Economy

The coronavirus limitations imposed by Moscow and its regional suburbs on retail malls, restaurants, and entertainment venues have increased consumer demand. Last weekend, consumer attendance increased by 7-10% compared to pre-crisis levels, while commerce transactions increased by 18-40%. According to experts contacted by Kommersant, it will allow firms to...

The Russian government will have to develop new measures to support producers and stabilize food prices in the face of global inflation, Russian Prime Minister Mikhail Mishustin said at a strategic session dedicated to the pricing environment of world markets and measures to limit its influence on domestic prices. The...

The net profit of Russian banks rose to 1.9 trillion rubles, which is 65% more compared to the same period last year, the Bank of Russia said. This is more than last year and the pre-crisis 2019, Russian media informed. The forecast is much better than that of the Central...

Last week, foreign investment in Russian shares hit $190 million, the biggest level in seven months. The Russian economy's reliance on commodities attracts international investors, and the Russian market benefits from growing global commodity inflation. Russia's indices, which have seen record growth this year, are at their greatest levels...

According to RBC, the median salary in Russia climbed by 9.2 percent in annual terms in the third quarter of 2021, citing a joint survey by Sberindex and Rabota.ru service. The median wage is the amount for which half of all workers are paid more or less than the median...

The rapid rise in food prices could force the Russian government to introduce food stamps for the country's low-income citizens, Russian media reported. This is better than simply giving away money that can be spent on other goods, said Valery Mironov, chief economist at the HSE Development Center for Economic...

The Russian government has approved a draft decree concerning the payment of benefits for compulsory social insurance, local media reported. According to it, the Social Insurance Fund will be provided for the payment of benefits for temporary disability and in connection with maternity. "Adopt the draft order of the government of...

Moscow and the Moscow Region are the leaders among the regions in terms of the volume of loans taken, Russian media informed. In these regions, and most of all outstanding "bad" debts (overdue more than 90 days), were counted in the National Association of Professional Collection Agencies (NAPKA) report and...

From December 1, St. Petersburg restaurants and shops can only be entered using a QR code, which proves that a person has either recently had a coronavirus infection or has been vaccinated. The system of QR codes will be introduced in connection with the insufficient level of herd immunity and...

The average bill for housing and communal services in Russia in 2021 was 3410 rubles. This is 9 percent more than a year earlier when Russians paid an average of 3137 rubles a month, Russian media reported. For men, payments are on average higher than for women - 3480 rubles...