The Bank of Russia will act to cool the country’s booming mortgage market, since it is worried about possible housing bubble, bne Intellinews reports.
The regulator issued a warning to banks saying that the growing number of loans could be causing real estate prices to rise, which causes a feedback loop...
House prices in Russia rose by 3.63% during 2019 to the third quarter of the year, a sharp improvement from last year’s 0.18% increase and the highest growth since Q4 2012, Global Property Guide reports.
During the latest quarter, nationwide house prices increased 1.69%. Moscow’s prices were up by 5.49%...
Cranes hover above the gleaming Neva River at St. Petersburg's historic Baltic Shipyard, where hundreds of workers are constructing four nuclear-powered icebreakers.
The massive warships, which are emblazoned with the Russian flag and named after the country's northern regions, are designed to maintain Moscow's control over the melting Arctic.
Russia has...
Enel, Italy’s largest energy concern, is negotiating with a number of Russian banks to raise financing for the construction of wind farms in the country, the company’s CEO Francesco Starace told TASS news agency at the St. Petersburg International Economic Forum on Sunday.
According to him, the company plans to conclude negotiations...
Norilsk has finished a reconstruction of the runway at its Alykel airport, the main air hub in the Krasnoyarsk Region, and the runway has served the first flights, according to Alexander Neradko, head of the Russian aviation authority Rosaviatsiya, Gornovosti reports.
"The runway’s reconstruction is over and the first...
The introduction of “low-cost” railway cars in Russia is not a bad idea, but Russian Railways’ plan to use old and dilapidated wagons cannot attract people to use the new class, experts told Realnoe Vremya.
A year ago, a subsidiary of Russian Railways', the Federal Passenger Company announced its intention to...
Russian steelmaker Severstal has announced the construction of wire mill 170 in the long-rolling production segment at Cherepovets Steel Mill, 35media.ru reported.
The total investment is expected to amount to approximately 11 billion rubles. The mill line will include a heating furnace, a hydraulic descaling unit, stands 3, 4, 5 and...
The number of requests for a residence permit (residence permit) from Russian "ultra-highnets" (investors with a wealth of more than $ 30 million) for the acquisition of commercial and residential real estate in Spain rose by 20% in September compared to 2019, Kommersant writes.
In its study, Knight Frank mentions...
A large casino zone will be opened in the Black Sea Crimea peninsula next year, according to the Moscow-appointed head of the region Russia annexed from Ukraine in 2014, Sergey Aksenov.
He said the project, which was first announced in 2014, has now been given the green light. The opening...
Works on a cutting-edge Lider-class destroyer for the Russian Navy may begin in 2020, Navy Deputy Commander-in-Chief for Armament Viktor Bursuk said on Wednesday, according to Zvezda TV.
"A preliminary design has been made. Following its results, we are now making the necessary decision and work on its technical...
