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The authorities did not find employers willing to switch to a four-day work week

Deputy Minister of Economic Development of the Russian Federation Petr Zaselsky said at the National Championship of Cross-cutting Workers in High-Tech Industries that the initiative to switch to a four-day workweek has not yet found support at any enterprise in the country. Recall that in September of this year, Russian Prime Minister Dmitry Medvedev proposed...
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Key rate reduced to 6.5%

The CBR has lowered its key rate from 7% to 6.5% per annum. According to the decision of the regulator’s board of directors, the new key rate will be applied from October 28, 2019. The CBR said that the key rate cut is associated with a slowdown in inflation, which is faster than previously forecasted. Inflationary expectations...
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