Latest News Economics
Business |  Economics |  13.04.21

Russian Women Reduced Expenses in Beauty Segment

Russian women spend money on beauty services more often than men, though the average bill for men is twice as high, according to a study conducted by the Russian Standard Bank, RIA News reports.  The study examined anonymized data on all online and offline transactions with bank cards in the beauty segment of the Russian

Insight |  Economics |  11.04.21

Most Russians Would Like to Have Additional Job

Specialists of the job search service conducted a study and found out whether Russian residents would like to find a new part-time job. According to the survey results, 79 per cent of respondents would like to earn extra money, and 10 per cent are already doing it, while 11 per cent of the surveyed

Insight |  Economics |  11.04.21

Russians Believe: Adult Children Should Support Parents Financially

Most Russians help their parents financially, allocating them 8,500 rubles per month on average, the specialists of the SuperJob job search service report. According to the results of their research, 55 per cent of the country residents believe that adult children should provide their parents with constant financial help and 35 per cent think that

Business |  Technology |  09.04.21

Experts Named Russian IT Specialists’ Average Salaries

Specialists of the job search service conducted a study and compiled a list of IT professions with the highest average salaries in Russian cities. The list of the top 5 highest-paid vacancies in this sphere you can find below.   The highest average salary in Russia can be received by a technical director in the

Business |  Economics |  09.04.21

Russian Central Bank to Test Digital Ruble Prototype

The Central Bank of Russia will create a prototype of the digital ruble by the end of this year and will devote the next year to testing it with banks, Forbes reports. According to the First Deputy Chairman of the Central Bank, Olga Skorobogatova, Russians will be able to transfer digital rubles to each other

Business |  Trip Advisory |  08.04.21

VTB Starts Issuing Auto Loans to Self-Employed

VTB clients will be able to receive up to 1.5 million rubles to buy a car from a dealer or an individual. The loan rate will depend on the choice of the bank’s programme and will range from 5.5 per cent, according to the bank’s press service.  It is noted that to receive a loan

Business |  Economics |  07.04.21

The Gold-Backed Dollar, Petrodollar – Now an Atomic Ruble? – Paul Goncharoff

Today the US Dollar still rules the roost among fiat currencies for all the reasons which have been exhaustively examined since Bretton-Woods by just about every financial analyst there is. However, for more than a decade the term “de-dollarization” springs up with ever-increasing frequency. There are several reasons, but key among them is today’s micromanaged

Insight |  Economics |  06.04.21

Russians Have No Interest in Colleagues’ Salaries

Specialists of the SuperJob job search service interviewed Russians to find out if they have information about the salaries of their colleagues and bosses. A survey of Russian employers showed that information on salaries is open only in every fifth Russian company (21 per cent).  According to the survey results, 35 per cent of working

Business |  Economics |  03.04.21

Moscow Entrepreneurs to Reimburse Up to 50% Internet Advertising Expenses

Moscow entrepreneurs in 2021 will be able to reimburse up to 50 per cent of the costs of participating in international competitions and festivals, as well as promoting products, works and services on the Internet, TASS reports with reference to the Deputy Mayor of Moscow Natalya Sergunina.  In 2020, new subsidies were introduced in Moscow,

Business |  Economics |  02.04.21

Russian Business Turnover Exceeded Pre-Pandemic Level by 10%

The turnover of Russian companies in the first two months of 2021 amounted to 34.7 trillion rubles, which is 10 per cent more than in the same period in 2020, Izvestia reports, citing a study by the FinExpertiza international audit and consulting network.  It is stated that in January 2021, the revenue of Russian business

Business |  Economics |  31.03.21

Russian Business Increased Advertising Expenses by 66%

Russian entrepreneurs spent 66 per cent more on advertising from February 2020 to February 2021 than in the same period a year ago, TASS reports. Experts suggest that this growth is due to entrepreneurs’ desire to reduce the costs of working with advertising agencies and customize everything themselves.  Self-isolation and closed restaurants forced more stocking

Business |  Economics |  31.03.21

Convicts’ Salary Increased by More Than 11% in Russia

The salary of convicts in Russia in 2020 increased by more than 11 per cent, TASS reports with reference to the director of the Federal Penitentiary Service Alexander Kalashnikov.  According to Kalashnikov, the proportion of those sentenced to imprisonment who were involved in paid work increased by 10 per cent last year. At the same