Pressure mounts with Russian Reserve Fund running on empty

The Russian Reserve Fund will run out of money by the end of  next year, Deputy…

Rouble devaluation puts Russian salaries on par with China

The devaluation of the rouble has brought Russian salaries on par with those in China, according to a…

AvtoVAZ to cut 15,000 jobs

Troubled Russian automotive manufacturer AvtoVAZ has drawn up plans to lay off 15,000 of its 49,000-strong…

Russian productivity lowest in Europe, according to OECD

Russian productivity: The  productivity of the Russian workforce is the lowest in Europe, according to a…

Drop in remittances hurting Central Asian economies, warns EBRD

Remittances to Central Asia, Eastern Europe and the Caucasus have fallen to 2009 levels, and are…

One in nine Russians living below poverty line Deputy PM reports

15.7 million  Russians –  one in nine of the population – are living below the poverty line,…

Drop in migrant workers’ remittances hits Central Asian economies

Migrant workers: The woes of the Russian economy have begun trickling  down to those of its Central Asian…

Russian media companies facing 20% redundancies

Russian media companies: Dwindling state and advertising revenues mean that, by the government’s own estimates, Russian journalists and other…

Kazakh salaries predicted to rise on adoption of EEU

Kazakh salaries: The creation of the Eurasian Economic Union  between Russia, Kazakhstan and Belarus  trigger growth of…

Russian minimum wage to increase by 7.4%

Russian minimum wage: The Russian government yesterday approved a 7.4% increase  in the 2015 national minimum…

CIS salary chart puts Kazakhstan in second place

CIS salary chart: Workers in Kazakhstan are the second best paid in the CIS with a…

Rosneft staff cuts loom

Rosneft staff cuts: Rosneft President Igor Sechin has initiated a round of staff cuts that could…

Russian salaries grow despite economic slowdown

Russian salaries were 9% higher in June than they were in the same month last year with…

Free Russian healthcare benefits to be reduced

Free Russian healthcare: As from 2015,  the Russian Finance Ministry is proposing to charge unemployed Russians for certain medical…

Russian productivity benchmarks set

Russian productivity: In an effort to transform Russia’s oil-dependent economy into a sustainable engine of growth, the government has unveiled a series of legal…

Crimean job vacancies double

Crimean job vacancies: The number of job vacancies in Crimea has increased by almost 200% as…

Russian sanctions risk to German jobs

Russian sanctions risk to German jobs: 25,000 German jobs could be lost if further economic sanctions are…

Russian unemployment hits historic low

Russian unemployment fell by 7.1% in May, according to figures released by Rosstat this week. There are now…

Kremlin starts work on Russian job creation scheme

Russian job creation scheme: The Russian government is to start work on its massive job creation scheme…

Internal Russian immigrants flock to Moscow

Internal Russian immigrants continue to flock to the country’s Central and North-West Federal Districts, with the Volga and North Caucasus…

No fast track citizenship for property developers

Fast track citizenship: The Ministry of the Economy has decided to deny property developers and retailers (with the…

EEU to help Pavlodar attract specialists

Pavlodar: The Eurasian Economic Union will help Kazakhstan attract specialists from Russia and Belarus into Pavlodar, the city’s…

Putin turns attention to single-industry towns

Single-industry towns: Vladimir Putin is to attend a meeting next week in the Karelian capital of…

Government companies join Far East staff relocation drive

Far East staff relocation drive: Major government-controlled companies including RusHydro, Rosgeologiya and Transneft could be about…