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The lowest pensions are recorded in the North Caucasus Federal District
Economy
The lowest pensions are recorded in the North Caucasus Federal District
24 November 2023

Kabardino-Balkaria, Dagestan and Karachay-Cherkessia have become outsiders in terms of pensions in the Russian Federation. In these republics, the average pension is 17-18 thousand rubles. Such data follows from the statistics of the Social Fund (SFR). At the same time, tens of thousands of residents receive less than these amounts.

Inflation has accelerated in the North Caucasus Federal District
Economy
Inflation has accelerated in the North Caucasus Federal District
21 November 2023

In October, official inflation in the North Caucasus Federal District accelerated to 7.8% after 7.1% in September. This was reported by the Central Bank Rosstat. Annual price growth in Russia as a whole also continued to rise, reaching 6.6% (in September – 6%).

The North Caucasian Federal District has the least number of residents receiving a salary of over 100 thousand rubles.
Economy
The North Caucasian Federal District has the least number of residents receiving a salary of over 100 thousand rubles.
20 November 2023

In the ranking of regions for high salaries, published on the RIA Novosti website, Kabardino-Balkaria and Ingushetia occupy 83rd and 84th (penultimate) places. In these republics, the share of workers officially receiving a salary of 100 thousand rubles per month is 2.1%. The situation is worse only in Kalmykia, where the figure is 1.8%.

In a number of regions of the North Caucasian Federal District, residents are forced to pay a large part of their salaries to pay off the mortgage
Economy
In a number of regions of the North Caucasian Federal District, residents are forced to pay a large part of their salaries to pay off the mortgage
13 November 2023

In North Ossetia, Karachay-Cherkessia and Kabardino-Balkaria, the average mortgage payment is 92%, 73% and 70%, respectively, of the average salary. These regions occupy the last places in the Russian Federation along with Kalmykia, RIA Rating experts reported.

The number of registered individual entrepreneurs has increased in the North Caucasus
Economy
The number of registered individual entrepreneurs has increased in the North Caucasus
11 November 2023

On average in Russia, the number of individual entrepreneurs increased by 8.3%. At the same time, in Chechnya and Ingushetia the growth was 19%, in Dagestan – 17.4%. Forbes reports this with reference to the Federal Tax Service.

Most families in the North Caucasian Federal District are unable to rent housing
Economy
Most families in the North Caucasian Federal District are unable to rent housing
7 November 2023

Kabardino-Balkaria took last, 85th place among all regions of the Russian Federation in terms of affordability of renting a two-room apartment for families with two children. In the republic, 13% of families can afford this, RIA Novosti reported.

The capital of Dagestan has become a leader in the growth dynamics of prices for secondary real estate
Economy
The capital of Dagestan has become a leader in the growth dynamics of prices for secondary real estate
6 November 2023

The highest increase in the cost per square meter of secondary real estate in Russia from September to October was recorded in Makhachkala (+14.9%). This was reported by the federal portal “World of Apartments”.

Russia is introducing Islamic banking without the word
Economy
Russia is introducing Islamic banking without the word "Islam"
3 November 2023

On September 1, an experiment to introduce Islamic banking began in four regions of Russia. In Chechnya, Dagestan, Tatarstan and Bashkiria, financial products and services operating according to the principles of Sharia will be introduced over the course of two years. However, the words "Islam", "Sharia", "halal" are not mentioned in the law itself.

Regions of the North Caucasian Federal District were among the worst in terms of the level of development of science and technology
Economy
Regions of the North Caucasian Federal District were among the worst in terms of the level of development of science and technology
23 October 2023

In terms of the level of development of scientific and technological activities, Ingushetia took the last place (85th place) in the RIA Rating list.

The cost of winter holidays in the North Caucasus has increased by 15-20%
Economy
The cost of winter holidays in the North Caucasus has increased by 15-20%
23 October 2023

Ski holidays in the North Caucasus are becoming increasingly expensive and inaccessible to the population of the Russian Federation. According to tourist accommodation booking services, in the new season, renting hotel rooms at the resorts of the district has risen in price by about a third.