The US Navy has discontinued charity programs in Crimea, canceling the renovation of a public school and children’s hospital. Russian media and bloggers suspect the programs were meant to butter up locals for a possible US settlement there.
Patient capacity at British hospitals has dropped to the second-worst level in Europe, maintains an international report. The maximum occupancy rate was exceeded last year, and waiting for a bed seems to have become commonplace.
The economy of Crimea could expand by 6-7 percent annually through 2017, says Russia’s business advocate Boris Titov. Most of the growth is expected to come from tourism, agriculture and manufacturing.
The discovery of large hydrocarbon deposits in the Arctic has sparked international competition over resources in frozen waters. Regional powers are quickly filing claims for the sea shelf, with Russia preparing to bring in the biggest bid to the UN.
The underwater telecommunication cables between the Crimean peninsula and Russia bypassing Ukraine are almost ready for use. The multi-million dollar project will provide for safer communication as tension between Russia and Ukraine intensifies.
Heathrow Airport has earned a profit for the first time since it was taken over by a consortium led by a Spanish infrastructure group in 2006. However, it still plans to cut the jobs of one-fifth of its core personnel as part of a restructuring plan.
In its latest display of engineering ambition, China may build a 123 km underwater high-speed rail tunnel that is more than twice as long as any in existence today, though the project is loaded with financial and seismic risks.
China is developing its first national single mobile payment platform. It's been created to lift domestic information consumption and boost economic growth, and could replace cash, credit and debit cards.
Russia's state nuclear energy monopoly has delivered the last portion of uranium fuel made from Soviet nuclear warheads to the US. Rosatom is now looking forward to mutually profitable cooperation with America’s nuclear energy industry.
There is more to the Russian economy besides oil and mineral exports, Prime Minister Dmitry Medvedev said Tuesday. He also promised productivity will grow 50 percent in the next five years, which followed a severe bout of stagnation in industrial output.
Gazprom, Russia’s state-owned natural gas giant has broken ground on the €3.5 billion Bulgarian onshore section of the South Stream pipeline. Disputes between Moscow and Kiev are resurfacing and Russia wants to speedily complete the pipeline.