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Regions of IFRS allowed to write off more than half of public debt
Economy
Regions of IFRS allowed to write off more than half of public debt
3 May 2023

The subjects of the North Caucasus Federal District are allowed to write off (restructure) 38 billion rubles of public debt this year.

Population of Ingushetia recognized as the poorest in Russia
Economy
Population of Ingushetia recognized as the poorest in Russia
3 May 2023

The highest percentage of the poor is found in Ingushetia, accounting for 30.5 per cent of the population of the Republic, which is 1.2 per cent higher than in 2021. 

North Caucasus regions hide their budgets
Economy
North Caucasus regions hide their budgets
2 May 2023

The Financial Research Institute of the Ministry of Finance of the Russian Federation published the results of the annual assessment of the regions of the country by the level of budgetary openness.

Ingushetia and Chechnya - in the outsiders for housing provision
Economy
Ingushetia and Chechnya - in the outsiders for housing provision
2 May 2023

Only in North Ossetia was the housing ratio slightly higher than the Russian one, at 28.2 sq. m per person. This is reported by Rosstat. In other regions of the district the situation is unsatisfactory. Chechnya and Ingushetia - in outsiders with indicators of 20.8 and 16.1 sq. m, respectively

The cheapest apartments - in Ingushetia and CBD
Economy
The cheapest apartments - in Ingushetia and CBD
29 April 2023

Apartments on the secondary market of Russia for the year rose by 8%, according to Rosstat. The cost of 1 square meter. meter on average for the country was 91 thousand rubles. 
The most expensive «meter» - in Moscow (304 thousand rubles), Krasnodar region (177 thousand rubles) and Saint Petersburg (174 thousand). The cheapest «secondary» - in Ingushetia (45 thousand rubles), Kurgan region (52 thousand) and Kabardino-Balkaria (54 thousand).

Dagestan became the leader in the rise of prices for land
Economy
Dagestan became the leader in the rise of prices for land
26 April 2023

During the year in the Russian regions the land has become more expensive in Dagestan, Tatarstan and Stavropol region. 
According to the results of the first quarter of 2023, the average cost of land in Dagestan was 1 million rubles, which is 53.8% more than a year earlier. This is stated in the study of the platform «Avito Realty».

Chechnya and Chechnya are in the lead in the high cost of fuel in SFD
Economy
Chechnya and Chechnya are in the lead in the high cost of fuel in SFD
23 April 2023

The highest price of gasoline of the 92nd grade in the Russian Federal District was found in Chechnya - an average of 50 rubles per liter.

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.