Russians Spend More Than They Earn For First Time Since 1998

Cash, Calculator, Pen

(Moscow Times – themoscowtimes.com – February 10, 2016) The spending of Russians exceeded their income in 2015 for the first time in 18 years, the Kommersant newspaper reported Wednesday, citing the Center of Macroeconomic Analysis and Short-term Forecasting. According to the Rosstat state statistics service, the expenditures of Russians exceeded their revenues by 418 billion rubles ($5.3 billion). In 2014, […]

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State Statistics Show Flat Unemployment, Survey Paints Different Story

Russian Migrant Workers file photo

(Moscow Times – themoscowtimes.com – August 20, 2015) Despite unemployment levels remaining relatively consistent in the first six months of 2015, more Russians are seeing close friends and family members losing their jobs than in January, according to survey data released by a Russian polling center on Tuesday. According to Russian state statistics agency Rosstat, in January the levels of […]

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