Latest Economy News from Russia

Doctors' Salaries in Russia: Can You Trust the Official Figures?Doctors' Salaries in Russia: Can You Trust the Official Figures?
Doctors' Salaries in Russia: Can You Trust the Official Figures?Official statistics show high average salaries for doctors in Russia's public health system, but medical professionals question how reflective these numbers are of real earnings, especially outside major cities.
Krasnoyarsk Krai ranks 19th in business closures for 2025Krasnoyarsk Krai ranks 19th in business closures for 2025
Krasnoyarsk Krai ranks 19th in business closures for 2025Krasnoyarsk Krai saw more business closures than openings in 2025, placing it 19th in a national ranking of business 'mortality'.
Zabaykalsky Allocates Funds for Flights to Menza, Chara, Abakan, KrasnoyarskZabaykalsky Allocates Funds for Flights to Menza, Chara, Abakan, Krasnoyarsk
Zabaykalsky Allocates Funds for Flights to Menza, Chara, Abakan, KrasnoyarskAuthorities in Zabaykalsky Krai have allocated 469 million rubles (approximately $5.2 million at current rates) to support domestic and interregional air routes.
Promoters and Painters Outpace Market: Record Wage Growth in PrimoryePromoters and Painters Outpace Market: Record Wage Growth in Primorye
Promoters and Painters Outpace Market: Record Wage Growth in PrimoryeMedian wage offers in Primorye Territory rose 31% over three years, with promoters and painters seeing the biggest jumps, a recruitment platform reports.
A blow to marketplaces? How VAT on Chinese goods will change online tradeA blow to marketplaces? How VAT on Chinese goods will change online trade
A blow to marketplaces? How VAT on Chinese goods will change online tradeAuthorities want to make them inaccessible and expensive. The Ministry of Finance and Ministry of Industry and Trade are discussing imposing VAT on all goods Russians buy via cross-border trade on marketplaces.
Murmansk Proposes Fixed Sum for Teachers and Medical WorkersMurmansk Proposes Fixed Sum for Teachers and Medical Workers
Murmansk Proposes Fixed Sum for Teachers and Medical WorkersDuring the first city council meeting of 2026, Murmansk officials suggested changing the financial support for educators and healthcare workers from a monthly salary-based bonus to a fixed annual sum.
Anapa Suspends Tourist Tax for Another Six MonthsAnapa Suspends Tourist Tax for Another Six Months
Anapa Suspends Tourist Tax for Another Six MonthsAnapa city deputies have extended the tourist tax freeze for six months to support hotels affected by a December 2024 fuel oil spill.
Wealthy Clients Prioritize Health and Domestic Travel in Winter
Wealthy Clients Prioritize Health and Domestic Travel in WinterA study by Bank Saint Petersburg revealed changes in the spending patterns of premium card holders during the New Year holidays. Home goods and medicine entered the top five, with most expenses going to domestic tourism.
Medical Tourists Go to St. Petersburg for Treatment
Medical Tourists Go to St. Petersburg for TreatmentFunding from the federal compulsory health insurance fund for treating non-resident patients in St. Petersburg reached 12.2 billion rubles (approximately $128 million at current rates) by the end of 2025, which is 15% above planned indicators. These data were cited by the head of the city's Territorial Fund of Compulsory Medical Insurance (TFOMS), Dmitry Lisovets.
St. Petersburg Budget: Personal Income Tax Rises, Profit Tax Falls
St. Petersburg Budget: Personal Income Tax Rises, Profit Tax FallsThe city budget revenues in 2025 reached 1.41 trillion rubles (approx. $15.8 billion at current rates), with personal income tax receipts growing while profit tax declined.
Murmansk gets federal funds for pool renovation and power grid upgradeMurmansk gets federal funds for pool renovation and power grid upgrade
Murmansk gets federal funds for pool renovation and power grid upgradeMurmansk Oblast has secured additional federal financing for infrastructure projects, including the renovation of a central pool and modernization of the power grid, as announced by Governor Andrey Chibis.
Tula Oblast to raise pregnancy allowance for conscripts' wivesTula Oblast to raise pregnancy allowance for conscripts' wives
Tula Oblast to raise pregnancy allowance for conscripts' wivesThe one-time payment for pregnant women whose husbands are military conscripts or first-year cadets in Tula Oblast will increase by about 3,000 rubles starting 1 February 2026.
