23 November 200709:17

SKB-Bank introduces ATMs in new regions

SKB-Bank introduced three new ATMs in Yamalo-Nenetsk Autonomous Region, Khanty-Mansiyskiy Autonomous Region, and Perm Territory. The new machines are located in Noviy Urengoi, Megion, and Perm. Raising the number of its ATMs is part of the bank’s infrastructure development as well as an attempt to meet the customers’ demands (there are already more than 400,000 cardholders among them already). SKB-Bank is Russia’s largest regional bank in terms of ATM network development; it owns 210 machines in dozens of Russian cities, the bank’s press officer says.
23 November 200709:15

SKB-Bank reports its Gold Standard deposit grows more profitable

SKB-Bank has come up with new and more attractive deposit offers for its customers. You can now get the annual interest rates of 11%, 12.25%, and 12.75% over six months, one year, and three years, respectively, on the bank’s Gold Standard deposit. The lower limit on a deposit was determined at 100,000 RUR, but the more money you deposit, the higher the interest rate goes. And there is the advantage of a monthly capitalization of interest into the bargain. 'This deposit’s popularity stems not only from its obvious profitability but also from the fact that we offer our customers Visa Gold
23 November 200709:13

Ural Treasures Bank begins Business Season 2007/08

Ural Treasures Bank began the Business Season 2007/08: a special program that was first introduced in 2004 to ensure better cooperation with the bank’s partners and customers. The program provides for events like round table discussions, seminars, product presentations, and meetings attended by the bank’s top management as well as informal club gatherings. This year’s Business Season starts with a case study devoted to applying for and getting a bank loan. Then, the bank’s customers and employees are to take part in a bowling championship.
23 November 200709:09

Khortytsa presents its production process online

Khortytsa Distillery is for the first time giving all of its customers a chance to watch their production process online using the company’s official website. The spokesperson for the company says guaranteed quality is becoming a must for someone who wants to be successful on the strong drinks market, so producers come up with more and more ways of enhancing the customers’ loyalty to and faith in the product. Khortytsa goes for production upgrades every six months, and their last innovation consisted in installing web cameras in all of the production departments. There are cameras in the
23 November 200709:07

URSA Bank’s bonds get on Bank of Russia’s pawn list

The Central Bank of Russia put URSA Bank’s five-billion-ruble bond issue (No. 40700323В) on its pawn list on November 13, 2007. This is going to be the bank’s fifth bond issue to get on this list, preceded by two 1.5-billion-ruble bonds and two 3-billion ruble ones. Repurchase agreements can be signed as soon as the Central Bank’s letter appears in the bank’s official newsletter and after the bonds are made available at MICEX stock exchange. URSA Bank went through with the bond issue on July 26, 2007. These will be in circulation for five years.
22 November 200709:34

Russian sole trader does $80,000 worth of damage to Universal Pictures

The court of Revda, Sverdlovsk Region, found a local sole trader guilty of violating Universal Pictures’ copyrights. It was detected in the course of a preliminary investigation that in April 2007, a thirty-year-old businessman bought 19 pirated DVDs with a number of feature films on them that are exclusively owned by Universal Pictures. He was then going to sell those on one of Revda’s markets and make some profit. The local law-enforcement officers confiscated the pirated items after the offender’s intent to make illegal profit had been proved. The unfortunate businessman was estimated to
22 November 200709:32

URSA Bank gives away prizes for Cozy Deposits

URSA Bank carried out its first prize-drawing procedure for customers who used the bank’s Cozy Deposits. As a result, 165 depositors were given cozy gifts such as comfy pillows, some warm plaids, and sets of towels; these things that make a home nice and warm could be received by anyone who deposited at least 50,000 RUR, $2,000, or Ï2,000 with URSA Bank between October 1, 2007 and November 2, 2007. The second prize drawing will take place on December 1, 2007; these prizes can be received by customers whose deposits haven’t won anything yet. 'I congratulate the winners with all my heart!
22 November 200709:28

Volume of natural persons’ deposits in SKB-Bank goes up 3.5 times in three years

The Bank of Russia’s Banking Surveillance Committee admitted in November 2004 that SKB-Bank met all the requirements imposed on the members of the state deposit insurance system. The system in question was believed to support the country’s financial stability, make Russian people trust the national financial organizations more, and strengthen the banking system. SKB-Bank’s analysts observe Russian people did start to have more faith in commercial banks after all: 'Three years ago, the volume of natural persons’ deposits in SKB-Bank only came to less than 2 billion RUR, whereas this
22 November 200709:24

Autoland can’t foresee outcomes of strike at Ford’s factory

Autoland Company has so far been unable to comment on the possible outcomes of a strike at Ford’s factory in Leningrad Region, even though the cars made there are supplied to Yekaterinburg as well as number of other Russian cities. According to Ford’s official website, the strike is expected to last at least until November 26, 2007. 'A strike could not possibly result in us meeting the workers’ demands, as the collective agreement we signed at the beginning of the year is valid through February 2008. As for the next agreement, the parties involved are supposed to start negotiating on the
22 November 200709:22

UC RUSAL’s Social Welfare Projects Center subsidiaries set up in Sverdlovsk Region

UC RUSAL set up a number of Social Welfare Project Center subsidiaries in Sverdlovsk Region. The events were coordinated by representatives of local governments, small and medium-scale business executives, members of regional NGOs, and educational establishments in Severouralsk, Krasnoturinsk, and Kamensk-Uralskiy. UC RUSAL's local press officer Roman Lukichev says the company is planning on implementing seven charity projects in Sverdlovsk Region, to be coordinated by the Social Welfare Project Center. The local subsidiaries are expected to provide the authorities with all the data
22 November 200709:18

Federal Antimonopoly Service says Bank UralSib violates antimonopoly law

Federal Antimonopoly Service’s division in the Republic of Bashkortostan declared that Bank UralSib had violated the federal Competition Protection Act, the spokesperson for the Service reports. As it happens, the bank never provided the Service with any data on the agreements it signed with the executive authorities, local governments, or other entities, claiming that these agreements were not subject to the antimonopoly agency’s surveillance. At the same time, Bank UralSib’s office in Ufa provided the Service with copies of 113 agreements. Nevertheless, the Federal Antimonopoly Service’s
21 November 200709:19

Taxi grows pricier in Sverdlovsk Region

A number of local taxi services announced they were raising prices; owner drivers followed suit. ‘It’s true that taxis have grown pricier lately, mainly due to the winter season and lots of traffic jams in Yekaterinburg. It’s a bit early to speak of an increase in the fuel prices yet, but they do tend to go up. We had to raise our fares by 5-7% about a week ago,’ acting director of Taxi Troika Ltd Sergey Istomin said to UrBC. ‘Our reasons for doing so had to do with the lack of financial motivation on the drivers’ part. Given the time they waste in the traffic jams, they lose a lot of money