The X5 Retail Group project to open passenger service centers with shops, cafes and pharmacies at the railway station paused.  For the year, no center has ever opened. X5 explains this problem with effective locations. Egor Levchenko, director of the retail real estate department at ILM, says that the refusal to open a passenger service centers may be related to the fact that rental rates at railway stations were unusually high for X5 Retail Group. “The main tenants of transport facilities are cellular shops, catering, banks, pharmacies. They pay rental rates significantly higher than grocery retail, by 25% or more, Levchenko said. “At the first stage of searching for points of this format, the X5 could simply not withstand the competition and abandon this idea.” Another reason Levchenko cites is that over the past year, X5 Retail Group competitors have weakened the focus on the development of the main retail formats. “There were a lot of internal structural changes among competitors — optimization at Dixie, change of owners in Magnit.  Against this news, for the leadership of X5 Retail Group, it was logical to develop its main areas, strengthen the business in relation to competitors, rather than experiment with new formats, ”Levchenko argues.  Read more at RBC: https://www.rbc.ru/business/19/10/2018/5bc88ec29a79471cb2bc9cdd?from=main

On October 18, a press conference on the development of Chinese national exhibition projects was held at the Russia Today press center. The main topics of the event were the upcoming exhibition of mechanical engineering and innovation from China and the international exhibition of high-quality consumer goods. At the press conference they also announced a new project - the Russian export platform. The press conference was attended by the first secretary of the Embassy of the People's Republic of China in the Russian Federation , Mr. Li Chaohui , deputy general director for scientific and educational work of the FSBI TsNIIP of the Ministry of Construction of Russia, Candidate of Technical Sciences, Associate Professor, Counselor of the Russian Academy of Architecture and Construction Sciences Vladimir Gutnikov , Vice President of Rasppa Timur Andreev , Ph.D., Director of the Center for Strategic Development, Chairman of the Committee for Project Finance of the Moscow Confederation of Industrialists and Entrepreneurs Ksenia Temnikova , Head of of the national exhibitions of the company Messe Frankfurt RUS Victoria Kharlamova , director of relations with government agencies of the company ALIBABA.COM (RU) Sergey Lebedev and ILM managing partner, Andrey Lukashev . A spokesman for the Chinese Embassy, ​​Mr. Li Chaohui , on behalf of the Chinese Embassy in the Russian Federation welcomed the organizers of national exhibitions. A spokesman reviewed the trade and economic cooperation between Russia and China, noting the high growth rates in trade turnover in 2017 (a 20% increase over the same period last year). Mr. Li Chaohui emphasized the importance of developing both major infrastructure and energy projects and cooperation at the regional level. Responding to a question about the needs of the Chinese market, the diplomat said that it was not uncommon for the Embassy to receive requests for agricultural products, in particular, flour and rice, however, according to Mr. Li, Russian exporters have the ability and potential to supply more complex products. Vladimir Gutnikov  noted that there is a great potential between the countries due to common traditions and the practical implementation of Chinese investments in Russia. The introduction of products and developments presented at the exhibition, in the opinion of the expert, together will contribute to the development of Russian production. For example, construction equipment and lifting mechanisms from China are widely used in high-rise construction in Russia and the CIS countries, they are tested by time and practice. “Electrical products from China have been tested in NOVATEK projects for the production of liquefied gas, which indicates prospects for the use of equipment from China in the future,” said Vladimir Gutnikov. Speaking about the upcoming exhibition of mechanical engineering and innovation from China,  Timur Andreev  noted that the number of participants has increased, indicating a growing interest of Chinese companies to Russia. According to the expert, this is due to the strengthening of Western sanctions against Russia, which limited the supply of engineering equipment to Russia. “In this regard, Chinese partners have additional opportunities to enter the Russian market, and the exhibition will allow acquainting Russian partners with engineering products from Chinese companies,” said Timur. Ksenia Temnikova  stressed the importance of modernizing enterprises and introducing advanced technologies into production. With regard to cooperation between the Russian and Chinese business, Ksenia noted the need to build business relations primarily on trust, which needs to be strengthened by establishing contacts and demonstrating the achievements of the capital and regional enterprises to each other. At a press conference,  Viktoria Kharlamova  announced that the Chinese Ministry of Commerce and Messe Frankfurt RUS are launching a new project, the Russian export site, which will debut on June 18, 2019 as part of the International Commodity Fair International Exhibition of Quality Consumer Goods. “Russian companies are actively interested in exporting goods to China, so we decided to create an import-export platform like the International Commodity Fair, which will help Russian companies enter the Chinese market with their products,” explained the head of the national exhibition area. Victoria announced that the project is aimed primarily at establishing and deepening business contacts between the regions of the two countries. Sergey Lebedev.  He also noted the great interest of Russian companies in the capacious Chinese market and spoke about the difficulties facing Russian exporters. It is important that the business occupies a certain niche, and the products were unique to China. The big problem is logistics and distance. You also need to spend significant resources on marketing and product promotion. “The quality of Russian products is generally known. It is necessary to tell and show the Chinese consumer how to use this product, ”noted Sergey Lebedev. There are many export development institutes in Russia that are designed to help enterprises enter the markets of foreign countries. For example, the Russian Export Center subsidizes logistics, and the Moscow Export Center provides support in online trading. Sergey also toldthat over the past few decades, the structure of exports to China has not changed and consists of 60% of energy resources, and expressed the hope that in the future this figure will change towards commodity exports. In this regard, the Russian export platform, according to the expert, is a relevant concept, which corresponds to the attitudes that the Russian government sets for companies. Sergey is sure that China is ready to accept Russian goods, as evidenced by the wide participation of