1.75bn RUR Allocated to Yekaterinburg’s Academic District

RENOVA Stroy Group is going to present its Academic Construction Project at Global City 2007, an international forum to be held in Lyon on May 14-16, 2007, the company's press officer reports. Global City is an international forum for business executives and members of city councils devoted to strategies, new methods and specific projects in the field of municipal improvement. The forum is a globally recognized place to present one’s large town planning projects and share one’s experience in dealing with construction challenges related to urban development. The agenda of the forum

Governor of Chelyabinsk Region Petr Sumin signed a provision on the region’s anti-crisis action plan. The spokesperson for the Governor reports the first part of the plan deals with measures targeted at supporting the economy’s real sector with nearly 2 billion RUR. This will include help to large, small, and medium enterprises as well as agriculture and light industry. To make sure they can keep a close eye on the situation and react promptly, the government created four working teams responsible for agriculture, construction and mortgages, large and medium enterprises and light industry,

Moscow, 11 August 2008 – UC RUSAL, the world’s largest aluminium and alumina producer, and RusHydro, the largest Russian renewable energy generating company, have announced the two-year results of their joint BEMO project, which includes the completion of the Boguchansky hydropower plant and the construction of a greenfield aluminium smelter in the Krasnoyarsk region. Since the beginning of the project, both companies have already invested over USD 1.8 billion, while it is expected to bring the total amount of expenditures by the end of 2008 to USD 2.6 bln. 65% of the investments were

The number of mortgages offered by Russian banks altogether in the first quarter of the year exceeded the figures for the first quarter of 2006 by 4% and reached 82.3 billion RUR. This comes to 32.9% of the target figures for 2007 (250 billion RUR). The average interest rate came to 14% for ruble loans and to 11% for foreign currency loans. The Central Bank of Russia reports Central Federal District’s share of mortgages amounted to 23.4 billion RUR, that of Siberian Federal District to 15.5 billion RUR, that of Volga Federal District to 15.1 billion RUR, that of Ural Federal District to 11.3

Russian Vice Premier Alexander Zhukov and Minister for Regional Development Dmitriy Kozak chaired a videoconference where acting Head of Sverdlovsk Region Government Anatoly Gredin made his report. The meeting was devoted to the strategic problems of large-scale housing construction in Russia. Alexander Zhukov said the days of sporadic housing construction were gone and insisted on switching to multi-faceted area development where housing construction was necessarily accompanied by the introduction of modern engineering and social infrastructures. In this connection, the issue of supporting