Russia's Ministry of Construction anticipates that the construction industry's steady growth will halt the steep rise in building material costs, as revealed by Irek Fayzullin, the department's chief, at the Innoprom International Industrial Exhibition, TASS reports.
The volumes in industrial and civil construction allow us to have a steady...
Precious metals miner Polymetal International said Wednesday it has been added to the MSCI Russia Index for the first time since it listed on the Moscow Exchange in June 2013, Morningstar reports.
The company, operating in Russia, Kazakhstan and Armenia, said the index measures the performance of large and mid-cap companies in...
Global aluminum demand rose by 6% to 64.2 million tons in 2017, Russian aluminum giant Rusal has announced. In the world excluding China, demand grew by 3.7% to 29.2 million tons, while Chinese demand increased by 7.8% to 34.9 million tons, the company said.
“Despite high aluminum prices there is...
A facility for shipbuilding and repair in Russia’s Arctic will be set up in the Murmansk Region by three affiliates of the state-run United Shipbuilding Corporation (USC), Russian Minister of Industry and Trade Denis Manturov told reporters on Friday, according to Izvestia.
"We have finalized the decision with USC and...
Russian Helicopters, a subsidiary of state-owned corporation Rostec, will cash in $120 million for the direct sale of 20 multi-purpose light Ansat aircraft to the Chinese Association of Emergency Medicine, the company told Kommersant.
The company is negotiating a deal for the supply of another 50 helicopters to state and...
Pakistan’s defense minister has said his country is deepening its relationships with Russia and China after the U.S. decided to suspend $2bn in military aid to Islamabad.
Khurram Dastgir Khan told the Financial Times that his government was engaged in a “regional recalibration of Pakistan’s foreign and security policy” that threatens...
Russia’s national postal operator Russian Post has approved its development strategy, which plans about 68 billion rubles ($1.1 billion) to be allocated for the upgrade of offices in 2020-2030, the company said this week, according to Finmarket.
"The approved development strategy of the Russian Post for the period of 2020-2030...
World renowned design studio Zaha Hadid Architects has been awarded another big project in Russia, this time in partnership with a local company, The Calvert Journal reports.
The two companies said they are aiming for a "people-centric" sustainable smart city.
Located to the west of Russia's capital city, the 460-hectare site will be turned...
A ruined palace once used by the Russian tsars can now be taken over and renovated by the country’s biggest oil company, state-run Rosneft, draft legislation provisionally backed on Tuesday by lawmakers reveals, according to Reuters.
The Ropsha Palace, 18th-century residence near St. Petersburg built by order of Peter the...
Dangers could be lurking around the corner for Russian steel makers despite them ramping up production and making the most of rising prices and demand in 2017, Reuters reports.
The country’s top two steel companies, NLMK and Evraz, reported this week their 2017 output is up by about 3 percent,...