Russian enterprises in the import exhibition, which will be held on November 5 in Shanghai. The speaker expressed the hope that next year at the International Commodity Fair the export potential of the Russian regions will be quite large, and the Chinese colleagues will show even greater interest in Russian products.and expressed the hope that in the future this figure will change towards commodity exports. In this regard, the Russian export platform, according to the expert, is a relevant concept, which corresponds to the attitudes that the Russian government sets for companies. Sergey is sure that China is ready to accept Russian goods, as evidenced by the wide participation of Russian enterprises in the import exhibition, which will be held on November 5 in Shanghai. The speaker expressed the hope that next year at the International Commodity Fair the export potential of the Russian regions will be quite large, and the Chinese colleagues will show even greater interest in Russian products.and expressed the hope that in the future this figure will change towards commodity exports. In this regard, the Russian export platform, according to the expert, is a relevant concept, which corresponds to the attitudes that the Russian government sets for companies. Sergey is sure that China is ready to accept Russian goods, as evidenced by the wide participation of Russian enterprises in the import exhibition, which will be held on November 5 in Shanghai. The speaker expressed the hope that next year at the International Commodity Fair the export potential of the Russian regions will be quite large, and the Chinese colleagues will show even greater interest in Russian products.which corresponds to the installations that the Russian government sets for companies. Sergey is sure that China is ready to accept Russian goods, as evidenced by the wide participation of Russian enterprises in the import exhibition, which will be held on November 5 in Shanghai. The speaker expressed the hope that next year at the International Commodity Fair the export potential of the Russian regions will be quite large, and the Chinese colleagues will show even greater interest in Russian products.which corresponds to the installations that the Russian government sets for companies. Sergey is sure that China is ready to accept Russian goods, as evidenced by the wide participation of Russian enterprises in the import exhibition, which will be held on November 5 in Shanghai. The speaker expressed the hope that next year at the International Commodity Fair the export potential of the Russian regions will be quite large, and the Chinese colleagues will show even greater interest in Russian products.that next year at the International Commodity Fair the export potential of the Russian regions will be quite large, and the Chinese colleagues will show even greater interest in Russian products.that next year at the International Commodity Fair the export potential of the Russian regions will be quite large, and the Chinese colleagues will show even greater interest in Russian products. Analyzing the development of investment cooperation between Russia and China,  Andrei Lukashev  said that the most sought-after industries for companies with Chinese participation include the mining, petrochemical and woodworking industries, as well as engineering. The analyst noted that many Chinese projects have long-term investment prospects and are not limited to a one-time investment. According to Skladium, Chinese funds and companies not only occupy the first place among foreign investors in the production of Russia (about 16.5 billion rubles or 6.6% of the total), but also achieved a tangible advantage over Western companies. Andrei noted that the Special Economic Zones and industrial parks of Primorye, Siberia, the Urals and the Volga region are economically attractive for the location of joint ventures. The press conference was covered by Russian and foreign media , including RIA Novosti, Sputnik International News Agency, Phoenix Channel (PRC), Forbes magazine, TV BRICS TV channel, Bolshaya Asia TV channel, Kurdistan 24 TV channel, the federal YouTube project “Steps in Business, “Promyshlenny Vestnik PV.RF” portal, “Exporters of Russia” magazine, “All-Russian Mining and Construction Digest” portal, “Oil and Gas Vertical” magazine and other industry and information partners of national exhibitions Messe Frankfurt RUS. Information on the concern Messe Frankfurt GmbH Messe Frankfurt is the world's largest organizer of exhibitions, congresses and events with its own exhibition center. With a staff of 2,400 employees in 30 offices around the world, the company's annual turnover is more than € 640 million. Thanks to extensive experience in the most significant sectors, as well as the work of sales partners, the company effectively works in the interests of its customers. The considerable range of services of the concern - during preparation and on the site - guarantees consumers high quality and wide opportunities in the framework of planning, organizing and conducting their events throughout the world. Messe Frankfurt RUS LLC is a Russian branch of an international exhibition concern. The company’s portfolio includes 9 international brands of exhibitions and forums held in Moscow, Kazan and Astana. The company employs more than 40 qualified employees who have experience in organizing events of different directions. www.messefrankfurt.com www.messefrankfurt.ru

FC Otkrytie Bank will become the owner of the Legion 1 business center, located on Bolshaya Ordynka Street in central Moscow. The bank was the only bidder for its sale, which was carried out in the framework of the bankruptcy case of Legion Development, and offered 9.9 billion rubles for the lot. (corresponds to the initial bidding price), follows from the documentation on the uTender electronic platform. The bidding was declared invalid due to the participation of only one bidder, but according to the bankruptcy law, if the bid of a single participant contains an offer on a price not lower than the initial sale price, the external manager concludes a sale and purchase agreement with this participant at the stated price. Now Otkrytie Holding is seeking to be included in the list of persons involved in the bankruptcy case of Legion Development, and believes that the company's assets are being sold at a lower price, according to a statement received by RBC. Participation in the case “would allow the company to take part in bankruptcy proceedings, market valuation of assets and their sale at market prices at auction,” noted Otkritie Holding. They believe that the fair value of the buildings put up for auction on Bolshaya Ordynka amounts to 22.5 billion rubles. Experts estimate the complex in the center of Moscow below this amount, but above the price for which Otkrytie FC plans to acquire it. According to ILM managing partner Andrei Lukashev, the market value of Legion Business Center on Ordynka today may be about 18 billion rubles, considering the cost of 1 square meter. m total area of ​​320-350 thousand rubles. Read more at RBC:  https://www.rbc.ru/finances/01/10/2018/5bb263a49a79472931ad0987