A delegation of Russian oil major Lukoil’s executives met with the Cameroonian Minister of Water and Energy Gaston Eloundou Essomba this week, with both sides continuing the discussions over the reconstruction of the national refining company Sonara, Business in Cameroon reported.
The talks on the project started in October 2019...
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...
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...
Housing cooperatives, a remnant from the Soviet-era, could become a solution to Russia’s housing problem, Fontanka.ru writes.
In the years after the dissolution of the Soviet Union, housing cooperatives had fallen out of fashion and Russia’s governments put an emphasis on mortgages instead. In the second half of the 2000s,...
Officials from the governments in Baku and Moscow inaugurated a new bridge across the Samur River on Tuesday, hailing the advantages of faster and more convenient trade provided by the project, Azertag reported.
The cross-border trade between Azerbaijan and Russia has been challenged by a deteriorated highway bridge that linked...
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...
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%...
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...
An ongoing dispute between two Azerbaijan-born real estate tycoons could become a new source of contention in the up-and-down relations between Moscow and Berlin, the International Policy Digest writes.
German-based businessman Ilgar Hajiyev alleges that his former partner, Moscow-based billionaire God Nisanov, illegally seized hundreds of millions of dollars in...
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...
