The average nominal accrued wage in Russian Federation amounts 31 537 RUR per one employee for the first half of 2014. It increased on 9,4% in comparison with the corresponding period of 2013. Quite significant growth was neutralized by inflation developments in the economy, which gathered pace under influence of complex geopolitical environment in Ukraine and sanctions policy. As a result, the real surplus of wages occurred to be much lower – just 1,9%.

Customarily, the highest wage was registered in the regions situated in the Russia’s Far North, regions rich in natural resources and in capitals. Most of all in Russia is earned by the residents of Yamalo-Nenets Autonomous Area – RUR 76 484 per month. In the regional rating Moscow is in the 4th place (RUR 58 896 per month), Saint Petersburg – in the 13th place (RUR 38 937 per month). Despite the best wages growth rates in Saint Petersburg, the capital of the North turned out to be in the same place as Moscow (adjusted for inflation), where the actual wage increased on 1% in the annual quantities.

However, there are regions where inflation outgrew the increase of wages. Among these regions are: Pskov region (the actual wage decreased on -3,3%), Vologda region (-2,3%), Kemerovo region (-1,7%), Magadan region (-1,1%) and Kaluga region (0,2%).

The maximum of the wages increase was in the region with the lowest labor expense – Republic of Dagestan (+10,3%). This fact is explained by minimal inflation indicator.

In relation to the new regions of Russian Republic of Crimea (RUR 11 203 per month) and Sevastopol (RUR 11 670 per month), it is difficult at the moment to speak about influence of inflation. The conversion period will for some time exert its own influence. However, according to country’s top leadership, the significant increase of wages to average Russian rate is expected in the short time.

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This initiative, as expected, will be submitted to the Parliament of the RF in a short time.

Many clients of banks were already able to appreciate the main advantage of such securities – they make it possible to convert funds to one document, which can be transferred to any persons, inherited by any persons, as well as allows to gain fixed income at the rate specified by a bank. The main advantage – it is easy to transport and handle, especially if a converted sum is large. In cases when you need to make a monetary transaction at an early date, for example, in the estate market (without waiting for a transfer or additional bank commissions) - this financial instrument will prove its value.

Today the savings certificates (paper security, which verifies that a sum is placed on deposit in a bank) can be registered, i.e. according to this certificate, only (s)he, who has it executed, can get funds, and to a bearer – with an opportunity to transfer paper to other persons.
The main disadvantage of the savings certificate to a bearer – it is not secured by the deposit insurance system (DIS), and if it will be lost or stolen, it won’t be possible to recover funds on it, because there is no evidence-based mechanism, proving that exactly you were the owner of this certificate. Moreover, if a bank provided the certificate will be revoked a license – to refund money mentioned in it will be also impossible.

The Ministry of Finance offers to keep in circulation only registered savings certificates, which are given in documentary form and obligatory deposited. Only a natural person can be the owner of such paper. All registered certificates are included in the DIS.

Such bill is not groundless. In spite of that registered certificates are less attractive for clients, because they have reduced rates, the risk level with the circulation of certificates to a bearer is very high.