Russia will build the tallest building in Europe. The One Tower project will be constructed on the territory of Moscow City, the Russian capital’s financial district, with apartments in the very centre of the business life of the capital, Albert Suniyev, the first deputy general director of Mosinzhproekt, said, Vedomosti reported.
The height of the planned building is 405m with 101 floors plus three underground floors, making it the tallest building in Europe. The future skyscraper will be 33m higher than the Federation Tower, which is currently the tallest building in Russia.
The building will be exclusively dedicated to residential use and will not have any commercial space, said Olga Shirokova, director of consulting and analytics at Knight Frank.
Turkish industrial production contracts for 10th straight month. Worst run since financial crisis. Government, meanwhile, continues to work the credit pumps. “Central bank playing with fire,” says one analyst.
Russia has kept is oil and gas production capped in keeping with the terms of the OPEC+ deal, but the production of LNG has soared in the last year, as the Kremlin hopes to turn gas into a commodity that can be sold anywhere.
The ECB assessed that PNB Banka was failing or likely to fail in accordance with the Single Resolution Mechanism Regulation.
Eastern expansion continues after Primark opened its first CEE store in Ljubljana in June.
Withdrawal reportedly caused by lack of government backing for country’s flagship infrastructure development. Analysts anticipate investment mothballing or arrival of Russian or Chinese stakeholders to replace Western partners.