2015 Crisis in Russia: Provincial Notes
For some years I have been living in Balakhna, a small town 30 km from Nizhny Novgorod. We moved here in the good 2012 year. So, now Russia is in crisis, and here you can read how it goes here: no statistical figures, just real-life observations. If we turn away from unemployment rates and listen to street talk, we might learn that there are two economic mainstays in the town, and one of them is on the edge of bankruptcy — I mean the Balakhna paper mill (JSC Volga), one of Russia's largest newsprint producers. Current owners found an investor who said that the deal would be made if the stuff didn't exceed 200 persons. So 850 people were fired. It happened quietly, with no signs of panic or buzz in the media. I don't know if the rumor was true. There's a news saying nothing about the acquisition of the factory and promising that people would be hired back later. The other company is a military plant. A year ago it got a significant increase in orders (it happened afte...