Bonus payments to Rosneft’s Board of Directors surged 100-fold
Over the course of the first quarter of 2017, members of the Board of Rosneft, the Russian oil company, have received bonuses totaling almost 1,5 billion rubles (approximately $25,8 million), Vedomosti newspaper reports on Wednesday.
Gazprom built 700 km of Power of Siberia pipeline
Gazprom, a Russian gas holding, has already built 719 km of the linear part of the Power of Siberia pipeline, as it follows from the company’s message, Rambler News reports on Thursday.
French jewelry house Mauboussin enters Russian market
Mauboussin, a French jewelry house, will enter the Russian market with the opening of its flagship boutique on Nikolskaya Street, Moscow, according to JLL, the company acting as a consultant of the transaction.
Volkswagen to invest €9 billion in green technology
German carmaker Volkswagen will increase its investments in the development of vehicles using alternative fuels, and plans to become a leader in the field of production of electric vehicles by 2025, as it follows from a statement published on the manufacturer’s website.
Russia, Turkey negotiate price for supplies of S-400 missiles
Negotiations between the Russian Federation and Turkey over the supply of S-400 anti-aircraft missile systems are at the “mature” stage, but the countries need to settle issues connected with the price of the complexes, Reuters reports with the reference to Minister of Defense of Turkey, Fikri Ichika.
Tennis center for 40 courts to be built in Moscow
A tennis center designed for 40 courts will appear in the Moscow Luzhniki Olympic Stadium, a Deputy Mayor of Moscow for urban development policy and construction, Marat Khusnullin, told reporters.
Crimean railway to unload roads during Kerch Bridge construction
The Crimean Railway federal state unitary enterprise based in Simferopol has declared its readiness to reduce traffic volumes of the roads on the Peninsula during the construction of Tavrida federal highway and a bridge across the Kerch Strait.
Cambodia to build VIP prison with paid placement
The government of Cambodia will commission the building of a prison with improved incarceration conditions, for the placement in which inmates will have to pay money, Phnom Penh Post reports.
Putin gave crucial assignment to government on regional land
Russian President Vladimir Putin has instructed the government of the Russian Federation and the Housing Mortgage Finance Agency (AIZhK) of Russia to increase the involvement of municipal and regional lands in transferring to housing co-operatives.
$34m to be invested in Sheraton hotel building near Moscow airport
Rossiiskii Kapital, a Russian bank providing services to enterprises of construction, oil and energy industry, has opened a seven-year credit line to JSC SK Vnukovo in the amount of 2.1 billion rubles ($34 million) for the construction of a hotel complex in the area of the Moscow Vnukovo airport.
Russia’s trade balance surplus grew by 49% in 2017
In January – March 2017, trade balance surplus of the Russian Federation has increased by 49%, up to $39.9 billion, compared with the same period in 2016, as it follows from the documentation of Russia’s Federal Customs Service.
Lithuania to build fence on border with Russia this year
Construction of a fence on the border with the Kaliningrad region of the Russian Federation with a length of 45 km will cost Lithuania €1,335 million. As the country’s Border Protection Service reported, the corresponding contract had been signed with a building contractor.
H&M rented 5,000 sqm in Moscow’s famous Gallery Actor mall
H&M, an international fashion brand, has rented 5,000 square meters in Gallery Actor trade center located on Tverskaya street, in the center of Moscow, the press office of Cushman & Wakefield, which provides commercial management of the complex, said on Wednesday.
Housing construction with use of wood to be promoted in Moscow
Wood structures applied in housing construction will allow to achieve a 20% reduction in the cost of the projects, Deputy Minister of Industry and Trade of Russia, Viktor Evtukhov, said in an interview published on Wednesday in Izvestia.