taxes. The

Bank24.ru’s official website states that the bank’s former BOD Chairman Boris Dyakonov is now employed in the capacity of Deputy Chair of the Supervisory Board. In the meantime, the Board of Directors is now headed by a Life Group representative Yaroslav Alekseev. Even though the bank only reported the news to the public on March 13, 2009, the changes themselves took place as early as the end of February. One could assume that the news was placed on the bank’s official website following the media inquires as to what position Boris Dyakonov was holding at the moment.

Ural Airlines is going to re-launch its Israel-bound flights on March 25, 2009. ‘We’ve had to cancel this destination for two months, but now that the passengers’ safety can no longer be questioned, the flight is on our schedule again. This is one of our oldest international flights, actually: we keep operating flights to Israel for over a decade now,’ says the airline’s Commercial Director Kirill Skuratov. The departure and arrival times have remained the same: the flight is operated every Wednesday using an A 320 airplane. The plane leaves Yekaterinburg at 11.30 AM and arrives in Tel Aviv

The Department of Internal Affairs Ural Federal District’s division officers suppressed a crime group whose members are believed to have stolen 6.3 million RUR from Perviy Respublikanskiy Bank and some 16 million RUR from Koltso Urala Bank. The officers of the Yekaterinburg-based division initiated a number of criminal lawsuits on March 11, 2009, with charges based on Article 4 of the Russian Federation Criminal Code (large-scale fraud by an organized crime group). Their investigation revealed that a number of people had been using the names of companies like Konservant, Uralprodukt, and

‘The decision to close down Euroset-Boutique in Krasnoarmeyskaya St. in Yekaterinburg was taken as early as December 2008. What we are mostly interested in is the economic expediency of running every single outlet, and in this store’s case, we were hoping to reduce our outgoings through lowering the sky-high rent. We’ve tried negotiating with the landlords a number of times, but, alas, to no avail,’ Euroset Ural branch CEO Kirill Shabanov said to an UrBC reporter. ‘We are planning to reopen our luxury boutique very soon; this is actually a matter of two to three months’ time. But the boutique

‘The first court hearing of the claim laid by the workers of Krasnaya Shapochka mine against UC RUSAL’s Severouralsk bauxite mine (SUBR) took place on March 12, 2009. The hearing of one particular case (A.V. Novoselov vs. SUBR) was put off until the following day, with another one (N.V. Pidenko vs. SUBR) was scheduled for March 16-17, 2009,’ SUBR independent trade union’s head Valeriy Zolotarev said to UrBC. ‘Following a miners’ strike last year, two of the workers were taken off the job on the basis of a medical checkup results. Now the workers actually contest the conclusion these doctors