Tuesday, 23.04.2019
Russia’s Kalashnikov Concern, owned by state-run tech corporation Rostec, has completed the acquisition of shipbuilding assets, gaining a full set of competencies to enter the industry, the company’s CEO Vladimir Dmitriev told TASS news agency in an interview on Wednesday. "We are not planning to expand this business and...
A Russian company is planning to build the country’s first private spaceport for suborbital flights, Moscow-based daily newspaper Izvestya reports. The project’s price tag is expected to reach $40 million. The facility could be constructed on the territory of the Nizhny Novgorod Region or in Tatarstan, according to the report.  One...
A ruined palace once used by the Russian tsars can now be taken over and renovated by the country’s biggest oil company, state-run Rosneft, draft legislation provisionally backed on Tuesday by lawmakers reveals, according to Reuters. The Ropsha Palace, 18th-century residence near St. Petersburg built by order of Peter the...
Turkish construction companies have expressed interest in transport projects in Russia which are part of the Comprehensive Plan for upgrade and expansion of the Russian mainline infrastructure by 2024, transport minister Yevgeny Ditrikh said on Friday at the Russian Investment Forum in Sochi. "Our preliminary negotiations with Turkish companies highlighted...
Valentina Matvienko, the speaker of the upper house of Russia’s Parliament, the Federation Council, has proposed imposing a temporary embargo on lumber exports from Russia, a move aimed at “putting the industry in order,” Izvestya reported. "Until we just figure it out, will we not take government measures, maybe...
One of Russia’s biggest steel producers, Severstal, is teaming up with Italian steel pipe maker Tenaris SA to make steel pipes in the heart of Russia’s oil and gas sector in Siberia, the two companies said on Tuesday, according to Vedomosti. The companies are creating a joint venture which will build...
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...