Gasoline Prices Hold Steady in Voronezh Region This WeekGasoline Prices Hold Steady in Voronezh Region This Week
Gasoline Prices Hold Steady in Voronezh Region This WeekGasoline prices in the Voronezh region remained unchanged this week, marking a rare period of stability on the local fuel market, as reported by Voronezhstat.
Dollar Hits Record Lows: How This Affects Russia and What Trump Has to Do With ItDollar Hits Record Lows: How This Affects Russia and What Trump Has to Do With It
Dollar Hits Record Lows: How This Affects Russia and What Trump Has to Do With ItThe fall of the American currency has led to a restructuring of the global financial system.
PC Assembly Costs Jump in Nizhny NovgorodPC Assembly Costs Jump in Nizhny Novgorod
PC Assembly Costs Jump in Nizhny NovgorodExperts report a sharp rise in prices for computer components and outline benchmarks for building a new PC, providing current prices and recommendations from specialists.
Nizhny Novgorod PC prices after component surgeNizhny Novgorod PC prices after component surge
Nizhny Novgorod PC prices after component surgeWe spoke with specialists and looked at the cost of the most important parts as prices for computer components have skyrocketed in Russia in 2025.
Novosibirsk Social Fund Outlines 2026 Pension RequirementsNovosibirsk Social Fund Outlines 2026 Pension Requirements
Novosibirsk Social Fund Outlines 2026 Pension RequirementsThe Novosibirsk branch of Russia's Social Fund has set pension eligibility for 2026, emphasizing that both work history and specific job conditions affect retirement.
Yakutia Leads Far East in Gross Regional Product, Says HeadYakutia Leads Far East in Gross Regional Product, Says Head
Yakutia Leads Far East in Gross Regional Product, Says HeadThe head of Yakutia, Aisen Nikolayev, announced on 28 January that the republic leads the Far East in gross regional product and social indicators.
Billions of Rubles Allocated for Shakhunya RevitalizationBillions of Rubles Allocated for Shakhunya Revitalization
Billions of Rubles Allocated for Shakhunya RevitalizationAuthorities of the Nizhny Novgorod Region and investors plan to invest over 8 billion rubles (approximately $89 million at current rates) in the comprehensive development of Shakhunya.
Inflation in Voronezh: Fish Prices Rise from 2023 to 2025Inflation in Voronezh: Fish Prices Rise from 2023 to 2025
Inflation in Voronezh: Fish Prices Rise from 2023 to 2025Over the 2023-2025 period, fish prices in Voronezh stores have increased noticeably. Voronezh1.ru monitors prices with photos to track real inflation.
Nizhny Novgorod Region plans billion-ruble reboot for ShakhunyaNizhny Novgorod Region plans billion-ruble reboot for Shakhunya
Nizhny Novgorod Region plans billion-ruble reboot for ShakhunyaThe regional government and agribusiness holding Ruslakto have initiated the creation of a development agency for Shakhunya. The project aims to attract over 8 billion rubles (about $80 million at current rates) in investments.
Economist Natalya Zubarevich to Lecture at Perm UniversityEconomist Natalya Zubarevich to Lecture at Perm University
Economist Natalya Zubarevich to Lecture at Perm UniversityProminent economic geographer Natalya Zubarevich will deliver a report on Russia's regions at the Tenth Perm Economic Congress on February 12, open to the public.
Samara lawyer outlines five overlooked benefitsSamara lawyer outlines five overlooked benefits
Samara lawyer outlines five overlooked benefitsSergei Belevitin, a lawyer from Samara, highlights five lesser-known benefits in his blog, covering support for businesses, families, and workers.
Central Bank reports lowest inflation since 2020 in Krasnodar KraiCentral Bank reports lowest inflation since 2020 in Krasnodar Krai
Central Bank reports lowest inflation since 2020 in Krasnodar KraiInflation in Krasnodar Krai dropped to 5.5% in 2025, the lowest level since 2020, with prices barely rising in December, according to the Central Bank's Southern Directorate.
VTB predicts 25% mortgage market growth by 2026
VTB predicts 25% mortgage market growth by 2026VTB Bank has reduced market mortgage rates since January 28 and expects the housing loan market to have overcome the downturn and show growth.