Business Watch
A skyscraper Gazprom Neft, a subsidiary of Gazprom, wants to construct in Saint Petersburg in the face of opposition is set to be built after a key state body approved the plan, reports said Saturday. The design by UK-based international architectural firm RMJM is a 396 metre high twisting, glass needle which echoes the spires across the city of St Petersburg. RMJM beat off five other internationally-renowned architects for the commission to develop proposals for the tower in the historic heart of the city, close to the Bolsheokhtinsky Bridge and Smolny Cathedral but the soaring design created an outcry and opposition even from UNESCO who threatened St. Petersburg's World Heritage site status.
For the first time since the beginning of the economic recession, cement production in Russia boasted a positive growth rate in H1 2010. During the first six months Russian cement plants produced 21.4 million tonnes of cement, 10.9% more than during the equivalent period of 2009 (19.35 million tonnes), according to the Rosstat data. However, the Russian cement industry has not yet reached the indicators witnessed before the recession. It is forecast that by the end of 2010 overall cement production in Russia will reach 49 million tonnes, a 10-15% year-on-year increase.
Cement prices in Russia have also increased slightly. At present, in August, one tonne of cement costs about RUB 3,000 -3,500 (€76-89), with the lowest price of RUB 2,500 (€63) was recorded in February-March 2010.
Motorists using a bridge in the southern Russian city of Volgograd were given the ride of a lifetime by a powerful gust of wind. The new river crossing started shaking violently and a massive downpour at the same time made conditions worse. Drivers say their cars were literally thrown into the air, many thinking it was an unexpected earthquake.



