$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.
Kaluga branch of Gazprom fined for violation of antitrust law
Two courts agreed with the decision of the Kaluga regional department of Russian Federal Anti-Monopoly Service on bringing to administrative responsibility of JSC Gazprom Gazoraspredeleniye Obninsk, incorporated in PJSC Gazprom, the agency’s press office reports on Monday.
Experts unveil their forecast for Russian cement market
Demand for cement in Russia with a positive development of the situation in 2017 could grow by 3% compared to 2016, up to 57 million tons, as it follows from an overview of Soyuzcement, the cement manufacturers union, Interfax news agency reports on April 17.
Russian and Saudi funds launch joint projects for $3 billion
Until the end of 2017, the Russian Direct Investment Fund (RDIF) and the Sovereign Fund of Saudi Arabia will launch joint projects for the amount of $ 3 billion, the speaker of the Federation Council Valentina Matviyenko announced.
Saudi Arabia develops energy projects to reduce oil consumption
Saudi Arabia intends to develop 30 projects in the field of solar and wind energy to increase electricity production and reduce consumption of oil, said Minister of Energy, Industry and Mineral Resources of the country, Khalid al-Falih at a conference in Riyadh.
Latvia detects Russian submarines near its borders
National armed forces of Latvia announced that it had detected Russian submarines and a ship near its borders, as it follows from a message posted on the official page of the Latvian army in Twitter.
Tender to be held for improvement of two streets in central Moscow
In the near future, the authorities of Moscow will hold a tender for the selection of contractors, which will be involved in improvement of 18 areas in Moscow under “My Street” program, including the city’s central streets of Tverskaya and Volkhonka.