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The lowest debt load of the population is in the North Caucasus
Economy
The lowest debt load of the population is in the North Caucasus
13 July 2023

The Russians owe banks almost 28 trillion rubles. The level of debt load as the ratio of the average amount of debt to the annual income per household increased in the first quarter to 41%. At the beginning of the year it was 35%.

Authorities push for Islamic banking law
Economy
Authorities push for Islamic banking law
12 July 2023

The State Duma Committee on Financial Markets recommended the adoption in the second reading of a bill on the introduction in a number of regions of an experimental legal regime for partner (Islamic) financing. It is planned that the issue will be considered on July 18.

The flow of tourists to Armenia increased by 30%
Economy
The flow of tourists to Armenia increased by 30%
10 July 2023

Over 1 million tourists visited Armenia in the first half of 2023, according to the Armenian Tourism Committee. The growth was 30% compared to the record year 2019.

Ingushetia and Dagestan have become outsiders in the mortgage development rating
Economy
Ingushetia and Dagestan have become outsiders in the mortgage development rating
10 July 2023

Ingushetia took the last place in the development of mortgages. Only 2.4 mortgage loans were issued per thousand working people in the republic. It is reported by RIA Novosti.

Informal employment in the North Caucasus Federal District has decreased due to mobilization and the war with Ukraine
Economy
Informal employment in the North Caucasus Federal District has decreased due to mobilization and the war with Ukraine
6 July 2023

The level of informal employment in the North Caucasus Federal District in the first quarter amounted to 38.2%, having decreased by 5% compared to last year, according to Rosstat.

Regions of the North Caucasus Federal District named among the poorest
Economy
Regions of the North Caucasus Federal District named among the poorest
5 July 2023

Ingushetia, North Ossetia, KChR and six other regions failed to reduce the level of poverty in 2022. This was stated by Deputy Chairman of the Russian Cabinet of Ministers Tatiana Golikova.

The residents of Chechnya work the least in the North Caucasus Federal District
Economy
The residents of Chechnya work the least in the North Caucasus Federal District
3 July 2023

In the first quarter of 2023, the population of North Ossetia worked an average of 39 hours per week (just under 8 hours per day). This is the maximum figure for the NCFD.

Ingushetia ranked fifth in the country in terms of the quality of regional roads
Economy
Ingushetia ranked fifth in the country in terms of the quality of regional roads
3 July 2023

The share of regional roads (excluding federal highways) that meet the standards in Ingushetia last year is 81.7%.

The State Duma suggested that Islamic banking will attract foreign investment
Economy
The State Duma suggested that Islamic banking will attract foreign investment
3 July 2023

Islamic banking will attract $11-14 billion in investments to Russia, especially from Iran and Turkey. This was stated by the head of the State Duma Committee on the financial market Anatoly Aksakov.

Dagestan ranks second in overdue mortgage debts
Economy
Dagestan ranks second in overdue mortgage debts
30 June 2023

Since February 2022 (the beginning of the war between the Russian Federation and Ukraine) in Dagestan, overdue mortgage debt has grown by 72% - from 456 million to 632 million rubles. According to this indicator, the region ranks second in the country.