Latest Economy News from Russia

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.
Half-Billion Ruble Electricity Theft in St. Petersburg and RegionHalf-Billion Ruble Electricity Theft in St. Petersburg and Region
Half-Billion Ruble Electricity Theft in St. Petersburg and RegionIn 2025, the company Rosseti Lenenergo detected over 2,400 cases of illegal electricity consumption in St. Petersburg and the Leningrad region, recovering nearly 528 million rubles (about $5.9 million at current rates) from violators.
Gold Sets New Records: Is Now the Time to Buy?Gold Sets New Records: Is Now the Time to Buy?
Gold Sets New Records: Is Now the Time to Buy?The global price of gold has surpassed $5,000 per ounce, and since the beginning of 2026, the metal has appreciated by more than 17%. Analysts forecast further increases in quotations.
Ufa woman's five-figure daily spending saddens herUfa woman's five-figure daily spending saddens her
Ufa woman's five-figure daily spending saddens herA woman from Ufa tracked her spending on what she called her most expensive day, finding she parted with over 30,000 rubles without any major purchases.
Omsk budget rises 600 million rubles for roads and housingOmsk budget rises 600 million rubles for roads and housing
Omsk budget rises 600 million rubles for roads and housingOmsk City Council has approved amendments to the 2026 budget, increasing revenues by nearly 600 million rubles with a promise of a balanced budget.
Primorye Deputies Adjust Budget, Reallocate Construction FundsPrimorye Deputies Adjust Budget, Reallocate Construction Funds
Primorye Deputies Adjust Budget, Reallocate Construction FundsDeputies in Primorye have reallocated budget funds, shifting money from some construction projects to others, including a school on Patroclus, following the first budget adjustment of 2026.