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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.

Number of bankrupt citizens increased in North Caucasus
Economy
Number of bankrupt citizens increased in North Caucasus
10 April 2023

The inability to pay off debts on their own forces people and individual entrepreneurs to go to court for bankruptcy proceedings (debt cancellation). 

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%.