Thursday, November 22, 2012

Putin's agenda and the cost of living in Russia

In the next 3 years the cost of utilities in Russia is expected to increase 45% (BOTH electricity and gas) and will surpass some EU countries.

The sales tax will be introduced (so Russia will have BOTH sales tax & VAT).

Property tax rate for individuals will be based on market value of RE (tenfold or more increase).

Many Russians live in multitenant apartments. Maintenance cost (which is now mainly subsidized by the government) will be included to the monthly bill starting at 2013.

Social budget expenses such as healthcare, education, culture, sport will be cut several times.

Pension (retirement checks) is expected to decrease.

This is the result of the first 6 month of Putin's brand new term.

DO NOT INVEST IN RUSSIA
GET OUT
NOW