Central Bank of Russia reports volume of loans given by VUZ Bank to sole traders for 31 to 90 days went down by 67.33% (from 3.48 million RUR to 1.137 million RUR) in January-July 2007.

'The models of automobiles pertaining to premium class are nearly all readily available to our customers, with very few exceptions. There are also quite a few mass market car types that you can buy right away. If you do place an order and there is no car the color you want in store, you’d have to wait between two and four months before you can actually get your vehicle,’ Autoland Holding’s Advertising and Marketing Director Natalia Nagornova said to UrBC. 'However, not all of our customers are prepared to wait that long. We get reports of people selling their place in the waiting

A company named System Operator Ltd that manages Russia’s united power engineering network came up with a list of Russian regions that might be getting less power supply this coming winter. Vedomosti newspaper refers to Mikhail Shulga of System Operator Ltd, giving names of nine regions that might experience cutbacks. These are Moscow and Moscow Region, Saint Petersburg and Leningrad Region, Krasnodar Territory, Tyumen Region, Sverdlovsk Region, Perm Region, Chelyabinsk Region, Nizhniy Novgorod Region, and the Republic of Komi. All these areas were put on the list as early as April 2007 on

URSA-Bank was able to get a two-tranche syndicated loan that totals to $225 million. The Bank of Tokyo — Mitsubishi UFJ, Standard bank, Unicredit Group, and WestLB acted as the book runners and the leading coordinators of the transaction. The interest rate, as far as the first tranche is concerned, amounts to LIBOR plus 85, that on the second portion of the loans comes to LIBOR plus 125. The money thus obtained is meant for financing commercial contracts. ‘Given the unstable state of the global financial markets, this transaction is a proof of foreign investors’ trust and their confidence in

According to the Central Bank of Russia, volume of loans given by GRAN Bank to for-profit self-regulatory organizations for 31 to 90 days went down by 93.73% (from 112.98 million RUR to 7.88 million RUR) in January-July 2007.

Verkh-Isetskiy Court of Yekaterinburg is expected to proceed with the criminal case of Vyacheslav Borisov, head of Ural Investment and Construction Company Ltd., on August 21, 2007. Mr. Borisov is charged with large-scale fraud; he was detained in May 2007, after nearly a year of his hiding from the authorities. The first court hearing took place on June 28, 2007; the hearing was taken up by examining the first victim - one of the company’s co-investors. Then the proceedings were put off until August 21, 2007 because the judge was going on vacation. Earlier on, the trial had been put off due

SKB-Bank set up a new office in Cherkessk, the capital of Karachai-Cherkess. The bank’s press officer says the new office was designed to provide services to legal entities from 8.30 AM to 5.30 PM on weekdays. The office is located at 109 Mezhdunarodnaya St. This has become SKB-Bank’s southernmost representation, the press officer said to UrBC.

'It’s going to be very difficult for Maxi Group to break into the weldless pipe market, as it is saturated at the moment and the competition is quite fierce,’ a representative of Trubmetallkomplekt Ltd said to a UrBC reporter. 'There are three large weldless pipe makers in Sverdlovsk Region alone (one of them being Sinara Pipe Works), and plenty of intermediaries on top of that. This is why what Maxi Group wants to do is set prices that are lower than the current market ones. Otherwise their potential consumers simply won’t buy their produce, given that the quality of these goods is

According to the Central Bank of Russia, volume of loans given by Pervouralsk Joint Stock Commercial Bank to sole traders for 181 days to 1 year went down 78.7% (from 33.743 million RUR to 7.182 million RUR) in January-July 2007.

The regional division of Rostechnadzor (the state environmental, technological, and nuclear safety watchdog) inspected a number of hydraulic facilities at Malyshevskoye Rudoupravleniye, Nizhneserginskiy Hardware Plant, and VSMPO AVISMA Corporation on August 6-17, 2007. These inspections revealed 25 safety violations, Rostechnadzor’s local press officer reports. One problem is the absence of systematic control over the way the companies put away their effluents for safekeeping. The inspectors drew up two administrative offense reports, accusing certain authorities of failing to act

Central Bank of Russia reports volume of loans given by Gubernskiy Bank to state-owned for-profit organizations for 1 to 3 years went down by 29.1% (from 4.999 million RUR to 3.541 million RUR) in January-July 2007.

Ural Airlines operated its first restored scheduled flight from Yekaterinburg to Baku, the capital of Azerbaijan, on August 18, 2007. The carrier’s press officer says, referring to Conde Nast Traveler, that Baku is ‘one of the twenty places one should see before they lose their historic looks‘. Experts predict putting up more new buildings downtown is bound to fully exterminate the city’s unique architectural ensemble in about a couple of decades. The flight is performed every Saturday using a TU 154 M aircraft, with the plane taking off from Yekaterinburg at 2 AM and arriving in Baku at 4

According to the Central Bank of Russia, volume of loans given by Universal Bank Ltd to non-profit NGOs for 91 to 180 days went down by 57.1% (from 24.5 million RUR to 10.5 million RUR) in January-July 2007.

Governor of Sverdlovsk Region Eduard Rossel signed a decree on his own vacation that is expected to last from August 20, 2007 to September 7, 2007. Head of Sverdlovsk Region Government Viktor Koksharov is going to be acting Governor while Mr. Rossel is away.

UralBusinessConsulting Agency of Information and Analytics is now co-operating with Factiva, the global information system that is run by American Dow Jones. The agreement to this extent was signed on August 20, 2007. The online newswire produced by UralBusinessConsulting Agency of Information and Analytics (both the Russian and the English versions) are now going to be available to Factiva subscribers. Factiva is the world’s leading supplier of business news and information as well as the supplier of services needed to broadcast or otherwise spread these news. Factiva is available in 22

VSMPO AVISMA’s revenues went down by 5% and thus amounted to 14.127 billion RUR in January-June 2007 (compared with 14.918 billion RUR a year earlier), the company’s mid-year report states. Their gross profit dropped by .4 billion RUR and reached 5.9 billion RUR, their sales profit decreased by .547 billion RUR and thus came to 4.393 billion RUR. The corporation’s net profit decreased from 3.654 billion RUR in January-June 2006 to 2.688 billion RUR in January-July 2007.

RBC-Rating analysts did a research on Russia’s plastic card market in the first half of 2007, with data provided by 109 Russian banks. Five banks on the Top 25 card-issuing banks list are actually based in Sverdlovsk Region. SKB-Bank was rated 25th in the All-Russian ranking and 1st in the Mid-Urals one. The number of cards issued by the bank amounted to 350,640 by July 1, 2007. Central Bank of Russia reports 727 banks that deal in issuance and acquiring have been registered in Russia by July 2007; these figures cover 679 issuers and 646 acquirers. In the meantime, Moscow (including Moscow

According to the Central Bank of Russia, volume of loans given by Plato Bank to sole traders for 1 to 3 years went down by 61.4% (from 1.66 million RUR to 640,000 RUR) in January-July 2007.

Rospotrebnadzor (the state consumer rights watchdog) declared it was going to inspect companies that sell American toys with excessive content of lead. The issue has been brought about by Mattel being reported to have some metal in a shipment consisting of Barbie dolls and Sergeant cars, which is why the toy-maker announced it was going to withdraw 436,000 toys (including the magnet ones) that had been produced between January 2002 and January 2007. Rospotrebnadzor says there are no data on whether any of these toys have been imported to Russia. 'We do sell Mattel toys, but we haven’t

According to the Central Bank of Russia, volume of loans given by VUZ Bank to sole traders despite overdraft account went down by 58.9% (from 4.589 million RUR to 1.886 million RUR) in January-July 2007.