15:19 City Accommodates 5-Star Kempinski
St. Petersburg welcomed yet another luxury brand Wednesday as international operator Kempinski officially opened its new 5-star hotel. The centrally located hotel, situated on Moika 22, offers 23 suites and 174 rooms.

14:49 Foster Partnership Wins St. Petersburg Development Contract
The St. Petersburg city government chose Foster & Partners, the U.K. architectural firm headed by Norman Foster, to reconstruct New Holland Island, an abandoned czarist-era navy complex.

14:34 St. Petersburg offers Norway chance to join economic zone
The governor of St. Petersburg said Thursday she hoped that Norwegian companies would become residents of a special area set up in Russia's second largest city providing tax breaks and other privileges for work on technological and innovation projects.