The construction of Nakhimov Plaza, a trade and office center at 9 Vainer St. in Yekaterinburg may take longer than expected. According to the builder, that is, to Aston’s Chairman Vyacheslav Trapeznikov, the technical commissioning of the center was scheduled for June 2008. At the same time, the chairman admitted that the bearing carcass structure had been completed only two months before, the façade had been finished by 60%, and the interior finishing had barely started. And, according to the billboard next to the construction site, the original commissioning deadline was determined at the

According to the Central Bank of Russia, volume of private individuals’ demand deposits and investments in Tyumenenergobank dropped by 39.22% (from 69.603 million RUR to 42.299 million RUR) in January-April 2008.

Central Bank of Russia reports volume of for-profit self-regulatory organizations’ deposits in VUZ Bank valid for 181 days to 1 year went down by 27.15% (from 486.882 million RUR to 354.651 million RUR) in January-April 2008.

SKB-Bank has recently introduced a new vacancy known as a Credit Agent. Once you become the bank’s credit agent, you get a commission for any loan that the bank was able to issue thanks to you. Your commission depends on the type of loan a customer has applied for. The bank offers the position to private individuals whose job involves interacting with plenty of people (like managers, HR department workers, trade union leaders, and the like) and any active and energetic people who are prepared to work hard and who’d like to expand their professional horizons. This is how the scheme works: a

URSA Bank and the European Bank for Reconstruction and Development signed a revolving credit line agreement as part of their trade financing program. The agreement was signed during the European Bank for Reconstruction and Development’s annual meeting that was held in Kiev on May 18-19, 2008, the bank’s press officer reports. Based on this new contract, URSA Bank can get at least 60 million RUR (to be returned within five years’ time) to finance trade fixtures. The bank has already had a few similar agreements before, but this is their only agreement with the European Bank for Reconstruction

UralBusinessConsulting’s West-Siberian branch started operating on May 1, 2008. The new office caters for news coverage of three Russian Federation subjects, that is, Tyumen Region, Khanty-Mansiyskiy Autonomous Region (Yugra), and Yamalo-Nenetskiy Autonomous Region. The agency’s West-Siberian branch provides news updates regarding the three regions based on the technologies that had been created and time-tested by UralBusinessConsulting over the seven years the latter has been operating on the Urals’ business information market. The data are freely available from both the new office’s

The recent research conducted by the National Agency of Financial Research (NAFI) on the availability of financial products and services for Russian businesses involved 2,200 respondents; these companies were asked to comment on how easy they feel it is for a startup company to get a bank loan provided they only have a good business plan and no collateral. Over a half of those surveyed said this would be difficult or extremely difficult. Only a quarter of respondents felt it was quite painless for a startup to get a loan. The respondents also said a business’s geographical location mattered a

The customs officers of Yekaterinburg-based Koltsovo airport and the representatives of Federal Security Service’s Frontier Service in Chelyabinsk Region managed to prevent the illegal export of a large amount of cash from Russia. As the passengers of Yekaterinburg-Prague flight were going through the customs formalities, a Russian citizen turned out to have ?9,200, $7,000, 750 CZK and 19,600 RUR on her; this money was never indicated in the passenger’s customs declaration. The total sum of undeclared cash exceeded 527,000 RUR, which means the woman was trying to smuggle a large amount of

Central Bank of Russia reports volume of loans given by Ural Innovational Commercial Bank to private individuals for 181 days to 1 year plummeted by 87.28% (from 9.206 million RUR to 1.171 million RUR) in January-April 2008.

According to the Central Bank of Russia, volume of for-profit self-regulatory organizations’ deposits in SberInvestBank valid for up to 30 days dropped by 95% (from 200 million RUR to 10 million RUR) in January-April 2008.

Aston, the local developer, has not been able to commission any of its buildings under construction yet. According to the builder’s official website, the second section of Aston Park (a nineteen-storey apartment block at 14 Kunarskaya St.) is to be commissioned in the first quarter of 2009, Aquarelle (a seventeen-storey apartment building at 115 Sofya Perovskaya St.) is to be commissioned in the first quarter of 2010, and Athena (a twelve-storey apartment building) is to be commissioned in the third quarter of 2009. At the same time, the commissioning of the building Aston is expected to

Central Bank of Russia reports volume of for-profit self-regulatory organizations’ deposits in Sverdlovsk Gubernskiy Bank valid for 1 to 3 years went down by 63.48% (from 8.188 million RUR to 2.99 million RUR) in January-April 2008.

‘Thanks to our long-term contracts, we have no shortage of raw materials at the moment,’ says BOD Chairman of Magnitogorsk Iron & Steel Works (MMK) Viktor Rashnikov. He says these contracts cover most of the company’s needs in terms of iron ore, baking coal, scrap metal, and natural gas, which guarantees stable supply and ensures a better calculation of the enterprise’s production expenses. For instance, MMK has a ten-year contract for the delivery of iron ore materials, supplied by Sokolovsko-Sarbaiskoye ore mining and processing enterprise based in Kazakhstan. MMK Management Company’s

Ural Airlines gives its customers a chance to book and buy their tickets for Yekaterinburg-Saint Petersburg-Yekaterinburg flight well in advance. At the moment, tickets are available at lower prices: if you book and buy ten days before the flight or earlier, one single ticket will only cost you 4,075 RUR (excluding the fuel fee).

The Federal Subsoil Resources Agency (Rosnedra) informed the Minister of Natural Resources and the Environment Yuri Trutnev that a number of enterprises dealing in subsoil resource development were going to lose their licenses. For instance, Zelen Kamen’s license allowing it to develop emerald and beryllium Malyshevskoye deposit, Sverdlovsk Region, expires on June 2, 2008. This results from the inspection conducted by Ural Federal District’s division of Rosprirodnadzor (the state environmental watchdog) in the fall of 2007. It was detected that Zelen Kamen failed to meet Rosnedra’s demands

According to the Central Bank of Russia, volume of nongovernmental financial organizations’ deposits in Bank24.ru valid for 91 to 180 days plummeted by 100% (from 19,000 RUR to zero) in January-April 2008.

The volume of SKB-Bank’s net assets came to more than 31.11 billion RUR on May 1, 2008, which is 11.7 billion RUR better than on May 1, 2007. In addition, the bank’s loan portfolio went up by over 9 billion RUR and reached more than 22 billion RUR in May 2008. Apart from that, SKB-Bank has managed to attract 26.82 billion RUR worth of investments (including over 10 billion RUR deposited by private individuals) by May 1, 2008. All in all, SKB-Bank improved most of its development indicators by over 50%, while its own funds rose by more than 150%. Some of these indicators have secured the bank

Russian Copper Company (a joint venture set up by Russian Railways Public Company, UMMC, and Vnesheconombank) applied for the development of Udokanskoye copper deposit. The application was placed with the Federal Subsoil Resources Agency, Russian Railways Public Company’s President Vladimir Yakunin announced in the course of 1520 Strategic Partnership forum in Sochi.

According to the Central Bank of Russia, volume of loans given by Uralprivatbank to private individuals despite overdraft went down by 22.18% (from 31.178 million RUR to 24.264 million RUR) in January-April 2008.

Central Bank of Russia reports volume of loans given by Bank Uralfinance to private individuals for 181 days to 1 year dropped by 35.33% (from 165.524 million RUR to 107.032 million RUR) in January=April 2008.