Russia’s state-owned gas major Gazprom has ended the practice of awarding construction contracts to small businesses, which the company introduced almost two years ago, Interfax reports.
In 2017, the monopoly concluded a series of construction contracts worth around $236 million with three enterprises, in response to the government's demand to...
The Russian Federal State Statistics Service (Rosstat) has revised up its estimate for growth in the construction sector for the end of 2018 from zero to 5.3% y/y, in a move that raised eyebrows amongst Russian analysts, Intellinews reports.
Rosstat has already been under fire for the poor quality of...
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...
The construction of the Russian industrial zone in the area of Suez Canal has begun, Russian Foreign Minister Sergey Lavrov has announced, according to TASS news agency.
Trade between Russia and Egypt is increasing, currently exceeding $6.5 billion, Lavrov wrote in an article for Egypt's state-run Al-Ahram Daily newspaper, quoted...
Russian environmental organizations have protested Gazprom’s plans to build a gas pipeline to China in the Golden Mountains of Altai, a UNESCO World Heritage site, Kommersant reports.
The company’s works through the Ukok Plateau in Altai come following comments from Gazprom CEO Alexei Miller, who said last week that the...
The Russian Government has proposed that from 2019, the number of foreign workers employed in the construction sector will be limited to 80% of the total number of workers in an enterprise, the Kommersant business newspaper reports.
"There will be a reduction in the foreign labor force in the...
Moscow, Russia and Pakistan have signed a memorandum of understanding (MoU) on implementing a project to build an underwater gas pipeline from Iran to Pakistan and India, the Russian Energy Ministry said in a statement on Thursday, according to Neftegaz.ru.
"The memorandum provides for the identification of authorized organizations through...
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...
Officials in Moscow have approved a new 404 meter (1,325 feet) skyscraper in the Russian capital, which will become the city's tallest building, CNN reports.
The impresive superstructure, designed by Sergey Skuratov Architects will be a part of the Moscow City commercial district. The still unnamed structure will be...
Russia will build a large, modern naval base in the town of Kaspiisk in its Republic of Dagestan, the country’s Defense Minister Sergei Shoigu said, according to the Dagestan office of RIA news agency.
The defense minister said that Russian specialists already started the work to expand the bay in the...
