16:39 St. Petersburg Stock Exchange Will Serve Scandinavian Investors
The St. Petersburg Stock Exchange is the third largest in Russia, after the MICEX and RTS in Moscow.

16:14 Saint Petersburg Bank and Setl City launch construction of commercial development
Saint Petersburg Bank and the Setl City construction company have launched construction of a 150,000 square meter commercial development in central St. Petersburg, according to a press release from the bank.

13:24 GM Europe increases capacity investment in new St Petersburg assembly plant to $ 300 million
The Novosti news agency reported this morning that General Motors will invest $300 million in the new car assembly plant near St. Petersburg that it launched in June 2006.