Latest News Economics
Business |  Economics |  25.09.20

Issued Car Loans Number Significantly Decreased in August

According to 4,000 lenders who submit information to the National Bureau of Credit Histories (NBCH), in August 2020, the number of cars purchased on credit, both new and used, amounted to 86.5 thousand units. Compared to the same period last year, the number of car loans issued did not change.  However, compared to the previous

Business |  Economics |  24.09.20

Russia to Increase Budget-Funded Places in Universities in 2021

In 2021, there will be more budget-funded places in Russian universities, finanz.ru reports with reference to the President of the Russian Federation Vladimir Putin. In total, 60 per cent of Russian school graduates got the opportunity to receive higher education at the expense of the state.    According to Putin, the state will pay for another

Business |  Technology |  22.09.20

Roscosmos Approved New Rocket Creation by Private Company

In Russia, for the first time, a private company was allowed to develop a rocket commissioned by Roscosmos, according to the document published on the procurement website. It is planned to spend 407 million rubles on the preliminary design of the apparatus.  It is specified that the Amur two-stage medium-class missile will have a reusable

Business |  Trip Advisory |  22.09.20

Russian Banks Started Issue Wages by Phone Number

Several Russian banks have launched a salary transfer service through the Quick Payments System from legal entities to individuals by phone number, RBC reports. This option was connected to Russian Standard for its corporate clients and then Raiffeisenbank, Tinkoff Bank, Dom.RF Bank, and Vesta Bank are also decided to test the innovation.  It is specified

Business |  Economics |  21.09.20

Forbes Compiled Rating of Largest Landowners in Russia

The General Director of Yamal Airlines and Deputy of the Legislative Assembly of the Yamal-Nenets Autonomous Okrug, Vasily Kryuk, topped the rating of the largest landowners among Russian civil servants, Forbes reports.   It is specified that the total area of ​​195 land plots Kryuk declared exceeds 370 square kilometres. In addition, the deputy of the

Business |  Economics |  20.09.20

New Living Wage for Moscow Region Pensioners

For pensioners of the Moscow region, a minimum subsistence level was set for 2021, Moscow Region Today reports. For this, the law was adopted on the establishment of a living wage (10,107 rubles) which is 600 rubles more than the average one in Russia.  It is noted that the adopted law is aimed at supporting

Business |  Economics |  19.09.20

Statistics Experts Noted Real Wages Growth in Russia

The real accrued wages in July 2020 increased by 2.3 per cent in annual terms, according to the Federal Statistics Service (Rosstat). In January-July, the growth in annual terms amounted to 2.9 per cent.  Nominal wages in July 2020 increased by 5.7 per cent compared to July 2019. In January-July, the indicator increased by 5.8

Business |  Economics |  18.09.20

Top 200 Private Companies in Russia

The experts of the Forbes business rating call the economic results of 2019 stagnant growth. Russia’s GDP grew by 1.3%, the industry grew by 2.3%, construction by 0.6%, and retail trade grew by 6%. In 2018, the total ruble-denominated revenue of the participants in the rating of the largest private companies increased by 22.2%, a

Business |  Economics |  17.09.20

Russian International Reserves Increased to $591.8 Billion Over Week

The international reserves of the Russian Federation from September 4 to September 11 increased by 0.02 per cent and amounted to $591.8 billion, according to the data provided by the Central Bank of Russia, PRIME reports. As of September 4, this figure was $591.7 billion.   It is specified that the international (gold and foreign exchange)

Business |  Economics |  17.09.20

Microfinance Organizations’ Main Clients Named by Financial Experts

Most of the recipients of microloans in August in Russia are twenty-year-old citizens, PRIME reports with reference to the statistics from the National Bureau of Credit Histories (NBCH). Almost a third of microloans (31.4 per cent) in August were issued by Russians under 30 years old, an increase of 4.7 per cent compared to August

Business |  Economics |  16.09.20

Russian Bank Launches Transfers to Cards in More Than 100 Countries

The VTB Online banking system users have the opportunity to transfer money to more than 100 countries of the world to Visa, Mastercard, and UnionPay cards. The money is credited to the account instantly, the commission will be up to 1.5 per cent of the transfer amount, om1.ru reports.   It is noted that since the