Russian residential real estate developer Etalon said Tuesday that it expected new contract sales to decline by no more than 30 percent this year.
First-quarter new contract sales fell 58 percent to 3.8 billion rubles ($73.2 million) after a buying spree in the fourth quarter of 2014 caused by the ruble depreciation. The company said that sales in the first quarter last year were also much higher than in previous years.
… we have a small favor to ask.
As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.
We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.
Continue
