Wednesday, December 11, 2019
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....
The construction of a 12km-long bypass, already dubbed Russia’s largest road project for the next five years, has been launched by authorities in Russia’s Volgograd Region, Aif.ru reports. “This project is one of the largest for the next five years I’m not talking merely about money, I’m...
The first flight, operated by Pobeda Airlines, has arrived this week at a newly-built airport in the Russian city of Saratov, which is named after legendary Russian cosmonaut Yuri Gagarin, RIA Novosti reported.  Built to replace Saratov Tsentralny Airport because expansion was impossible, Gagarin International Airport is the latest in...
In the first half of 2019, Russian steel giant Severstal shipped 2.9 million tons of metal products to Russian builders, 16% more than in the same time last year, the company said, according to Steel Guru. The steelmaker attributed the increase in supplies to the expansion of the geography of...
The new terminal currently in construction at Moscow's Domodedovo Airport will not be launched for at least another year, Vedomosti reported.  Authorities had planned to permanently open the T-2 terminal in time for the 2018 World Cup, but Russia’s Federal Agency for Air Transport, Rosaviatsiya, failed to build a second...
Local authorities in Moscow have announced that construction work can go ahead on the tallest residential building in Europe in the city’s International Business Centre, the 405 meters tall “One Tower”, the Moscow Times reported. The skyscraper, designed by world-renowned studio Sergey Skuratov Architects, was given planning permission in...
The level of investment into Russia’s real estate was up by almost a quarter (24%) year-on-year in the first half of 2019 to $1.6 billion, a report from JLL reveals, according to Interfax. Investment in the second quarter was 13% higher than in the same period a year earlier and...
The Russian government has spent more than 4 trillion rubles ($64 billion) on some 62,600 unfinished construction projects, the country’s Audit Chamber said, according to the Business Gazeta. The list of the uncompleted construction projects includes preschools, schools, university campuses, transport, and municipal infrastructure facilities among others, according to the...
Russian-born business executive Felix Sater will be interviewed by the U.S. House intelligence committee about his role in President Donald Trump's effort to build a skyscraper in Moscow during the presidential election, the Washington Post reports. The staff-led, closed-door interview is part of the committee's investigation into Russian interference in...