Bank Société Générale Vostok’s Yekaterinburg branch has been issuing increasingly fewer loans to businesses over the last two years. The total loan output, as far as large and medium enterprises are concerned, declined from 6.8bn RUR in 2008 down to 3.4bn RUR in 2010. The bank explains its main efforts were focused on bad debts, while the actual loan issuance process only began in the second half of 2010, after the annual report for 2009 had been published. ‘Last year was mainly the one of debt amortization. We had to set our problem assets straight. Some of our borrowers are still giving us

The arrival of a SkyExpress airplane to Koltsovo Airport of Yekaterinburg was called off today. Flight EX303 was supposed to have arrived from Moscow’s Vnukovo Airport at 8:30 PM today. The arrival was actually cancelled. No reason or explanation has been given on the airport’s interactive announcement board. This means the return flight EX304 (original departure time 9:45 PM) was called off as well.

A criminal suit might follow the recent tug crushing into Lufthansa-owned airplane in Perm airport, Ural public prosecution authorities for transportation report. While Airbus A321-200 was getting ready to take off in Perm’s Bolshoye Savino Airport on February 26, 2011, a tug crushed into it, damaging the metallic fixtures that attached the tug to the plane. There were forty-three passengers and seven crew members aboard the plane. An investigative team and Perm’s public prosecutor for transportation Sergey Zabelov inspected the scene of the accident shortly afterwards. It was revealed that