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
Russia’s fixed investment structure continued to shift last year
Russia’s fixed investment structure continued to shift last year After declining 1.5 % in 2014, the volume of fixed capital investment in the Russian economy declined by over 8 % last year. Rosstat e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Finland’s trade with Russia declined sharply last year
Finland’s trade with Russia declined sharply last year The contraction reflects mainly lower oil prices, weak Russian demand and the ruble’s devaluation. EU-imposed sanctions on trade with Russia hav...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Sanctions continue to overshadow Russia’s relations with the West
Russia Sanctions continue to overshadow Russia’s relations with the West In the months following Russia’s annexation of the Crimean peninsula in spring 2014, the EU, US and several other Western cou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
OPEC and Russia agree on further cuts in oil production
Russia OPEC and Russia agree on further cuts in oil production Over the past three years, Russia has worked closely with OPEC members in a number of voluntary agreements to restrain crude oil produc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia commences pipeline transmission of natural gas to China
Russia Russia commences pipeline transmission of natural gas to China On Monday (Dec. 2), presidents Vladimir Putin and Xi Jinping celebrated the commissioning of the Power of Siberia natural gas pi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Capital amnesty law put to a test in Russia
Russia Capital amnesty law put to a test in Russia With many Russians believed to have moved assets out of the country to avoid taxes or hide wealth from the authorities, the government introduced a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s foreign debt increased slightly this year
Russia Russia’s foreign debt increased slightly this year At the end of September, Russia’s foreign debt amounted to 470 billion dollars, including about 60 billion dollars in short-term debt. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s large federal budget surplus begins to shrink
Russia’s large federal budget surplus begins to shrink Despite the third-quarter reversal, the federal budget surplus for the last 12-month period still amounted to nearly 3 % of GDP. The turn reflec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
OPEC and Russia agree to keep production pact in place
Russia OPEC and Russia agree to keep production pact in place At the end of 2016, Russia agreed with OPEC and a number of other oil-producing countries on a regime of voluntary production ceilings t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
FDI inflows to Russia remain at low levels
Russia FDI inflows to Russia remain at low levels The net flow of inward foreign direct investment to Russia contracted slightly last year to $28 billion. In 2016, FDI numbers were boosted by the sa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018