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Nord Stream 2 management company to launch bankruptcy proceedings

... cooperating with a financial advisor on a number of its obligations and may initiate a bankruptcy case in a Swiss court as early as this week. Nord Stream 2 AG was created by Gazprom to implement a project to double the capacity for pumping gas from Russia to Germany. The cost of the project, which is currently almost completed, amounted to $11 billion. The pipeline with a length of over 1,000 kilometers has been completed and, in order to start operation, it needed to complete the certification ...

BMW production suspended in Kaliningrad

BMW Group made a decision to suspend deliveries to Russia and stop the work of local production facilities operating in Kaliningrad. The actions were taken against the background of the aggravation of the situation between Russia and Ukraine. The auto holding said that further decisions would be made ...

Information about explosions on the territory of Ukraine appears in media

... beginning of powerful attacks on the territory of Donbass has been published as well. The mayor of the Ukrainian city of Boryspil went live from his Facebook page and said that, according to his assumption, the Ukrainian military repulsed the attack of Russian drones, that was why the explosions were heard. The mayor assured that the security forces were doing their job, and citizens had no need to hide in bomb shelters, but they may face cyber attacks and disconnection of communications. At the same ...

Biden and Putin to participate in European security summit

Emmanuel Macron invited the United States and Russia to hold a summit on security issues in Europe. The idea of the initiative is to organize a joint meeting of the American and Russian leaders, and then a summit with the participation of the French president. It is known that Joe Biden and Vladimir ...

Experts summed up the results of bankruptcies that took place in 2021

2021 showed a significant increase in insolvency cases of citizens and a relatively small increase among legal entities. In numbers, this is a threefold increase in the number of procedures compared to 2019 for individuals, while companies became more likely to go bankrupt by only 4%. However, experts predict further growth of this indicator. The high growth of insolvency cases of citizens is explained by the increase in the credit burden and the increasing spread of out-of-court bankruptcy procedures...

Takeaway Coffee Shops Show The best Revenue This Year

Experts estimate that a quarter of all newly opened businesses in Russia are in the retail sector. At the same time, the maximum profit of small businesses was registered among the coffee shops that sell takeaway drinks. This is the conclusion reached by analysts from the Business Environment and Evotor agencies....

Free vaccination and restrictions on loans: what changes will come into effect in October

From the beginning of October, the residents of Russia will face several important changes, concerning different spheres of life. More details about each of them are here in our monthly selection. Free vaccination in private health care facilities This summer, Vladimir Putin signed a law providing ...

Finland will resume the issue of tourist visas from October 1

Finland intends to resume issuing visas to tourists from Russia from October 1. However, documents will be issued without a guarantee of entry and the applicants will have to sign a corresponding notification. It says that a person understands that he (she) must make sure of the possibility of entry himself,...

Crimean Antalya: Sergey Aksenov announced the construction of a new city on the peninsula

... after 2014, when Ukraine closed the North Crimean Canal, which supplied fresh water from the Dnieper. By means of the canal, the republic was provided with water for 85%. After it had been closed, the peninsula faced a serious shortage of fresh water - Russia made attempts to change the situation and even filed a complaint against the Ukraine with the European Court of Human Rights, but failed. At the moment, the Russian government is allocating funds for drilling wells and building new water pipelines ...

No women and no opposition: Taliban announced a new government

Three weeks after the seizure of power in Afghanistan, the Taliban movement announced a list of government members. The Taliban militants are almost fully represented in it (the organization is prohibited in the Russian Federation). The leader is one of the movement’s founders. Contrary to expectations and in violation of the agreement achieved with the United States, the government has not become a coalition government, despite the fact that it was the main ...

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