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Real incomes and the unemployment rate will not be able to reach pre-crisis levels anytime soon. The first forecasts of the depth of the current crisis began to appear in early March 2022. Then experts predicted a decline in GDP of 9-10% by the end of 2022, as well as an increase in inflation to […]
The adoption of such amendments may neutralize the effect of the shared construction reform and increase the number of deceived equity holders. From mid-2021, all new projects by Russian developers can only be financed through the mechanism of escrow accounts. This means that the money of equity holders lies in special accounts until the end […]
This is at least the third sale and purchase transaction of the bank on the Russian market – and, apparently, the bank cost buyers a small amount. After the well-known events began, many foreign companies preferred to leave the Russian market. International banking groups are also leaving Russia – for example, the French Societe Generale […]
The openness of the Central Bank of Russia does credit to both the regulator and its chairman, Elvira Nabiullina. Published in May 2022, the report is moving in line with this policy, and so far no change is visible. Is everything so smooth on the virtual pages of the Central Bank? And what problems does […]
A year ago, an atypical situation persisted on the Russian real estate market – buying a home with a mortgage was not only more profitable than renting, but also cheaper even in terms of a monthly payment. Then, of course, mortgage prices went up, in March 2022 it went up a lot, then it went […]
The French company announced its withdrawal from Russia for political reasons, and its assets were transferred to the de facto state. Now the authorities hope to continue the production of existing models and start production of new ones. What else is known about this – we tell in our review. How Renault leaves Russia At […]
Among other things, the Central Bank allowed some non-residents to additionally transfer amounts abroad in the amount of their salaries. Since March, the Central Bank has introduced a number of strict restrictions on foreign exchange transactions – in addition to a ban on the issuance of cash in excess of a certain limit, foreign currency […]
The changes will be dramatic – the Ministry of Sports and the Ministry of Finance will not be the organizers of lotteries, they will be given to the Unified Gambling Regulator. Earlier we wrote about how the lottery market works in Russia. All lotteries are state-owned, their organizers are Ministry of Sports and Ministry of […]
Financing of the national project is reduced, and partially transferred to extrabudgetary sources – including labeling and disposal fees. The concept of a recycling fee is familiar to Russians from the car market – importers and Russian automakers pay a fee, which will subsequently be sent to work on the disposal of obsolete cars. In […]
Now the grace period includes not only purchases, but also cash withdrawals and transfers, and immediately after the card is issued, special conditions apply. Since March, many banks have worsened the terms of service for credit cards – for example, the same Alfa-Bank refused one of the most important advantages and began to charge a […]
