Rostec weapons cluster to be expanded with 70 enterprises
According to a new strategy of Rostec, a Russian weapons cluster, the corporation will be expanded by means of the joining of Uralvagonzavod, approximately twenty state gunpowder companies, and nearly fifty companies of JSC Spetsremont.
EU urges to speed up Rail Baltic project implementation
The authorities of the European Union call viable the project for a high-speed railway construction, Rail Baltic, connecting the Baltic states with Central Europe, and promise to support it financially.
Great Wall starts cars production near Russian Tula in 2019
Great Wall Motor Corporation Ltd plans to start manufacturing cars at a plant located in the Tula region, Russia, in 2019, the press office of the regional government said with the reference to the head of the region, Alexey Dyumin.
Five European companies to fund Nord Stream 2
On Monday, Nord Stream 2 AG, an operator owned by Gazprom gas giant, signed an agreement on funding the Nord Stream 2 project with Engie, Austria's OMV, Royal Dutch Shell, Uniper and Wintershall companies.
€1 billion investment from Asia to be raises for Russia’s forestry
Russian Ministry of Natural Resources sees opportunities to attract more than €1 billion of Asian investment in the forestry sector, the Minister Sergei Donskoi said, speaking at a meeting dedicated to a progress achieved in 2016 and objectives set for 2017.
Over 8600 retail stores to be closed in USA, experts say
From the beginning of the year and until the 6th of April 2017, the closure of 2880 retail stores has been announced in the USA, what is twice more than it was in the same period of the previous year, the WSJ reports, citing estimates from Credit Suisse.
Ukraine stops energy supplies to its breakaway region Lugansk
On April 25, 2017, Lugansk Energy Association plans to terminate the supply of electricity to an uncontrolled by the federal government part of the Luhansk region, Liga.net reports with the reference to a statement made by the Association’s Director General, Vladimir Gritsai.
Largest shopping center in Vladivostok estimated at $62 million
Artayar company will invest 3.5 billion rubles ($62 million) in the construction of the largest shopping center in the Russian city of Vladivostok, the press office of the Far East Development Ministry of the Russian Federation reports on Monday.
Gazprom Neft to pay record dividends as of year-end 2016
The Board of Directors of JSC Gazprom Neft, the fourth largest oil producer in Russia, recommended shareholders at an annual meeting to approve dividends as of year-end 2016 in the amount of 50,64 billion rubles or 10.68 rubles per common share, the company’s statement reads.
Japan interested in Russia’s hydrocarbon projects, Minister says
Japan is interested in the participation in joint projects of hydrocarbons deep processing, the head of the Energy Ministry of Russia, Alexander Novak, announced on Friday following the talks with Japanese companies held over the course of his visit to Tokyo.