Russia’s mortgage market is expected to grow by 19%
VTB, Russia's second-largest bank, predicts a 14.2% increase in the retail lending market, and a 19.3% increase in mortgages in the country this year, as it follows from a presentation made by the bank at a press conference on Tuesday.
Russian Railways built first kilometer of high-speed rail line in Serbia
RZD International, the Russian Railways engineering and construction company, has built the first kilometer of the new high-speed railway in Serbia, which connects the Serbian towns of Stara Pazova and Indjija, according to SeeNews, a news portal on South-Eastern Europe.
Russia may increase financing of Crimea’s development
The Russian Ministry of Economic Development has come up with a proposal to extend the implementation of the federal action program for the development of the Crimea and Sevastopol as well as to increase its funding.
What the deceased empire’s architecture is singing about
The Soviet architecture of the 1940s and 1950s, built in accordance with the classical canons, is back in fashion today. But here comes the paradox, it is popular again with an academician and architectural historian as well as with an ordinary passer-by. What is the appeal of the classics for today’s people? And why do we, after periods of the “hard” avant-garde, come back to it time and again? We have talked about all this with the architectural historian, the docent at Moscow State University of Civil Engineering (MSUCE), and the secretary-general of DOCOMOMO Russia, Nikolay Vasiliev.
20 technological clusters to be built in new Moscow
About two dozen potential sites for the construction of technological clusters are located within the area of new Moscow — the territories recently adjoined to the capital city of Russia.
How to enhance the credibility of construction cost estimates?
Today, the industry has faced the necessity to shift toward a new model for evaluating construction cost estimates. The implementation date has been determined — October 1, 2018. This innovation has become the subject of intense discussion by all market actors.