Prices for luxury apartments in Moscow are rising at a second-fastest pace in the world, Kommersant reports citing a survey by real estate agent Knight Frank.
According to the real estate consultancy’s report, which covered the first quarter of this year, out of 45 major global cities, only Berlin...
The modernization of an airport in the contested region of Crimea, which Russia annexed from Ukraine in 2014, is nearing completion, Izvestya reports. The revamped airfield can, if necessary, become a permanent base for strategic missile carriers and long-range bombers, the newspaper writes.
Belbek, located close to the Black City...
In what analysts see as a major advance for renewable energy in Russia, the country’s largest bank, Sberbank, has opened a $341 million dollar line of credit to build a 201 megawatt wind park in the Murmansk Region of the country’s Northwest, Renewables Now reports.
In 2008, the local government...
An influential Russian spiritual leader has announced his plans to build the world’s largest Orthodox Christian Church in the central part of the country, Znak.com reported Monday.
Once completed, the 25-story structure on the site of a women’s monastery in the Sverdlovsk region will reportedly hold up to 37,000 worshippers.
The mastermind...
Sergiev Posad, an important Orthodox Christian pilgrimage site near Russia’s capital and home of the Russian Church’s Moscow Patriarchate, is about to experience a momentous change with new Kremlin plans to create a “Russian Vatican” on the site, Vedomosti wrote last month.
Under the plan revealed by the business newspaper, Russian...
South Korea’s Hyundai Construction Equipment Co., an equipment producer under Hyundai Heavy Industries Group, said that it has clinched a $30 million order from Russia, Yonhap News reported last week.
The company will supply 300 units of construction equipment, including 260 excavators, to a Russian customer by the end of...
The Russian state nuclear energy corporation, Rosatom, held a workshop this week on for representatives of Saudi companies based in the west of the Gulf country, the Saudi Gazette reports.
The workshop was held at the Jeddah Chamber of Commerce Industry (JCCI) headquarters and under its support.
“The realization of an...
Russian companies have reportedly expressed interest in building the first nuclear power plant in Saudi Arabia, as the Gulf country is pushing ahead with its renewables and nuclear power projects to meet rapidly growing power demand.
According to Bloomberg, top Saudi officials said in Abu Dhabi that the contract for...
Russia announced on Tuesday that train movement across a Trans-Siberian railway bridge in the country's far east, which was destroyed by floods last week, has been fully restored.
The world's longest railway serves as a vital link in the Russian economy, transporting not only people but also goods such as oil, wood,...
The company that built the controversial Kerch Strait bridge in Russia-occupied Crimea, Stroigazmontazh, is also ready to build a bridge to link Russia’s Far eastern island of Sakhalin and mainland, RBK reports.
Billionaire Arkady Rotenberg, chairman of the company’s board of directors, was speaking about the subject in an interview with the...
