Russian Far East: True Land of Opportunity

One hectare of land – free and clear – for any citizen of the Russian Federation

[One hectare = 2.5 acres. RV]

Alexander Galushka, Head of The Russian Far East Development Ministry, describes the Russian government’s new initiative as “hitting the bull’s eye.” The program now has almost 44,000 submitted applications. Phase Three started on February 1, 2017, and opened up the program to the general public [whereas the first two phases made the land available to the citizens of Far East only. RV]. Galushka named the three regions in most demand today: Primorie, Khabarovsk region, and Republic of Sakha (Yakutia).

Most of the applications are coming from Moscow and Moscow region, Primorie, and Khabarovsk region. Continue reading “Russian Far East: True Land of Opportunity”

New Trend in Russia: People Get Rid of Credit Cards

Кредитная карта экспресс

People are trying really hard to pay off their credit cards and stay away from them.

According to Frank Research Group, in December alone Russians cut their credit card debts by 35 billion rubles [just under 6 billion dollars. RV]; for the grand total of over a trillion rubles [170 billion dollars. RV] in 2016.

Borrowers are bashful these days. Or are they financially savvy? Continue reading “New Trend in Russia: People Get Rid of Credit Cards”