Austrian authorities suspect Airbus CEO of $2-billion fraud
The Prosecutor's Office of Vienna is conducting an investigation against Chief Executive Officer of Airbus, Tom Enders, who is suspected of fraud with a contract for the purchase of Eurofighter jets intended for the Austrian army in the amount of $2 billion, according to Reuters.
Kamchatka’s priority development area to draw over $230m in investment
The extension of the regime of priority development territories in four municipalities of the Kamchatka Peninsula will allow to implement investment projects totaling over 13 billion rubles ($230 million), the Governor of the Kamchatka region, Vladimir Ilyukhin, announced.
Russian TVEL to supply fuel to Chinese companies for $1bn
The Chinese Nuclear Energy Industry Corporation (CNEIC) and Jiangsu Nuclear Power Corporation (JNPC) signed a contract for the supply of Russian nuclear fuel, zirconium components for fuel assemblies, as well as for the provision of engineering services for power units at Tianwan nuclear power station.
USA might start to export coal to Ukraine
Executive Director of Naftogaz of Ukraine, Andrey Kobolev, and the Energy Minister of the USA, Rick Perry, discussed the possible supply of coal to Ukraine, the press office of Naftogaz reports on Wednesday.
Gazprom plans to increase gas reserves by 469,9 bcm
In 2017, Gazprom, a Russian gas giant, plans to increase its gas reserves by 469,9 billion cubic meters, the company’s CEO Vitaly Markelov said in an interview with Gazprom’s corporate magazine.
Construction of Eugal gas pipeline to begin next year
Construction of Eugal gas pipeline, which will receive gas from Nord Stream 2 in Germany, will be launched at the end of the II quarter of 2018, a member of the Board of Wintershall, Thilo Wieland told Gazprom’s corporate magazine.
Housing in Russia to become more expensive by 10-20%
Prices of housing in Russia will increase. Ahead of the summer season, an average residential square footage will grow by 10-20%. Oleg Sukhov, a real estate expert, told Vladtime, about what affected the cost of housing and how to avoid growth of prices for housing in Moscow.
South Africa’s court cancels deal with Russia on NPP building
The High Court of the Western Cape province in South Africa ruled that an agreement of the year 2014 between the Energy Ministry and Rosatom, a Russian state nuclear energy corporation, for the construction of eight nuclear reactors in South Africa was “illegal and must be cancelled”.
New entity for Islamic banking to be set up in Tatarstan
A new autonomous entity for partner banking based on the canons of Sharia jhas been created in Kazan, the capital city of the Russian Republic of Tatarstan, the head of the Agency of Investment Development of Tatarstan, Taliya Minullina, told TASS news agency.
Canada pledges to protect its domestic producers
The Prime Minister of Canada, Justin Trudeau, said in a telephone conversation with U.S. President Donald Trump that he considered ungrounded the export duties on timber and will protect local manufacturers, as it follows from the official statement.
Russian escalator market might become world’s largest
The Russian market of lifting equipment may be among the largest ones in the world due to regional systems of major repairs and a project for expedited replacement of elevators, as it follows from a report of the Construction Ministry of the Russian Federation.
Chinese develop transport projects in Russian region of Leningrad
The government of the Leningrad region, Russia, and investors from China are going to commence soon the detailed design of projects for light rail transit (LRT) and the construction of transport hub in Devyatkino, the press office of the regional administration reports on Wednesday.
Sales of new buildings in USA see 6% growth
In March, the volume of sales of new buildings in the USA has increased by 5.8% compared to the previous month — up to 621,000 homes at an annual rate adjusted for seasonal factors, according to the U.S. Ministry of Commerce.