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 (2018 est.), while the inflation rate (CPI) is 2.4% for Russia as at May 2018. For a single Expat, the personal income tax rate in Russia is a flat rate of 13%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Nizhny Novgorod, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Nizhny Novgorod as at 1 July 2018 is average in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Average 2) Clothing: Very High 3) Communication: Very Low 4) Education: Very Low 5) Furniture & Appliances: Very High 6) Groceries: High 7) Healthcare: Average 8) Household Accommodation: Average 9) Miscellaneous: High 10) Personal Care: Low 11) Recreation & Culture: Average 12) Restaurants Meals Out and Hotels: High 13) Transport: Very Low Nizhny Novgorod is for example 41.8% more expensive than Houston TX for groceries, 34.7% more expensive for household costs than Kuala Lumpur, and -27.7% cheaper for transport costs than Dubai. The hardship premium for Nizhny Novgorod for an expat from Perth, is for example 20%, i.e. host location (Nizhny Novgorod) premium of 30% minus home (Perth) location premium of 10%. Nizhny Novgorod is ranked as a high degree of hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Nizhny Novgorod? Register subscribe to your home location and Nizhny Novgorod and run your personalised reports.