Economy

Credit fraud in Russia amounted to 12.8 billion rubles in 2024

The volume of credit fraud in 23 largest Russian banks by the end of 2024 amounted to 12.8 billion rubles. This was reported by Alexandra Danilova, Director of the Department of Banking Regulation and Analytics of the Central Bank of the Russian Federation, at the forum “Cybersecurity in Finance”.

Economist Goldfein shared his opinion on the return of foreign companies to Russia

Coca-Cola, Uniqlo and other Western brands want to return to Russia. There is a broader geopolitical context behind this desire.

iPhones have become cheaper in Russia

The average price of an iPhone in Russia over the last four or five months, except for the new line of iPhone 16, has decreased by 13%. This was reported by Avito based on the results of analyzing data on its platform.

Poland to buy a record volume of fertilizers from Russia in 2024

Poland purchased a record 1.3 million tonnes of fertilizers from Russia by the end of 2024. For the first time, this country accounted for more than a quarter of all Russian supplies to the European Union, according to Eurostat.

Challenges for the Russian economy: what has it managed to import?

Import substitution in Russia is a topic that has become particularly relevant in recent years against the backdrop of economic sanctions and restrictions imposed after 2014 and exacerbated from 2022. Let's dive into this topic to understand what is happening in the import substitution market.

Russians began to spend more on dental services

Russians have begun to spend more on dental services due to the growth in real incomes. Revenue in this segment of private medicine grew by 18%, to almost 713 billion roubles.

Vegetables and fruits rose in price by 1.1% over the week in Russia

The price of fruits and vegetables rose by 1.1% in Russia in the period from February 4 to 10. This was reported by Rosstat.

Real estate developers in Russia have been suffering significant losses for the last few years

Russian real estate developers have been facing serious losses in recent years. This was stated by Irina Radchenko, Vice President of the International Academy of Mortgage and Real Estate.

Became known on whom the implementation of the digital ruble will be tested

The Ministry of Finance, the Central Bank and the Federal Treasury are discussing the possibility of using the digital ruble for social benefit payments. According to Finance Minister Anton Siluanov, the digital ruble is a reliable instrument, especially for cross-border settlements. However, for the government, the key advantage of this currency is the traceability of transactions.

The coffee market may stagnate in Russia

The Russian coffee market may face stagnation. A study by Romir Holding shows that this is due to consumers switching to ready-to-drink beverages.

Russia's hot beverage brand market has changed its leader

A change of the leader in the market of hot beverage brands bought in retail chains by consumers in 2024. These conclusions are based on data from the Nielsen research company.

Russia may prohibit the transfer of consumer loan debts to debt collectors

Russia plans to initiate a ban on the transfer of consumer loan debts to debt collectors. According to Izvestia, this bill was submitted to the State Duma on February 5 by Sergei Mironov, who heads the A Just Russia - For Truth faction, together with deputies Alexander Terentyev and Yana Lantratova.

Belarus reduced butter exports to Russia in January

Belarus, which is the main supplier of butter to Russia, significantly reduced the export of products at the beginning of 2025. The data was provided by Rosselkhoznadzor.

Cunning calculation and deliberate error: what happens to interest on bank deposits

Financially literate Russians have long been using bank deposits to multiply their capital. However, recently many people have begun to notice a catch in the charging of interest on deposits. An expert explains why this happens.

Coffee is set to rise in price in 2024 for a record year

The cost of Robusta has more than doubled in 2024, while the price of Arabica has increased by 80%. This was reported by the Russian coffee roasting company MilFoods.

Pensions in Russia may be reduced by 2047

Pension payments in Russia may be reduced by one and a half times by 2047, given the high mortality rate. This was stated by Yury Krupnov, Chairman of the Board of Directors of the Institute of Demography, Migration and Regional Development.

Inflation expectations of citizens in Russia increased by 14%

The Ministry of Industry and Trade considers the possibility of marketplaces transferring goods to charities

The Russian Ministry of Industry and Trade (Minpromtorg) has confirmed that it is considering the possibility of transferring unwanted or low-return goods from marketplaces to charity. The issue was discussed at a meeting of the commission for self-regulation in e-commerce, established in accordance with the Ministry of Industry and Trade's order of July 20, 2022.

It became known how the “Organization of Young Presidents” worked in Russia

The Russian Prosecutor General's Office in October 2024 included the American organization Young Presidents Organization (YPO), or “Young Presidents Organization”, in the list of undesirable in the country. This structure, which unites more than 35,000 entrepreneurs from 142 countries, is suspected of espionage in the economic sphere, recruitment of managers and promotion of Western ideology.

Accounts Chamber records growth of failed procurements

Tkachenko noted that more than 80% of cases are due to lack of competition. The largest number of thwarted tenders in the sphere of real estate transactions.

Expert told what will change in heat tariffs in March

From March 2025, some Russians may face a recalculation of heating fees, which will lead to an increase in the amount in receipts in some regions, said Inna Litvinenko, an economist, associate professor at the Russian State University of Social Sciences and a member of the public council at the Ministry of Education and Science. The fact is that since this spring, the Russian Ministry of Construction has prohibited the regions from continuing to distribute heating fees for the whole year, if the system of actual calculations is already applied.

The volume of overdue mortgages in Russia increased 1.5 times

The volume of overdue mortgage payments in Russia in January-November 2024 increased 1.5 times, reaching almost 102 billion rubles. This was reported by the collection agency Debt Consultant.

It has become known what problems may arise when buying a private island in Russia

A private island is an ideal place for connoisseurs of privacy and tranquility. A private island can also generate income, which is especially important in the development of domestic tourism.

Specialist Yushin shared information about the volume in which Russia meets its needs in meat

Sergei Yushin, President of the National Meat Association, states with confidence that Russian producers are fully meeting domestic demand for meat and meat products. This opens the door for export expansion without compromising domestic consumption.