Firms with foreign ownership cutting back operations in Russia
Firms with foreign ownership cutting back operations in Russia Large and mid-sized firms with at least some share of foreign ownership reduced their personnel more than other firms over the past year...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Economic contraction has slowed down in Russia’s regions
Economic contraction has slowed down in Russia’s regions An on-year drop in retail sales was seen in nearly all of Russia’s federal districts in the first half (but less than in January-June 2015). I...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s share of global investment falls sharply
Russia’s share of global investment falls sharply The latest report from the UN agency UNCTAD finds that the flow of foreign direct investment into Russia last year slowed substantially to just $10 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s public sector planning a shift to domestic software
Russia’s public sector planning a shift to domestic software At the end of July, prime minister Dmitri Medvedev approved a plan aiming at the federal administration renounce foreign computer software...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Presidents of Russia and Turkey try to repair economic relations
Presidents of Russia and Turkey try to repair economic relations Russia-Turkey relations cooled substantially last November after Turkey shot down a Russian fighter jet. Russia’s retaliatory measures...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia has yet to see clear upturn in business cycle
Russia has yet to see clear upturn in business cycle Key economic indicators for June and July failed to show a distinct uptick in the Russian economy, even if positive growth is clearly taking hold ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
EU and Russia decide to keep sanctions in place
EU and Russia decide to keep sanctions in place The EU last week decided to continue sanctions on Russia through January 31, 2017. These sanctions were first imposed on August 1, 2014 in response to ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Despite unprecedented budget-cutting, Russia posts large government deficits
Despite unprecedented budget-cutting, Russia posts large government deficits Revenues to the consolidated government budget (includes federal, regional and municipal budgets plus state social funds) ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia tightens measures to slow spread of coronavirus
Russia Russia tightens measures to slow spread of coronavirus Russia’s restrictions were moderate still in March but have been now tightened considerably with the rise in COVID-19 cases. President V...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia’s inflation tick-up may be fairly transient
Russia Russia’s inflation tick-up may be fairly transient In March, 12-month consumer price inflation remained rather moderate at 2.5 %. However, the month-on-month inflation accelerated to 0.6...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
BOFIT forecasts economic contraction in 2020 for Russia
BOFIT forecasts economic contraction in 2020 for Russia Our latest outlook for the Russian economy is far gloomier than our previous forecast from last October, due to the recent collapse in oil pric...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Finnish exports to Russia may be closing the bottom
Finnish exports to Russia may be closing the bottom The value of goods exports in January-March was €600 million, or 14 % less than in the same period a year earlier. Exports were at their lowest qua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia pension terms will tighten gradually for certain government workers
Russia pension terms will tighten gradually for certain government workers A recent change in the law affects those with official posts mainly in administration at federal, regional and municipal lev...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s finance ministry issued a new eurobond
Russia’s finance ministry issued a new eurobond This week Russia issued sovereign dollar-denominated eurobonds for the first time since 2013. The bond offering was seen as a means to feel out investo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s recession has slightly reduced income differences
Russia’s recession has slightly reduced income differences Rosstat reports a narrowing of income disparity a bit similar to that seen in the 2009 recession. Nominal incomes in 2015 per family member...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s defence industry still enjoying strong growth
Russia’s defence industry still enjoying strong growth Information collected from multiple sources indicates that Russia’s defence industry production rose about 13 % in 2012 and nearly 20 % a year i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Accounts Chamber of Russia criticizes special economic zones
Accounts Chamber of Russia criticizes special economic zones An investigation by the Accounts Chamber of Russia (ACR) finds that special economic zones (SEZs) have given only little support to the ec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s working-age population continues to decline despite immigration
Russia’s working-age population continues to decline despite immigration Rosstat estimates that Russia’s population at the start of 2016 was 146.5 million people. This includes the addition of the 2....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s banking laws now meet Basel III criteria
Russia’s banking laws now meet Basel III criteria The Basel Committee for Banking Supervision, which operates under the Bank for International Settlements, reports that Russia is compliant with the B...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
High demand for Russia’s Deposit Insurance Agency funds
High demand for Russia’s Deposit Insurance Agency funds Some 838 banks currently participate in Russia’s deposit insurance scheme. The arrangement covers the deposits of a private individual up to 1....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016