At the end of October a tender will be announced to select an investor for the development of the Arkhyz resort in Karachaevo-Cherkessia. So far three companies have expressed their interest in the project: Krasnaya Polyana, Sinara and AFK Sistema. Identification of the anchor investor who will be involved in further development of Arkhyz resort is to be com...

Agroholding Steppe has launched production of a line of eco-garnishes under its own brand. Range includes green buckwheat, chickpea, couscous, quinoa, bulgur, green and red lentils. First batches of products will soon be available on marketplaces and will appear on the shelves of federal retail chains. Agroholding sees great potential for growth in the healt...

Sistema's IFRS loss for six months of 2022 was ₽1.19 bln, versus a profit of ₽11.786 bln in the previous year. Revenues increased 22.8% to ₽427.76 billion versus ₽348.28 billion a year earlier.

Sitronics Group, part of Sistema, acquired more than 50% of the shares in Emperium, a Russian electric-propulsion shipbuilding company. Parties did not disclose the amount of the deal or the exact size of the shareholding. At the moment Emperium has built only six vessels, but it is ready to produce six types: high-speed catamaran Ecocruiser with a capacity...