Friday, September 18, 2020
Russia’s construction sector may face around 10% of financial losses amid the current epidemiological situation, Deputy Prime Minister Marat Khusnullin said in an interview with Pavel Zarubin on Rossiya-24 TV channel. "It will only be possible to estimate the losses of each region the results of the year. With the...
The crash of the ruble last month has led many Russians to buy real estate in a bid to protect their money, and a 31% rise in apartment sales in Moscow was observed last month, Reuters reported citing the country’s cadastre office.   A total of 14,801 sales of already built...
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...
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...
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,...
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...
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...
As part of a broader bid to enter third nations' markets, Russia's major industrial enterprises could localize production in Syria within three years, Industry and Trade Minister Denis Manturov said on Monday, according to RIA Novosti. Russian industrial enterprises are already working in Syria in such spheres as civil construction,...
Russia’s Ministry of Transport expects to build a highway linking Moscow with the southern city of Kazan by 2027, three years after its original planned completion date, Vedomosti reported citing sources. In September, Finance Minister Anton Siluanov authorized the Transport Ministry to start building two sections of the Moscow-Kazan highway....