Russia’s central bank lowers key rate and revises forecasts downwards
Russia Russia’s central bank lowers key rate and revises forecasts downwards On September 6, the Central Bank of Russia’s board of directors again lowered the key rate by 0.25 percentage points...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
IMF Article IV consultation reiterates calls for Russia to maintain economic stability and move on reforms
Russia IMF Article IV consultation reiterates calls for Russia to maintain economic stability and move on reforms The International Monetary Fund (IMF) reports that Russian GDP grew by 0.5 % a&...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia moves its large excess oil tax revenues from 2018 into the reserve fund
Russia Russia moves its large excess oil tax revenues from 2018 into the reserve fund The finance ministry deposited over 65 billion dollars (equal to about 4 % of GDP) in the National Wel...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia tries to promote the ruble by easing the repatriation requirement for export earnings
Russia Russia tries to promote the ruble by easing the repatriation requirement for export earnings The fresh law amendment applies to ruble-denominated export contracts, where the contracts also ca...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Significant economic differences across Russia’s cities with populations of more than one million
Russia Significant economic differences across Russia’s cities with populations of more than one million Russia has 16 cities with more than a million inhabitants. The five biggest cities after Mosc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s contribution to global oil, gas and coal production held steady last year
Russia Russia’s contribution to global oil, gas and coal production held steady last year British Petroleum’s (BP) latest issue of its Statistical Review of Global Energy finds that Russia accounted...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s central bank raises its key rate to 18 % on inflation concerns; key rate now expected to remain high for a longer time
Russia Russia’s central bank raises its key rate to 18 % on inflation concerns; key rate now expected to remain high for a longer time The Central Bank of Russia’s board of directors decided at its ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Low oil prices due to weakened global economic prospects could weigh on Russia’s economic development next year
Russia Low oil prices due to weakened global economic prospects could weigh on Russia’s economic development next year The price of crude oil has fallen in recent months as the prospects for economi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Russia’s government spending soars while war and sanctions caused various government sector revenue categories to tumble
#Russia Russia’s government spending soars while war and sanctions caused various government sector revenue categories to tumble Russia’s downward slides in the economy and imports since its delusio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Rising investment in Russia slows economic slide, but sees increased role of state-owned enterprises and the government
#Russia Rising investment in Russia slows economic slide, but sees increased role of state-owned enterprises and the government Real growth in fixed investment exceeded 3 % y-o-y in the third q...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
IMF anticipates significant slowdown in global growth next year; Russia’s recession likely to be milder than earlier expected
Russia IMF anticipates significant slowdown in global growth next year; Russia’s recession likely to be milder than earlier expected The IMF’s latest World Economic Outlook predicts that the world e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
IMF estimates that the government sector and public sector firms account for a third of Russia’s GDP
Russia IMF estimates that the government sector and public sector firms account for a third of Russia’s GDP The International Monetary Fund seeks to clarify the interpretation of the figure of 70 % ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Finland at 100: Finnish-Russian trade recovering, while Russia's share of exports is low compared to history
Russia Finland at 100: Finnish-Russian trade recovering, while Russia's share of exports is low compared to history Finland at 100: Finnish-Russian trade recovering, while Russia's share of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Partial release of balance-of-payments data gives general picture of Russia’s import decline and large capital outflows
Russia Partial release of balance-of-payments data gives general picture of Russia’s import decline and large capital outflows After a several months’ pause, the Bank of Russia released balance-of-p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Latest BOFIT forecast for Russia sees GDP contracting by 10 % this year with imports down by half
Russia,forecast Latest BOFIT forecast for Russia sees GDP contracting by 10 % this year with imports down by half Russia’s unprovoked attack on Ukraine has plunged the Russian economy into unce...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Surveys published by Russia’s Commissioner for Entrepreneurs’ Rights show low confidence in safety of the local business environment
Russia Surveys published by Russia’s Commissioner for Entrepreneurs’ Rights show low confidence in safety of the local business environment Russia’s Commissioner for Entrepreneurs’ Rights (biznesomb...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Number of passenger cars on the road in Russia rises from 26 million to 45 million in just ten years
Number of passenger cars on the road in Russia rises from 26 million to 45 million in just ten years In 2005, there were just 180 cars per 1,000 people in Russia. Since then, the number of cars has r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia plans to increase government revenues in the next few years without hikes in large general taxes
Russia plans to increase government revenues in the next few years without hikes in large general taxes In the draft 2017‒2019 federal budget submitted to the Duma, the finance ministry computed that...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
At close to $600 billion, Russia holds the world’s fourth-largest foreign currency and gold reserves
Russia At close to $600 billion, Russia holds the world’s fourth-largest foreign currency and gold reserves At the end of 2020, the value of Russia’s total international reserves, including gold, am...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Government sector revenues in Russia have turned to rise, spending growth still brisk even if strong stimulus behind
Russia Government sector revenues in Russia have turned to rise, spending growth still brisk even if strong stimulus behind The consolidated budget, which comprises federal, regional, municipal and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021