14:16 Turvatiimi's russian joint venture initiated operations in st. petersburg
Turvatiimi Oyj's Russian joint venture Turvatiimi-Baltika has initiated operations in St Petersburg. Currently the company has approximately 40 Russian and international corporate customers.

14:01 Knauf Invests $71M In Building Plant in Kolpino
German building materials maker Knauf will invest 60 million euros ($71.4 million) in the construction of a plasterboard plant in the south of St. Petersburg, the company said Monday.