IMF improves forecast on growth of Russia's economy in 2017
The International Monetary Fund has improved its forecast on growth of Russia’s economy in the period of 2017-2018, up to 1.4%, according to its April report titled “Prospects for the Global Economy” (World Economic Outlook).
$534 million allocated to Russian regions for road building
Funds in the amount of 30 billion rubles ($534 million), which have been allocated for the repair of region’s roads in 2017, should be quickly delivered to the municipal level, Russian Prime Minister Dmitry Medvedev said.
37,000-sqm mall to be built in southwest Moscow
A three-storey shopping center with a total area of 36,56 thousand square meters will be built in Moscow with the address at Leninsky Prospekt street, building 123, near the junction of the streets of Leninsky Prospect and Ostrovityanova, the Moscow Architecture Committee announced on Tuesday.
Pioneer Group invests $90m in St Petersburg hotel complex
Pioneer Group of Companies plans to invest 5,1 billion rubles ($90 million) in the construction of a mixed use hotel complex in St Petersburg, Russia’s second largest city and the country’s Capital of Culture.