Friday, 17.08.2018
Russian steel producer Evraz declared a second interim dividend after a half-year where earnings and free cash flow surged, Finam.ru reports. The FTSE 100 group increased revenue 24.2% to $6.3 billion in the first six months of the year. Revenues were up 12% from Russia to $2.3 billion, 29% in...
Russia is unlikely to construct a new aircraft carrier in the next ten years, the scientific director of the Krylov State Scientific Research Center Valery Polovinkin has said, adding that this class of ship is unlikely to appear before 2030-2035. “The manufacturing capability of Russian plants make it possible...
China sees big economic opportunities in Syria and will be Russia’s main competitor for the upcoming reconstruction of the war-torn country, Alexei Maslov, Head of the School of Oriental Studies at the Higher School of Economics, told Nezavisimaya Gazeta. According to the expert, statements on Beijing’s willingness to step up...
After 30 years, a failed Soviet rocket project from the end of the 1980s might see new life, as Russia is planning a new super-heavy rocket based on the Energia from 1988, Popular Mechanics reports. According to the report, although a high-profile expensive project would invigorate the troubled industry, its...
Nanotechnology will be used in the reconstruction of Tyumen section of a federal road running from the city of Yekaterinburg, the region’s construction department said on Thursday, according to Construction.ru. The report says that for the first time, asphalt concrete will include bitumen additive DORSO, which has unique properties. In...
Russia’s biggest gateway, the Sheremetyevo International Airport has won the approval to reconstruct its northern Terminal C, thus reaching another development milestone. The engineering design of the new terminal complex received the green light from Russia’s state authority for the project’s supervision, Glavgosexpertiza, Russian Aviation Insider reports. Terminal C will process international...
Austria’s formwork company Doka GmbH, a branch of the Umdasch Group AG, will initiate construction of its first formwork plant in Russia’s Lipetsk Special Economic Zone, RIA news agency reported. According to the press secretary of the Lipetsk Economic Zone, Elena Syomina, full works on the plant should start by...
Construction of Egypt’s first nuclear power plant will begin in the next two to two-and-a-half years, the country’s officials said Sunday, according to Reuters. The 4,800 megawatt (MW) capacity plant at Daba’a in the north of the country, to be built by Russia’s state nuclear corporation Rosatom, aims to be...
At least 7.5 billion rubles ($118.6 million) was embezzled from funds allocated to the construction of the Zvezda (“Star”) shipyard in Russia’s Primorye region, a police investigation has revealed, according to Interfax. The probe into the theft has been underway since 2014, while the shipyard has been under construction since...
Russia’s gas giant Gazprom and its Nord Stream 2 partners have invested a total of 4.8 billion euro in the project on natural gas pipeline construction as of the end of June, Chief Financial Officer of Nord Stream 2 AG, the operator of the pipeline construction, Paul Corcoran told...