Iran ready to step up economic cooperation with Russia soon and deliver oil
MOSCOW, February 17, 7:42 /ITAR-TASS/. Iran is prepared soon to step up mutually beneficial and comprehensive economic cooperation with Russia which must have an advantage on the Iranian market, Mehdi Sanai, the Ambassador to Iran, told the newspaper Kommersant in an interview published on Monday.
"Negotiations are currently under way between our two countries on the conclusion of a Memorandum of Economic Cooperation. Such a document was already signed at the beginning of the 1990s. This time, this refers in point of fact to a renewal of it. We are holding talks on on a whole set of economic matters ranging from energy to banking. Accords have been already reached about the content and key parameters of such a memorandum. It remains to finalise details and technicalities which are being clarified," the Iranian Ambassador pointed out.
More cooperation with Iran the better. Iran has the potential for huge Russian investments and Russia has potential for high returns. Especially in the high tech field and energy sector. Iran needs energy investments as well as Russia needs to project their tech products outside of their border and past the CIS. Construction vehicles, Agriculture equipment, food export and telecommunications are all very important.
About 6 trln RUR to be assigned for territorial development of New Moscow
MOSCOW, February 14, (ITAR-TASS). About six trillion roubles, including investors' contributions, are to be assigned for the development of New (enlarged) Moscow territories in the coming 30 years, Marat Khusnullin, Moscow's Vice-Mayor for Urban Development Policy and Consstruction, told the newspaper Kommersant in an interview published on Friday.
"It is planned to build 100 million square metres of real estate in the New Moscow, and create one million jobs, with the population being 1.5 million-strong," Khusnullin said.
At the same time, the Vice-Mayor pointed out that "on a greater part of land in the New Moscow it is not planned to build anything". "The territory will remain a green zone," Khusnullin said.
6 Trillion Roubles sounds like a lot, but over a 30 year span, it really isn't in the realm of extreme. But why keep expanding Moscow? Why not expand and develop other key cities like Irkutsk, Vladivostok or Nizhny Novgorod?
Greek DEPA hopes for big discount on Russian gas
ATHENS, February 12. /ITAR-TASS/. Greek state-owned gas company DEPA and Russian Gazprom have reached a preliminary agreement on a lower price of gas supplies, but the Greek company now wants a bigger discount, its official who represents the interests of Gazprom in Athens said on condition of anonymity on Wednesday, February 12.
I don't blame them. I would seek cheaper gas too, seeing as how Greece is paying more than rest of EU which isn't quite fair.
Japan set to support LNG projects in Russia’s Far East
TOKYO, February 13. /ITAR-TASS/. Japan is set to expand its companies’ presence in liquefied natural gas projects on Russia’s Far Eastern island of Sakhalin and Vladivostok, a city in the Primorsky Territory, and to provide financial assistance to these projects, Minister of Economy, Trade and Industry Toshimitsu Motegi told a meeting of the budget commission of the parliament’s lower house on Thursday
I am always weary of Japan's politics. But as far as I am concerned, Japan's economic development seems to be controlled differently than their foreign politics.
Kalashnikov Concern predicts operating loss of $49 million
MOSCOW, February 07. /ITAR-TASS/. Kalashnikov Concern predicts an operating loss of 1.7 billion rubles ($49 million) as of the end of 2013, enterprise’s CEO Alexei Krivoruchko, said on Friday.
“It’s not a secret that Kalashnikov Concern is facing a crisis. The situation is very complex. We’ll work to reduce costs,” Krivoruchko said.
This comes as no surprise as both companies were facing some real hard times for a while and even after the merge, would not fix everything at first. Hopefully they can modernize production and start fixing their finances. I think the merge was the good start.