Wednesday, August 12, 2020
The concept of a new super heavy-lift launch vehicle is expected to be ready by mid-December, Head of Russia’s Roscosmos Scientific and Technical Council Yuri Koptev said in an interview with the Izvestya newspaper. "As of today, the closest benchmark is the middle of December 2018. By that time, we will...
Russia has allotted some $235 million to reconstruct airport infrastructure in its Far East region in the next two years, Asia Times reported. The move is aimed at stopping further depopulation in an area that accounts for more than a third of the country’s territory but just 5% of its...
An open international ideas contest for new standard apartment layouts across Russia has been launched by the country’s government, The UK Architects Journal reported. The competition is open to both emerging and experienced architects from around the world. The anonymous two-stage contest seeks proposals for a range of residential floorplans...
Officials in Moscow have approved a new 404 meter (1,325 feet) skyscraper in the Russian capital, which will become the city's tallest building, CNN reports. The impresive superstructure, designed by Sergey Skuratov Architects will be a part of the Moscow City commercial district. The still unnamed structure will be...
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...
South Korea’s Hyundai Construction Equipment Co., an equipment producer under Hyundai Heavy Industries Group, said that it has clinched a $30 million order from Russia, Yonhap News reported last week. The company will supply 300 units of construction equipment, including 260 excavators, to a Russian customer by the end of...
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...
Russia is able to complete the construction of Turkey's Akkuyu nuclear power plant even if it is unable to attract other investors, Russian Energy Minister Alexander Novak said, according to YeniSafak. "Already, $3 billion has been invested... If they won't find an investor, it means that the plant will be...
Due to an industrial production drop, Russia’s economy has experienced a sudden shrinkage in November, Reuters reports. The gross domestic product has decreased by 0.3 percent in November, the economy ministry said, contrasting with analysts’ consensus call for a 1.5 percent growth. Russia’s oil-dependent economy was on the mend in 2017 after...
Russia has lost the top spot among European countries in commissioning new areas in shopping centers, RIA news agency wrote citing a report by American commercial real estate services company Cushman & Wakefield. The report, titled: European Shopping Centres: The Development Story, provides an overview of shopping center stock levels and development activity...