life in Russia

Free health care for Russians?

High-tech medical care in Russia will be financed from the federal budget, it was in place in the draft budget and planned to be carried out in the 2020/21 period, Russia's Deputy Prime Minister Tatyana Golikova …

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Russia's VAT rate hike bill passed in second reading

Russia’s State Duma passed the bill on raising value-added tax (VAT) to 20% from 18%, starting from 2019, in the second reading today.  The insurance contributions are currently paid in full at a rate of 30% for an …

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Russia's pension reform to be adopted in first reading

Accounts Chamber of Russia has found several shortcomings in the government’s bill on raising the retirement age, while having no conceptual remarks to the document, according to the letter to the Chairman of the Duma Committee on …

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Russians go bankrupt on massive scale

In January-June 2018, 19053 citizens were declared bankrupt by Russian courts. This is 45% more than the same period in 2017, according to the reports of arbitration managers published on the Federal Reserve (the Federal Register on …

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Putin assesses Russia's macroeconomic situation

Russian President Vladimir Putin noted surfaced positive trends of key economic indicators. He gave such an assessment during the meeting on economic issues on yesterday. "I would like to note that the …

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Russians owe banks 13.5 trillion rubles

Russian total banking debt volume increased by 26% from the beginning of this year to 13.49 trillion rubles, according to the National Rating Agency (NRA). The agency said that in the period from January to May the banks' total …

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Yarovaya law comes into force

Most of the requirements of the so-called Yarovaya package of laws for preserving user correspondence comes into force on July 1, 2018. Telecom operators, which from July 1 must keep voice messages and messages of users for 30 days, …

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Siluanov: Russia's wages to grow by 6.3% this year

Growth of the Russian economy in 2018 will reach 2.1%, real wages will grow by 6.3%, Russia's First Deputy Prime Minister Finance Minister Anton Siluanov said. "We see that inflation is falling compared to the …

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Siluanov reveals Russia's average pension payment

Russian Finance Minister Anton Siluanov said that the average monthly pension payment in Russia should grow to 20,000 rubles by 2024. He also said that the Finance Ministry has suggested providing deductions on the …

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MegaFon and VimpelCom close Euroset

Russia's two largest mobile network operators MegaFon and OJSC VimpelCom (the Beeline brand) decided to freeze the Euroset retail chains brand, MegaFon's Operating Director Anna Serebrennikova …

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Russia's government raises retirement age and VAT

Russian Prime Minister Dmitry Medvedev said the retirement age and value-added tax (VAT) will be raised in Russia.  The PM said that the Russian government proposed to raise the retirement age to 65 for men …

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Russian analogue of Skype presented

Russia's state industrial corporation Rostec has unveiled a local analogue of telecom application Skype, system AVES-S, for the government and business, Rostec said in a statement. AVES-S has a very high level of information …

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