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Novgorod is the fifth largest city in Russia. Novgorod is the economic and cultural centre of the vast Volga-Vyatka economic region, and also the administrative centre of Nizhny Novgorod Oblast and Volga Federal District. The engineering industry is the leading industry of Nizhny Novgorod economy mainly oriented towards the transportation Nizhny Novgorod is one of the centres of the IT Industry in Russia.Russia is in Northern Asia (the area west of the Urals is considered part of Europe), bordering the Arctic Ocean, between Europe and the North Pacific Ocean. The climate ranges from humid continental in much of European Russia, subarctic in Siberia, to tundra climate in the polar north.The official language is Russian. The younger generation commonly speak English, but the language barrier can be a problem with older business people and an interpreter is generally needed. French and German are the most commonly spoken languages after English. Knowledge of the Cyrillic script is essential for reading the names of streets and metro stations. The main religions are Christianity and Islam.The economy of Russia is the eighth largest economy in the world by nominal value and the sixth largest by purchasing power parity (PPP). Oil, natural gas, metals, and timber account for more than 80% of Russian exports abroad.In Russia dinners often involve a series of toasts, guests are generally expected to offer a reciprocal toast. Formal business dress is considered a sign of authority.The security risk for expatriates in Russia is medium to high, but extreme for The North Caucasus. Risks include petty crime and poor infrastructure including roads, while violent crime involving expatriates is rare. Additional risks in the North Caucasus include conflict between security forces and militants, and kidnapping.The currency of Russia is the Russian Rouble (RUB). US dollars or Euros are best for exchange in Russia at banks, hotels and airport exchange bureaux. Most hotels, restaurants and larger shops accept credit cards. ATMs are available in most major cities.Medical facilities vary but are generally good, however the cost of treatment for expatriates can be high. Air quality in Moscow can worsen in certain weather conditions.The population of Nizhny Novgorod is 1.3 Million (2019 est.), while the inflation rate (CPI) is 3.8% for Russia as at October 2019.Xpatulator Hypothetical Tax for Russia is based on the current personal income tax rate which is a flat rate of 13%.