Tuesday, 19.02.2019
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 multifunctional elite complex in the Russian capital Moscow, which is being built by local developer Capital Group, will set the highest price for residential property in Moscow and the whole of Russia, according to sources close to billionaire Vladislav Doronin, co-owner of Capital Group. The new complex, expected to...
Russian Helicopters, a subsidiary of state-owned corporation Rostec, will cash in $120 million for the direct sale of 20 multi-purpose light Ansat aircraft to the Chinese Association of Emergency Medicine, the company told Kommersant. The company is negotiating a deal for the supply of another 50 helicopters to state and...
World renowned design studio Zaha Hadid Architects has been awarded another big project in Russia, this time in partnership with a local company, The Calvert Journal reports. The two companies said they are aiming for a "people-centric" sustainable smart city. Located to the west of Russia's capital city, the 460-hectare site will be turned...
Precious metals miner Polymetal International said Wednesday it has been added to the MSCI Russia Index for the first time since it listed on the Moscow Exchange in June 2013, Morningstar reports. The company, operating in Russia, Kazakhstan and Armenia, said the index measures the performance of large and mid-cap companies in...
The construction of a new power unit at the Tianwan Nuclear Power Plant (NPP) in China will begin in 2021, according to Russia’s state nuclear corporation Rosatom. It is the biggest joint NPP project between the two nations. “Together with the Chinese partners, we have already built four power units at...
Construction of the 462-meter Lakhta Center skyscraper in St. Petersburg officially came to a close last week when city authorities announced that they had included the building into Russia’s property register, six years after the start of construction, Sankt Petersburg TV reported. Located in the northern part of Russia’s second-largest city,...
The Russian government is mulling the continuation of a massive old infrastructure project – the country’s northernmost railway line Bovanenkovo – Sabetta, in the Arctic circle, Vedomosti reports. According to the report, state-run Russian energy giant Gazprom will work with Russian Railways on the construction of the railroad which will run to the...
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...