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Overdue debts on loans from small businesses have risen sharply in Chechnya
Economy
Overdue debts on loans from small businesses have risen sharply in Chechnya
20 May 2023

In March of this year, overdue debts to banks from individual entrepreneurs increased from 43 to 70 million rubles.

Ingushetia, KChR and Chechnya entered the list of regions with the poorest population
Economy
Ingushetia, KChR and Chechnya entered the list of regions with the poorest population
19 May 2023

According to Rosstat, 11% of the Russian population receive incomes below the subsistence level.

Georgia wants to ban the sale of housing to Russians
Economy
Georgia wants to ban the sale of housing to Russians
16 May 2023

The Georgian parliament intends to ban the sale of real estate to citizens of the Russian Federation until the end of 2024. The authorities believe that in connection with its acquisition by foreigners, housing prices are rising.

Four North Caucasian regions were in the top ten worst in terms of socio-economic situation
Economy
Four North Caucasian regions were in the top ten worst in terms of socio-economic situation
15 May 2023

On May 15, the RIA Rating agency published summary data on the socio-economic situation of Russian regions based on the results of 2022. Four republics of the North Caucasus - Ingushetia, Karachay-Cherkessia, North Ossetia and Kabardino-Balkaria - were in the bottom ten in this ranking.

The most expensive gasoline in the North Caucasus Federal District is in Kabardino-Balkaria and Chechnya
Economy
The most expensive gasoline in the North Caucasus Federal District is in Kabardino-Balkaria and Chechnya
15 May 2023

The price of gasoline in the KBR is 53.4 rubles per liter. The second place in May in terms of the high cost of this type of fuel was taken by Chechnya, where it costs 53.1 rubles per liter. The third position is occupied by the KChR - 52.3 rubles.

The regions of the North Caucasus Federal District were at the bottom of the ranking of the socio-economic situation
Economy
The regions of the North Caucasus Federal District were at the bottom of the ranking of the socio-economic situation
15 May 2023

Ingushetia took 81st place out of 85 in the ranking of the socio-economic situation of Russian regions in 2022. Karachay-Cherkessia - 80th place.

The resumption of flights with Georgia may reduce tourism within Russia
Economy
The resumption of flights with Georgia may reduce tourism within Russia
12 May 2023

Direct flights between the Russian Federation and Georgia, which will come into force on May 15 and have been canceled since 2019, can hit the tourist flow in Russia hard.

In the North Caucasus, Islamic banking is planned to be launched from the summer season
Economy
In the North Caucasus, Islamic banking is planned to be launched from the summer season
12 May 2023

The start of the Islamic banking experiment in Dagestan, Chechnya and other regions was postponed to the summer. This was announced at the St. Petersburg International Legal Forum.

Apartments in Grozny and Makhachkala have risen in price
Economy
Apartments in Grozny and Makhachkala have risen in price
11 May 2023

In April, the price per square meter in new buildings rose the most in Sochi (+7.4%). An increase was also noted in Volzhsky (+6.1%), Grozny (+5.5%), Makhachkala (+5%) and other cities. This is reported by specialists of the federal portal "World of Apartments".

The highest rate on mortgage loans was recorded in Chechnya
Economy
The highest rate on mortgage loans was recorded in Chechnya
11 May 2023

In Chechnya, the mortgage rate reached 11.4% in March. This is the highest figure in the country according to the Central Bank of the Russian Federation. In second place was Karachay-Cherkessia - 9.8%.