Support The Moscow Times!

Moscow's Average Salary to Exceed 70,000 rubles by 2016

The capital's average salary is expected to exceed 70,000 rubles ($2,121) by 2016, the Moscow department for economic policy and development said Wednesday, citing its forecast for the next two years.

Maxim Reshetnikov, head of the department, said that the average salary would top 60,000 rubles by 2014, Interfax reported. Reshetnikov also predicted that unemployment among the economically active population would drop to a historical low of 0.5 percent in 2014, decreasing even further to 0.14 percent by 2016.

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.