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1 September 2014, 11:06
Industrial team spirit
Industry development in the region has reached a deadlock. We do have professional staff in St. Petersburg, but there is not enough area for construction. In the Leningrad region there are a lot of sites, but the shortage of specialists is felt. Market participants believe that the two subordinate entities of the Federation must urgently join forces.
  • 11 December 2013, 18:37
    Private Zoo Planned for Local Shopping Center
    The Rio Shopping and Entertainment Center in the Frunzensky district is currently preparing a 2,600 square meter exotic animal park that is due to open in early 2014.
  • 5 December 2013, 18:48
    Russian Buyers Set To Drive Online Retail
    According to research from Jones Lang LaSalle released in November, Russia is ranked seventh in a new appraisal of predicted e-commerce sales growth.
  • 4 December 2013, 18:52
    Movie theaters face economic hardship
    On Nov. 25, the results of a tender for the building reconstruction, housing the Crystal Palace movie theater, were announced by the Committee for State Control, Utilization and Protection of Historical and Cultural Landmarks. The winning bidders are now required to submit their plans for restoration by Dec. 20.
  • 4 September 2013, 18:50
    Buyers See Value in Serviced Apartments
    Another benefit is the security of the agreement. You won't be told at any moment that you have to vacate the premises next month because an owner decides to sell an apartment. Also, the rent is often lower [in serviced apartments] than in the same residential apartments. The owner earns on the additional services," he said.
  • 31 July 2013, 18:37
    LOCAL BUSINESSES NONPLUSSED BY G20
    ST. PETERSBURG — With just over five weeks until the start of the G20 Leaders’ Summit in St. Petersburg on Sept. 5-6, only a few local businesses are making preparations, as most feel the event will not directly affect them.
  • 14 December 2012, 11:15
    Competition Increasing as Hotel Sector Continues to Develop
    During the last two years the development of the St. Petersburg hotel real estate market has advanced significantly, according to experts at consulting company Colliers International. Almost all hotels that were in the early stages of construction prior to the 2008 financial crisis have now entered the market.
  • 5 December 2012, 12:17
    New Malls Boost City's Retail Real Estate Sector
    Investments in the Russian commercial real estate market could reach $6.5 billion by the end of the year, according to data published by consulting company Knight Frank. Although that figure is less than that seen in 2011, experts note that the market's dynamic is positive in comparison with previous years.
  • 5 December 2012, 11:50
    H2 Sees Flurry in Office Sector
    The St. Petersburg office real estate sector has become more "civilized," according to analysts from consulting companies. The city is attracting more and more large international and Russian tenants who wish to have an office here.
  • 29 August 2012, 14:02
    Mezhdunarodny Mall Opens
    The Mezhdunarodny shopping center opened in the city's Frunzensky district Friday, continuing the trend of opening retail and entertainment complexes in the same buildings as new metro stations.
  • 22 June 2012, 11:34
    Experts Warn Hotels Against Dangerous Price Hikes
    The annual St. Petersburg International Economic Forum (SPIEF) brings with it a 20-percent increase in St. Petersburg hotel room rates. As a result, say analysts, the city loses tourists and gains the reputation of a city that is extremely expensive to visit.

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