Economy
Clear
Regions of CSFR became leaders in the share of overdue credit
Economy
Regions of CSFR became leaders in the share of overdue credit
Published: 10 April 2023

Poverty and despair force the Russian population to take loans on a permanent basis. The highest share of overdue loans from the total amount of loans issued was recorded in Ingushetia - 10.1%.  Performance was slightly better in North Ossetia (7.8%), Karachaevo-Cherkessia (6.8%) and Chechnya (6.5%). These republics take places from 82 to 85 in the rating of the agency «RIA Rating». Stavropol region is located on the 80th line (5.7%), Kabardino-Balkaria - on the 77th (5.5%), Dagestan - on the 71st (5.1%). 
Strong alcohol sales increased in all SFD regions except Chechnya
Economy
Strong alcohol sales increased in all SFD regions except Chechnya
Published: 1 April 2023

In 2022, liquor sales in Chechnya fell by 42%. However, in Ingushetia, according to the Russian Alcohol Regulation, they increased by 26.4%. In Karachay-Cherkessia the growth was 23.9%, in Kabardino-Balkaria - 13.3%, in North Ossetia - 11.6%, in Stavropol territory - 8.1%, in Dagestan - 4.8%. 
Half of North Caucasus residents work informally
Economy
Half of North Caucasus residents work informally
Published: 29 March 2023

The largest share of informal (shadow) employment of the population of the Russian Federation is found in Ingushetia (54%), Dagestan (51%) and Kabardino-Balkaria (48%), according to Rosstat. Most often, such workers work in the areas of trade and repair of vehicles.
Most dependent on the federal budget of Ingushetia and Chechnya
Economy
Most dependent on the federal budget of Ingushetia and Chechnya
Published: 28 March 2023

According to the Accounts Chamber of the Russian Federation, Ingushetia and Chechnya depend on receipts from the federal center for 83% and 81%. This is the highest rate among the regions. Tuva is also among the top three subsidy countries - 80.5%.

 
In the rating of small and medium-sized cities of the Russian Federation, the lowest salaries were found in Chechnya
Economy
In the rating of small and medium-sized cities of the Russian Federation, the lowest salaries were found in Chechnya
Published: 27 March 2023

The RIA North Caucasus Republic News ranked the lowest on average wages in small and medium settlements. The worst situation is in Chechnya, where earnings are 24,000 rubles.
North Caucasus least dependent on imports of «unfriendly countries» due to lack of industry
Economy
North Caucasus least dependent on imports of «unfriendly countries» due to lack of industry
Published: 24 March 2023

Chechnya and Ingushetia are the most independent of the countries that have declared sanctions against Russia. Analysts of the Statistical Research Institute of HSE believe that these subsidized regions are poorly involved in the international division of labour and have practically no developed real sector - mechanical engineering, automotive, pharmaceutical, high-tech production. 
Business of Dagestan and Chechnya has the highest load on electricity bills
Economy
Business of Dagestan and Chechnya has the highest load on electricity bills
Published: 23 March 2023

Chechnya and Dagestan topped the list of regions of the Russian Federation with the largest share of cross-subsidized electricity.  
In the North Caucasus business is losing
Economy
In the North Caucasus business is losing
Published: 23 March 2023

In Russia, following the results of 2022, the average and large enterprises of six regions lost money. Almost all of them belong to the SFD.
Последние новости
UK to Allow Duty-Free Imports of a Range of Armenian Goods
Economy
UK to Allow Duty-Free Imports of a Range of Armenian Goods
5 November 2026

The United Kingdom has granted duty-free access to a range of goods originating in Armenia. The preferential trade arrangements cover agricultural produce, spices and alcoholic beverages and are intended to make it easier for Armenian producers to enter the British market.
The Federal Antimonopoly Service (FAS) has reached an agreement with gas station chains to curb gasoline prices in three regions of Southern Russia
Economy
The Federal Antimonopoly Service (FAS) has reached an agreement with gas station chains to curb gasoline prices in three regions of Southern Russia
4 November 2026

With the assistance of the Federal Antimonopoly Service, Russian regions have entered into 146 agreements aimed at stabilizing fuel prices. As of early November, these arrangements are in effect across 52 constituent entities of the Russian Federation, including the Volgograd and Rostov regions, as well as the Stavropol Territory.
Armenia to Begin Issuing New Biometric Passports and ID Cards on 1 November
News
Armenia to Begin Issuing New Biometric Passports and ID Cards on 1 November
31 October 2026

Armenia will introduce a new biometric identification system on 1 November, with citizens set to receive passports containing electronic chips and a new generation of national ID cards. The reform is intended to make Armenian identity documents compatible with international authentication systems and, in the longer term, allow their holders to pass through automated border gates.
First the Election, Then the Bills: Utility Tariffs in the North Caucasus See One of the Sharpest Increases in Russia
News
First the Election, Then the Bills: Utility Tariffs in the North Caucasus See One of the Sharpest Increases in Russia
31 October 2026

Utility bills rose across the North Caucasus on 1 October. The average increase across the North Caucasus Federal District (NCFD) was 14.5% — almost 2.7 percentage points higher than in the rest of Russia. The national average stands at around 12%.