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 dropped by 100% (from 12 million RUR to zero) in January-April 2008.

Owing to a large amount of papers the applicants have to prepare in order to apply for the development of Udokanskoye ore deposit in Chita Region (as the deposit is quite unique in many ways) as well as in order to make sure the tender is as transparent as it can be, the Russian Ministry of Natural Resources and the Environment decided to prolong the application deadline by 30 days. The original deadline was May 14, 2008. The Ministry hasn’t received any applications yet, their press officer reports. Udokanskoye deposit’s capacity has been estimated at 187,000 tons of ore a year, which will

According to the Central Bank of Russia, volume of loans given by UralTransBank to natural persons for 31 to 90 days went down by 75.15% (from 2.105 million RUR to 523,000 RUR) in January-April 2008.

Uralmash Machine-Building Corporation has recently signed a contract with Ahangarancement, the cement works located in Ahagaran, Uzbekistan. The contract is related to the delivery of two mill frames. The total weight of the machinery has been estimated at 100 tons, the spokesperson for the corporation said to UrBC. The first frame is to be delivered in December 2008, the second one – in February 2009. The spokesperson for the corporation reports this is the company’s first contract with an enterprise located in the CIS. Uralmash will probably sign another contract with Uzbek Kuvasaicement in

Moscow, 14 May 2008 - UC RUSAL, the worlds largest aluminium and alumina producer, is pleased to announce its plans to complete the main construction phase and purchase production equipment for the Taishet Aluminium Smelter in 2008. Total investment will exceed USD 700 million this year. The smelters first metal is scheduled to be produced at the end of 2009. 60% of the investment this year will support building and assembling works at the smelter. The remainder will be used to purchase the required equipment. At present, 70% of the contracts for supplying production equipment have been

Magnitogorsk Iron & Steel Works’ ore mining and processing facilities have been fitted with a new shop meant for processing of metallurgical dross. According to MMK’s PR Department, the new shop was set up in order to recycle the metallurgical waste products and thus implement the enterprise’s medium-term investment program. The shop is located at a former waste deposit in Mount Magnitnaya’s mine. The hot dumps themselves are going to become a part of the new facility. This metallurgical waste is one of MMK’s strategically important objects. The plant’s dross processing shop fully

Starting May 1, 2008, METCOMBANK offers increased interest rates on its Spring/Summer and Simple Solution deposits each Thursday. In addition, any customer who opens or reopens any deposit investing 15,000 RUR or more can choose METCOMBANK’s special present.

The office of Souyz Capital Credit, the consumer cooperative, still cannot be reached over the phone, and the investors are still unable to get any information as to when they are going to get the dividends on their investments again. Some of these investors report off the record that they have invested some money in the cooperative but were unable to get it back when the time came. The investors say their money could have been refused to them due to financial troubles that, in their, turn, had been caused by the recent arrest and temporary freeze of the company’s accounts. Souyz Capital

Central Bank of Russia reports volume of loans given by UniCreditBank to state-run for-profit organizations for 91 to 180 days went down by 86.6% (from 134.5 million RUR to 18 million RUR) in January-April 2008.

According to the Central Bank of Russia, volume of loans given by UralFinPromBank to sole traders for 31 to 90 days plummeted by 93.5% (from 18.18 million RUR to 1.18 million RUR) in January-April 2008.

ChTPZ Complex Pipe Systems (ChTPZ KTS) delivered over forty tons of bent branches to Surgutneftegaz. The produce is meant for the construction of a pipeline in Khanty-Mansiyskiy Autonomous Region, the spokesperson for ChTPZ Group said to UrBC. The goods delivered have undergone ultrasonic testing, X-ray examination, magnetic particle and capillary control, and all the details and parts were subject to in-plant testing, which ensures perfect quality and great maintainability. In addition, the product quality is further supported by the ISO 9001-2001 quality management certificate that covers

Ural Airlines was happy to service the first passengers who’ve used the airline’s special offer that provides for a flight from Yekaterinburg to Saint Petersburg and back and a hotel reservation. ‘My friend and I were going to visit an exhibition in Saint Petersburg. I checked out the carrier’s website to book the tickets and I saw this special offer; I told my friend about it, we thought it over and decided that this was a good offer for us. So we saved both time and money. I have to go on business trips quite often, and having a hotel reservation made alongside with the booking of the

According to the Central Bank of Russia, volume of loans given by Uralprivatbank to private individuals for 181 days to 1 year went down by 26.7% (from 8.296 million RUR to 6.077 million RUR) in January-April 2008.

Head of Sverdlovsk Region Government Viktor Koksharov met Germany’s Foreign Minister and Vice-Chancellor Frank-Walter Steinmeier at Koltsovo airport of Yekaterinburg on May 13, 2008. The spokesperson for the Governor of Sverdlovsk Region reports the minister heads an official delegation of Germany’s leading business executives. The agenda of the minister’s visit covers meeting the Governor of Sverdlovsk Region Eduard Rossel, negotiating with the Russian Federation Minister of Foreign Affairs and Plenipotentiary Representative of Russian Federation President in Ural Federal District Petr

Central Bank of Russia reports volume of loans given by Pervouralsk Joint Stock Commercial Bank to state-run for-profit organizations for 181 days to 1 year dropped by 100% (from 1.4 million RUR to zero) in January-April 2008.

URSA Bank made $15.79m worth of coupon payments on its Eurobond issue on May 12, 2008, the bank’s press officer reports.

Moscow, 13 May 2008 - UC RUSAL, the worlds largest aluminium and alumina producer, is pleased to announce the appointment of Dmitry Razumov, CEO of the ONEXIM group, to its Board of Directors. This appointment follows the acquisition of 25% plus one share stake in Norilsk Nickel from the ONEXIM Group. Biography: Dmitry Razumov has been the CEO of the ONEXIM Group since May 2007. From 2001, Dmitry was deputy to the CEO of OAO GMK Norilsk Nickel. In this capacity, he supervised the development strategy of the company and its merger and acquisition policy. Between 2000 and 2003, Dmitry was a

According to the Central Bank of Russia, volume of loans given by Tagilbank to sole traders for 31 to 90 days went down by 81% (from 11.94 million RUR to 2.258 million RUR) in January-April 2008.

Arbat Prestige, the cosmetics store located at the intersection of Lenin Ave. and Gagarin St. in Yekaterinburg, has recently closed down. This was Arbat Prestige’s last store in town, while the first one, located in Vosmoye Marta St., had to stop operating in November 2007. Neither the company’s local representatives nor the HQ employees could provide any comments.

According to the Central Bank of Russia, volume of loans given by Khanty-Mansiyskiy Bank to state-run for-profit organizations for 1 to 3 years went down by 41% (from 178 million RUR to 104.735 million RUR) in January-April 2008.