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Regions of CSFR became leaders in the share of overdue credit
Economy
Regions of CSFR became leaders in the share of overdue credit
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
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
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
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
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
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
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
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.

Authorities estimate price increase in CFR at 11.4%
Economy
Authorities estimate price increase in CFR at 11.4%
22 March 2023

Inflation in February amounted to 11.46%. This is slightly higher than the increase in prices in Russia as a whole (10.9%), according to the Central Bank of Russia.

Georgia and Armenia increase trade with Russia after sanctions
Economy
Georgia and Armenia increase trade with Russia after sanctions
21 March 2023

Foreign trade turnover between Georgia and Russia for two months of 2023 amounted to 467.1 million dollars. This is 70% higher than the level of January-February 2022.