Saturday, January 25, 2020
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...
In a bid to develop transport links in the remote Yakutia region, Russia plans to build a $1.3 billion bridge across the Lena River, Kommersant reports. The project, set to be finished in 2025, has been approved by Russian President Vladimir Putin, the business newspaper wrote on Monday. The Russian leader...
Russian engineering company Mosinzhproekt and the China Railway Construction Corporation (CRCC) plan to set up a joint venture for the construction of subways around the world, Moscow Deputy Mayor Marat Khusnullin has said, according to Interfax. He said that several agreements have already been sealed with Chinese partners, particularly on the implementation of...
Billionaire Arkady Rotenberg has sold his construction firm Stroygazmontazh, a spokeswoman said on Thursday, according to Reuters. Both Stroygazmontazh and Rotenberg, who is President Vladimir Putin's former judo sparring partner, have been under U.S. sanctions since 2014. Rotenberg was among the Russian officials and business executives blacklisted in the aftermath...
A division of Russia’s high-end S-400 missile defense system will take part in a military drill in Serbia, Reuters reported citing a statement from the Russian Defense Ministry. According to the news agency, the move underlines Moscow’s wish to keep a traditional ally on side even as Belgrade pursues links with...