Industry

Russian President Vladimir Putin intends to instruct the government to develop a National Program for the Development of the Far East until 2025. He said this at the plenary session of the IV Eastern economic forum.

The representative of the President of Russia in the far Eastern Federal district Yuri Trutnev said that China's investment in projects in the Far East is 7% of the total investment in the region.

During eight months of 2018, Russia produced about 473.785 billion cubic meters of gas, which is 5.6% more in annual terms. This became known on Sunday from the materials of FGBU "CDU TEK".

In the next few years, the company plans to increase its part in the Russian market to 10%

A joint venture of Rostec and Renault-Nissan Alliance Rostec Auto B. V. intends to increase its stake in "AVTOVAZ" up to 100% as a result of the offer and compulsory redemption of shares.  

The area of vineyards planting in the Crimea has almost tripled during last five years. The information was reported by the press service of the Ministry of agriculture with reference to its head Andrei Ryumshin.

In the second quarter of 2018, Crocs Corporation's profit fell by 44%. Crocs is a world-famous manufacturer of rubber shoes.

Scientific-technical center of "Gazprom oil" and "Inpractice" announced the competition for the best method of using artificial intelligence in oil production. This information reported the press service of the scientific and technical center.

Russian automobile company "KAMAZ" and Chinese motor Corporation Weichai Power plan to sign an agreement. It will happened within the framework of the Eastern Economic Forum.

The company PepsiCo, one of the world's largest manufacturers of soft drinks, will buy Israeli SodaStream for $3.2 billion. This information was reported in a press release PepsiCo on Monday.

The wholesale price of gasoline for the week increased by 7% for the first time since the end of May. The government took measures to stabilize them in May. This is due to the upcoming repairs of the refinery and a decrease in fuel production.

The growth of industrial production will increase  to 2.5% in annual terms by December, according to Thus forecast of Russian University of Economics  G. V. Plekhanov. 

Russia and Uzbekistan discuss  creation a joint enterprises for production of cotton yarn in the territory of the Republic of Uzbekistan, is spoken in the of Russian Tekstil’s message.

Iran's oil exports continued to decline in July. A full recovery of US sanctions against the country will be in November.