Friday, May 16, 2025
Construction companies from Belarus are keen to take part in local government tenders for projects in Russia’s Nizhny Novgorod Region, SB.by writes. A delegation of Belarusian construction, design, engineering, and road construction companies led by Head of the Foreign Economic Activities Department of the Architecture and Construction Ministry Aleksei Shilo...
The Russian government has spent more than 4 trillion rubles ($64 billion) on some 62,600 unfinished construction projects, the country’s Audit Chamber said, according to the Business Gazeta. The list of the uncompleted construction projects includes preschools, schools, university campuses, transport, and municipal infrastructure facilities among others, according to the...
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...
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,...
Analysts at the consulting company Knight Frank St Petersburg have analyzed the market for glamping offerings as one of the newest segments of domestic tourism, the company said in a press release. There has always been a demand for out-of-town recreation, but glamping in the Leningrad Region received its active...
Russia’s metals company Norilsk Nickel (Nornickel) will undertake an ambitious project to finance 50% of a housing renovation project in its home city of Norilsk in the Krasnoyarsk Region, TASS reported. The program’s total cost is estimated at 85 billion rubles ($1.37 billion), the company’s Vice President Dmitry Pristanskov told...
Russian state-run railway operator Russian Railways has said it will significantly expand its freight business between Japan and Europe via the Trans-Siberian Railway, Nikkei reports. The company is targeting a 100-fold increase in the number of containers it carries annually across Asia to Europe to 300,000 twenty-foot equivalent units, from about...
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...
Security agents in Poland have arrested a government official on suspicion of providing Russia with secrets about tactics Warsaw planned to use to try to block the construction of the Nord Stream 2 gas pipeline, the Polish government said on Monday. Stanislaw Zaryn, spokesman for the minister responsible for the...
A port in Russia's Far East could be developed by South Korea in order to help local companies take advantage of its strategic location, the country’s Oceans Ministry said on Monday, according to Yonhap News. The Ministry of Oceans and Fisheries said it will carry out the feasibility study until...