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June 14, the World Cup 2018 starts in Russia. In 2013-2018, the official costs for its preparation amounted to 683 billion rubles (about 13.2 billion USD): 39% - sports infrastructure, 33% - transport infrastructure, 17% - operating costs for the organization, 11% - other infrastructure (housing, medical, energy). In March 2018, according to Rosstat, the lowest average wages in Russia were in the manufacture of clothes (18,679 rubles - about 300 USD per month), leather goods (21,566), furniture (21,935). The highest wages were in the production of crude oil and natural gas (127,431), tobacco products (115,367), petroleum products (114,264). According to World Urbanization Prospects 2018 of the United Nations, by 2050, the population of Russia will be about 132.7 million people, of which 110.6 million - in cities (83.3%). The rural population will decrease from 36.7 to 22.1 million. In 2017, the population of Russia was 144.5 million. The European Bank for Reconstruction and Development has worsened the economic forecast for Russia's GDP growth. In 2018 and 2019, the growth rate of the Russian economy will remain at the level of 2017 - about 1.5%. The main risks are the same and related to oil prices, the lack of business reforms and geopolitical tensions. In March 2018, according to the Central Bank of Russia, the average rate on mortgage housing loans in rubles reached a record low - 9.64%. In total, 118,700 loans were granted for 234.7 billion rubles. Thus, on average, one loan amounted to 2 million rubles (33,000 USD). In 2017, mortgage rates in Russia for the first time fell below 10%. More notes from Russia »
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Featured Russian city: Derbent


Derbent, Russia

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