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Business |  Economics |  13.07.20

Russians to Receive Financial Compensation for Remote Work

Russians will be given the opportunity to get back money spent on remote work during the coronavirus pandemic. This initiative was supported by the Russian Ministry of Labour and Social Protection, Izvestia reported.  It is noted that compensation will be provided for the expenses associated with the use of personal equipment by an employee. However,

Business |  Economics |  08.07.20

Experts Found Out Who Take Microloans in Russia

Almost half of Russians who took microloans have never been married, and family people make up 37% of the total number of borrowers, RIA News reports with reference to a study conducted by the financial online platform Webbankir. The company analysed more than 100,000 loans and also found out that 13% of MFI borrowers are

Business |  Economics |  08.07.20

Wedding Dresses Sales in Russia Sharply Increased

The sales figures for wedding dresses in Russian stores increased significantly after lifting the restrictive measures introduced due to the coronavirus pandemic, RIA News reported with reference to the data provided by the fiscal data operator “OFD Platform”.   According to the experts, in June the sales of wedding dresses increased by 234 per cent compared

Visit |  Trip Advisory |  08.07.20

Russian Experts Reveal Money Transfer Secrets

The Bank of Russia has launched a quick payment system more than a year ago. With its help it is possible to transfer up to 100,000 rubles a month free of charge, knowing only the telephone number of a recipient. All the largest banks of the country are already connected to it, RIA News reported. 

Business |  Economics |  07.07.20

Moscow Authorities to Support Companies Selling Excisable Goods

Moscow companies of small and medium-sized businesses, which are considered to be affected by the coronavirus pandemic and sell excisable goods, will be able to issue subsidies. The specialists of the Department of Entrepreneurship and Innovative Development of Moscow conduct consultations on the preparation of the necessary documents, the official government website reports.  It is

Business |  Economics |  06.07.20

Moscow Gets Half Foreign Direct Investment in Russia

Russia entered the top 10 attractive European investors. In 2019, foreigners invested in 191 projects in the country. This indicator allowed Russia to maintain the 9th place in the list of 20 countries most attractive for investment, VM.RU reported.  Moscow accounts for half of the foreign direct investment in Russia. According to the Bank of

Business |  Economics |  05.07.20

Russian Government Allocated Over 7 Billion Rubles to Doctors

About 7.5 billion rubles will be allocated for special payments for July to medical workers who fight with coronavirus, the Russian Government official website reported. The order to support doctors and ambulance drivers was previously given by Russian President Vladimir Putin and signed by Prime Minister Mikhail Mishustin. It is decided that the allowance will

Business |  Economics |  02.07.20

Russian Banks Launched Transfers by Phone Number

Russian banks launched money transfers from legal entities to citizens by phone number as part of the quick payment system, RIA News reported. Since May 2020, residents of the Russian Federation can transfer up to 100,000 rubles per month within the system for free. You need only to know the name of a credit institution where

Business |  Economics |  01.07.20

Moscow Cafes Revenues Increased by 20%

The revenue of metropolitan cafes and restaurants, after lifting restrictions associated with the coronavirus pandemic, grew by 15–20 per cent compared to last year, Interfax reported.  After the opening of the cafes’ verandas, the demand grew by 60 per cent. It is noted that revenues in this industry are 15–20 percent more than in the

Business |  Economics |  30.06.20

Experts Revealed Professions of Russians Which Most Often Get Life Insurance

Life insurance is often gotten by fettlers, doormen, folders, etc, the state insurance company (Rosgosstrakh Life) reports. Office workers, drivers, medical workers, police, and military workers are also in the top list of those who worry about their safety.   It is specified that most employees know that the profession of a doorman in metallurgy is

Business |  Economics |  29.06.20

Russian Expert Forecasts Ruble Appreciation in 2020

The Head of Sberbank, German Gref, said that by the end of 2020, the Russian ruble may strengthen to the level of 60–62 rubles per dollar, TASS reports. The expert noted that the Russian ruble is closely linked to the price of oil, so the Russian national currency is quite difficult to predict.  Gref said

Business |  Economics |  25.06.20

Russian Airlines to Receive Over 9 Billion Rubles Support

The Federal Air Transport Agency approved the provision of 9.75 billion rubles in subsidies to domestic airlines affected by the COVID-19 pandemic, the Agency’s official website reported.   It is noted that a total of 54 applications from 40 airlines were processed, and some organizations submitted applications repeatedly, separately by month. A positive decision was made