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It’s a known fact that in Russia people love listening to and sometimes watching live music. That’s why there are very active media channels dedicated to promotion of all kinds of performers, be it singers, dancers, guitarists, drummers, and so on. Although some people still think that music popularity in Russia is restricted to pop hits from decades ago (for example, the song “Sensation” by Queen or hits of The Beatles), more and more people of all ages regularly attend shows of contemporary rock-bands, sing karaoke and perform at talent shows.

Do Russians own businesses?

As a rule, Russian-owned business receives a more or less cautious, but stable profit. Different from the western businessmen, who are focused on the final turnover of their products, the Russians tend to make a bureaucratic research about the market of the country: what will the demand for this product be? What will be its resale value? Where and how to sell? How to organize the advertising, taxes and legal aspects of their business? Moreover, Russian businessmen tend to do small but regular monthly revenue revenue, while the western businessmen prefer to have big budget businesses. In other words, selling seafood or other goods in the Russian market has to be more organized and time-consuming than in the US or the EU.

How do Russians do business?

The development of business in Russia went through several stages of development. According to traditions, only family members and close friends could enter into business, especially in the countryside. After 1917, institutions for organizing business activities appeared: The Union of Merchants and Manufacturers, which later transformed into industrial and trade associations. For many people, in terms of age, it’s very difficult to put into words the true impact of the First World War on Russian society. All the years of military passivity, as well as the accompanying hardships – increased unemployment, the mass death of young men, and the collapse of so many self-sufficient small regional communities – had unprecedented effects. This was the time when the first medium-sized production units, specialty shops, and large-scale trade companies appeared. A branch of the Large Commerce Bank (later known as the Committee on Reconstruction) was created to support the small commercial sector; it served as the only source of inexpensive credit for small and medium-sized businesses.

How much is salary in Russia?

Salary in Russia. How much are salaries in Russia and how does it compare to other countries? How much does the cost of living affect salaries in Russia? Find out the answers to these questions and more in this complete guide about salaries in Russia, including average salary in Russia, different salaries in cities like Moscow and Saint Petersburg, cost of living in Russia, and how much should you save for retirement.

How do Russian get paid?

Although it might seem that there are all sorts of vague and shifting rules about how Russian get paid , the basic framework is clear: money in Russia is controlled by an extremely powerful financial elite. Outside of this group, most Russians are either too poor to matter or are actively suppressed. For self-employed, this is how Russian get paid: In general, around 80% of income comes when you work. For the rest, there are basically two ways, which, carefully combined, can provide around 20% to 60% of your income. These are the withdrawal of retirement funds and the capital for a second home. Withdrawals of the state pension fund In Russia , it is easy to withdraw all your retirement savings: between 30% and 40% of your first pension, i.e., the money you receive to cover basic expenses in the first years from retirement.

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