PRESS DIGEST - RUSSIA - Oct 4
MOSCOW, Oct 4 (Reuters) - The following are some stories in Russia's newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.
VEDOMOSTI
www.vedomosti.ru
- Saudi Arabia´s sovereign wealth fund Public Investment Fund (PIF) is planning to co-invest in building the Kutuzovsky toll road in Moscow, the daily reports, citing sources.
- Companies in Russia will be able to receive a 100 percent discount on profit tax if they modernise their manufacturing facilities, according to a draft bill submitted to the lower house of parliament, the daily reports.
- Russia's Alpha Group plans to create a digital bank. The bank will operate under a separate license and will not belong to Alfa Bank, the newspaper writes, citing sources.
- According to Renaissance Capital analysts, Rosneft's oil production will grow by a quarter in the next five years.
KOMMERSANT
www.kommersant.ru
- Russia's largest food retailer X5 Retail Group plans to sell about half of its outlets, while retaining the right to lease them back itself, the newspaper reports, citing a source.
($1 = 57.9375 rub) (Reporting by Margarita Popova; Editing by Andrew Osborn)
