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Regions of CSFR become leaders in falling wages
Economy
Regions of CSFR become leaders in falling wages
21 April 2023

In 2022, wages in Ingushetia and Dagestan fell by 13% and 12% respectively compared to 2021. These regions have become leaders in the downward dynamics according to Rosstat. Kabardino-Balkaria and Chechnya (-5%) were also among the top 10 regions in terms of falling wages.

Chechnya and HRC have the highest mortgage interest
Economy
Chechnya and HRC have the highest mortgage interest
20 April 2023

The average mortgage rate in Chechnya is 11.1%, in Karachay-Cherkessia - 9.6%. This is the highest rate in the country according to the Central Bank. The rate is also high in Ingushetia - 9.6%. The indicators are above the average - in North Ossetia and Kabardino-Balkaria (8.8%), Dagestan (8.7%). The lowest average mortgage interest in southern Russia is in Krasnodar Krai (6.4%) and Adygea (6.5%).

In Chechnya and Ingushetia there was a collapse in housing construction
Economy
In Chechnya and Ingushetia there was a collapse in housing construction
19 April 2023

In Chechnya, between January and March 2023, 47% less housing was put into operation than in the same period of the previous year. In Ingushetia, the collapse amounted to 33%, as reported by the Rosstat Department for SFD.
In general, in the regions of the North Caucasus Federal District in January-March this year, 12.5% less housing was put into operation than in the same period of 2022.

Russians lead in money transfers and purchase of apartments in Georgia
Economy
Russians lead in money transfers and purchase of apartments in Georgia
18 April 2023

In March, 223.6 million dollars were transferred from Russia to Georgia. This is 728% more than in the same month of 2022. Funds from Russia account for 51 per cent of total remittances. 

Azerbaijan has the highest post-Soviet pension
Economy
Azerbaijan has the highest post-Soviet pension
18 April 2023

Among the post-Soviet countries, the highest average pension is in Azerbaijan. It is 249 dollars per month.

The top 3 also included Kazakhstan (244 dollars) and Russia (238 dollars). Armenia and Georgia took 7th and 8th places. On the last, 11th place - Tajikistan.

Unemployment decreased in IFRS, remaining the highest in RF
Economy
Unemployment decreased in IFRS, remaining the highest in RF
17 April 2023

In 2022, compared to 2021, the number of unemployed in Ingushetia decreased by 8.1 per cent. This is the 3rd place in the country on this indicator, as reported by RIA «Rating».

Armenia closes channels for circumventing anti-Russian sanctions
Economy
Armenia closes channels for circumventing anti-Russian sanctions
16 April 2023

Armenia stops re-export of goods to Russia. Prime Minister Nikol Pashinyan demanded that the tax and customs services close the channels of circumvention of anti-Russian sanctions. This is written by the publication Hraparak. 

Number of young workers decreased in most CFR regions
Economy
Number of young workers decreased in most CFR regions
14 April 2023

The share of workers under 30 years of age in total employment in Chechnya in the last year was 26.4%. This indicator rose by 6.9 per cent over the year. Dagestan also registered an increase of up to 21.1% (+2.7% YoY) and Karachaevo-Cherkessia up to 17.9% (+7.2%). 

May tourist flow is most observed in Dagestan and Stavropol region
Economy
May tourist flow is most observed in Dagestan and Stavropol region
11 April 2023

The leader of the tourist flow SCFO on the May holidays in terms of the level of booking hotels become Dagestan and Stavropol. They are loaded at almost 100%.

Most young workers in Chechnya and Dagestan
Economy
Most young workers in Chechnya and Dagestan
11 April 2023

The North Caucasus and Siberia have the highest number of able-bodied citizens under the age of 30 in 2022. The leaders on this indicator were Chechnya (26.4%), Dagestan (21.1%), Trans-Baikal Territory (19.2%), Altai (19%), Yakutia (18.8%), Irkutsk Region (18.7%) and Tyva (18.5%), according to Finiza analysts.

In the Russian Federation as a whole, the number of workers under the age of 35 fell by 1.3 million, reaching 21.5 million, or 29.8 per cent of all employees. It is the lowest in the country’s recent history. The number of young workers has been declining steadily over the past 10 years, down by 6 million.