News


Austria Trend Hotels extend franchise cooperation with Radisson Blu

The Austria Trend Hotels, Austria’s largest hotel group, is entering into a franchise partnership with Radisson Blu, Europe’s largest upper-upscale hotel brand, for another one of its top hotels. VIYM, a private equity firm with extensive expertise in the hospitality industry, assisted Austria Trend on the deal.

Currently operating under the name of Austria Trend Hotel Park Royal Palace Vienna, the well-known superior 4-star hotel close to Schönbrunn Palace and Vienna’s Technical Museum will become a Radisson Blu franchise from January 2018. The Austria Trend Hotels have already had a successful cooperation with the Radisson Blu Hotel Altstadt in Salzburg since 2001.

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NPO Akhtuba launches new production line with state support / Volgograd-TRV

At a recent press conference, Russian President Vladimir Putin touched upon the development of the non-financial sector of the economy. It was announced that the country’s industrial production had grown and now exceeds 1.5%. In today’s world the groundwork for development is also created by local companies. A research and development facility, based in the Sredneakhtubinsky district, is preparing to launch a new production line. It will enable the manufacturer to develop new product lines. The project was made possible thanks to state support, as the company received a soft loan from the Industry Development Fund.

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The Russian Supreme Court allows conservation professionals to reimburse VAT

The Russian Supreme Court’s Chamber for Commercial Disputes issued a ruling in the case brought by Novaya Gollandiya LLC and Nikolskie Riady JSC against St. Petersburg’s Tax Inspectorate No. 7, allowing the companies, involved in conservation and restoration work, to receive VAT reimbursements.

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GNC opens first St. Petersburg store

Rusvit, one of Russia’s largest distributors of high-quality vitamins and minerals, sports nutrition and other dietary supplements, and also the exclusive holder of a franchise of the US firm GNC Holdings in Russia, is opening its first GNC-brand store at Galeria shopping and entertainment centre in St. Petersburg.

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