Krasnodar Expats: News about Krasnodar, Russia

August 12, 2008 (MarchmontCapital.com) - Krasnodar-based nut-processing company Orekhprom intends to rack up $8m in borrowed funds for construction of a storage and production complex in Maryanskaya village, Krasnodar Region, the company’s CEO Ruslan Achmiz said today.

August 7, 2008 (MarchmontCapital.com) - Krasnodar-based solar products manufacturer Solnechny Veter (Solar Wind) has announced $263m plans to build a plant to produce solar cells, modules and energy systems.

August 5, 2008 (MarchmontCapital.com) - State corporation Olympstroy engaged in construction of various facilities for the 2014 Winter Olympic Games in Sochi has announced a tender to choose investors for a luge and bobsleigh track near the village of Krasnaya Polyana, Sochi Region, the corporation’s site reports.

August 4, 2008 (MarchmontCapital.com) - State operator Russian Railways and stevedores will earmark around $15m to reconstruct the Eysk train station to augment the throughput capacity of a local port on the Azov Sea, company reports.

July 29, 2008 (MarchmontCapital.com) - State rail operator Russian Railways has announced $11bn plans to build a joint motor and rail highway linking Adler and Krasnaya Polyana in Krasnodar region.

July 28, 2008 (MarchmontCapital.com) - The regional government of Krasnodar has announced an open auction to be held on August 22nd to sell 75% of shares of football club Kuban.

July 25, 2008 (MarchmontCapital.com) - Juice producer Interagrosystemy plans to construct a new juice factory in the Krasnodar Region, the company has reported.

July 24, 2008 (MarchmontCapital.com) - Krasnodar-based Krayinvestbank plans to place at MICEX $25.6m worth of 600,000 first-series bonds ($43 per bond) on August 8, the bank has reported.

July 24, 2008 (MarchmontCapital.com) - Private entrepreneur Mashukov is to invest $16.7m of his own and borrowed funds in construction of a pig breeding company in the Republic of Adygeya not far from Krasnodar, regional officials report.

July 21, 2008 (MarchmontCapital.com) - Moscow-based developer Peresvet-Region has announced $130m plans to build a business center in Krasnodar's city center.

July 21, 2008 (MarchmontCapital.com) - A $65m spa resort is to be built on a 21-hectare site at the center of the town of Goryachy Klyuch, a Krasnodar regional official reported without disclosing the name of a project investor.

July 21, 2008 (MarchmontCapital.com) - US car manufacturer General Motors is considering construction of a car assembly factory to produce Opel- and Chevrolet-branded vehicles in the Dinsky district of the Krasnodar Region, regional authorities report.

July 18, 2008 (MarchmontCapital.com) - Krasnodar-based logistics company Development Logistic has invested $345m in construction its new ProLogica warehouse complex in Krasnodar, the firm said.

July 18, 2008 (MarchmontCapital.com) - Moscow-based fertilizer producer Eurokhim has announced a purchase of Krasnodar-based agricultural company Agrokhimik for an estimated $8m according to sources.

July 18, 2008 (MarchmontCapital.com) - Krasnodar-based fitness center chain Strike Fitness has announced plans to build a golf club in Krasnodar region.

July 17, 2008 (MarchmontCapital.com) - Moscow-based oil transporter Transnefteproduct plans to invest $775m in construction of a petroleum product pipeline from the Samara Region’s Syzran via Saratov and Volgograd to the Black Sea coast, Interfax reports.

July 16, 2008 (MarchmontCapital.com) - Novorossiysk-based cement-supplier Novoroscement has announced $397m plans to build a cement plant in Novorossiysk.

July 11, 2008 (MarchmontCapital.com) - Moscow-based developer Inteko is to invest $475m in construction of a new production line at Verkhnebakansk-based cement plant (Krasnodar region), the company has announced.

July 11, 2008 (ITAR-TASS.com) - During Thursday’s meeting with Deputy Governor of the Krasnodar Territory Tatyana Yevsikova, Austrian businessmen have offered to use their systems for the generation of artificial snow at the Sochi Olympic entities.

July 10, 2008 (MarchmontCapital.com) - Lyudmila Murycheva, CEO of Osnovnye Tekhnologii Eksperimentalnogo Stroitelstva, has announced plans to build a $42.7m leisure complex in Krasnodar.

July 10, 2008 (MarchmontCapital.com) - Moscow-based developer Kesko is planning to build a $200m hotel complex in Krasnodar, sources in the company report.

July 10, 2008 (RussiaToday.ru) - Russians have a saying, used to describe how rich a land is. It goes "plant a stick into the soil and watch it grow into a tree". Those words describe the Krasnodar region.

July 9, 2008 (ITAR-TASS.com) - Vladimir Afanasenkov assumed officially the post of Sochi mayor on Wednesday. He was sworn in at a solemn session of the City Assembly, which is Sochi’s local legislature.

July 9 (MarchmontCapital.com) - The Krasnodar region is allocating $8.5m to enable natural gas supply to residents of the Mostovsky District by 2011, the regional administration reports.

July 8, 2008 (MarchmontCapital.com) - Aleksander Benedik, CEO of Gostinitsa Leningrad, told reporters today that his firm will be investing millions to upgrade the Marines Park Hotel in Sochi.

July 8, 2008 (MarchmontCapital.com) - A new JV involving Moscow-based Avalon and British investor Raven Russia have announced plans to build a new $80m logistics center.

July 8, 2008 (MarchmontCapital.com) - Anatoly Goloshapov, Aviatsionnye Linii Kubani's financial director, has reported that the company will re-invest its 2007 profits of $11.4m rather than pay dividends.

July 7, 2008 (MarchmontCapital.com) - Moscow Capital Bank is to invest around $64m in public transport development in Krasnodar, the bank informs.

July 4, 2008 (MarchmontCapital.com) - The federal Support for Reforming Housing Utilities program is granting the Krasnodar Region for $61m to overhaul residential utilities in the region, region officials have reported.

July 3, 2008 (MarchmontCapital.com) - Construction of two tourist complexes worth a total of $400m is due to start this year in Adygeya, a republic not far from the Krasnodar Region’s city of Sochi, the regional officials have said.

July 2, 2008 (MarchmontCapital.com) - Krasnodar-based power supply company NESK has opted to reinvest over 90 percent of 2007 profits into development, news agency Interfax has reported.

July 1, 2008 (MarchmontCapital.com) - Hypermarket chain has Lenta has opened its new $27.7m store in Krasnodar, the first of two planned for the city.

June 30, 2008 (MarchmontCapital.com) - At least $11.5bn will be invested into a project to rebuild roads on a 622km stretch of the M4 Don motorway, Russia's Transport Ministry said today.

June 30, 2008 (MarchmontCapital.com) - Novorossiysk Commercial Sea Port (NCSP) has put into commission its new $82.6m terminal for transshipping grain and oil yielding crops

June 1, 2008 - Home appliances selling chain M.Video opened its hypermarket in the MEGA shopping and entertainment mall in Adigeya, with total investment amounting to $2.3m.

May 30, 2008 - IKEA opens its new $168m shopping mall in Tahktamukaysky, Adigeya Republic, after construction finished earlier this week.

May 28, 2008 - St Petersburg developer M-Industriya announces $467m plans to build a 300,000 square-meter A-class logistics park in Yuzhny, Krasnodar region.

May 28, 2008 - Moscow-based AFI Development has purchased four hotels in two cities in the Northern Caucuses for $70m, RIA Novosti reports.

May 26, 2008 - Russian Railways kicks off a program to overhaul its network in and around Sochi, amid predictions of a surge in rail freight in the run up to Sochi 2014.