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Economics | Business  | 07.05.21

Car Loan Issuances in Russia Grew to Historical Maximum

The number of car loans issued in Russia jumped by 27 per cent in March 2021 and reached 77.9 billion rubles, RIA Novosti reports with reference to the Equifax credit bureau.  It is noted that the number of loans issued for the purchase of a car in early spring increased by 19.3 per cent, to

Trading | Business  | 03.05.21

Experts Analysed Muscovites’ Expenses Change

The Boston Consulting Group (BCG) and the Romir research holding presented an analysis of consumer sentiment aimed at analyzing consumer attitudes towards the situation amid the COVID-19 pandemic and identifying Russians’ willingness to spend.  The study showed that, compared to the beginning of the pandemic, Muscovites are positive about their plans to increase consumption. Thus,

Recommended | Moscow | Insight  | 03.05.21

Victory Parade: Moscow Gets Ready

On May 9, 2021, Russia celebrates the 76th anniversary of the Victory in the Great Patriotic War. Traditionally, the Victory Parade will be held on Red Square in Moscow, RIA News reports.  It is specified that the walking part of the parade will be more than 12.5 thousand people who will march along Red Square.

Economics | Business  | 30.04.21

VTB Leasing Increased Vehicle Transactions’ Volume by 43%

VTB Leasing has summed up its operating results for the Q1 of 2021. During this period, the company entered into 6.8 thousand new contracts, which is 14.7 per cent more compared to the same period last year, so that as of April 1, the volume of new business amounted to 19.8 billion rubles, the press

Trading | Business  | 30.04.21

Russians Increased Expenses on Garden Tools

A week before the May holidays Russians spent 3 billion rubles in supermarkets for household goods and in gardening stores, which is 2 times more than in 2020. The number of transactions in these categories also doubled, according to the statistics provided by VTB‘s Acquiring Business.   In addition, spending on garden tools, according to the

Trading | Business | Trip Advisory  | 29.04.21

Experts Named Russians’ Favourite Street Food

A hot dog is the most expensive street food in Russia, pirozhki with cabbage are the cheapest, sausage in the dough (“a pig in a blanket”) is the most popular, and cheburek is the most expensive, RIA News reports with reference to the press service of the Evotor IT company.   Based on data from smart

Trading | Business  | 25.04.21

Russian Used Luxury Car Market Showed Growth by 24%

According to the AUTOSTAT analytical agency, in March 2021 the volume of the Russian market of used luxury cars amounted to 200 cars, which is 24 per cent more than a year ago (161 cars). Among the used cars of the Luxury segment Russians give the greatest preference to Mercedes-Benz Maybach which accounts for a

Insight | Around Russia  | 23.04.21

Instead of Expanding Staff Russian Bosses Hire Self-Employed

Specialists of the SuperJob job search service conducted a survey among 1,000 HR managers from all districts of Russia and found out that 17 per cent of Russian companies hire self-employed people. The benefits of such cooperation are most often used by employers from the construction and information technology sectors. The Federal Tax Service reports