Saturday, April 4, 2020
The Amur Shipbuilding Plant in Russia’s Far East may receive the largest order for the construction of warships in its history, sources told Vedomosti. According to a top manager in the industry and a person close to the Russian Defense Ministry, the parties are discussing the terms of a contract...
The crisis years in Russia’s real estate sector seem to have ended, as investment surged in 2019, bne Intellinews writes citing a report by real estate group CBRE. The value of commercial real estate investment in the country increased by 34% to a total of 243 billion rubles ($3.8 billion)...
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...
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%...