US imposes new sanctions on Russia
Russia US imposes new sanctions on Russia At the beginning of August, president Donald Trump signed an executive order preventing United States financial institutions from participating in new issue...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia continues to accumulate foreign currency reserves
Russia Russia continues to accumulate foreign currency reserves The CBR’s foreign currency and gold reserves have grown quickly this year. As of August 1, the reserves stood at about 520 billio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia posts tepid first-half growth
Russia Russia posts tepid first-half growth Although Russian GDP grew by over 2 % last year, the pace of growth slowed to just 0.5 % in the first quarter of this year (BOFIT Weekly 21/2019). Ne...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Central Bank of Russia lowers key rate
Russia Central Bank of Russia lowers key rate On June 14, the Central Bank of Russia, as markets anticipated, lowered the key rate by 25 basis points. The key rate is now 7.5 %. The CBR said their d...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Venezuela causes headaches for China and Russia
China,Russia Venezuela causes headaches for China and Russia Amidst Venezuela’s catastrophic economic crisis and political impasse, opposition leader Juan Guaidó declared himself interim presid...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Consumer price inflation accelerated in Russia
Russia Consumer price inflation accelerated in Russia The year-on-year change in consumer prices picked up in December to 4.3 %. In early autumn, consumer price inflation was running at 3.5...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Retirement age hike approved in Russia
Russia Retirement age hike approved in Russia On September 27, the Duma, the lower house of the parliament, approved the third reading of a bill to raise the general retirement age by five year...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia's public finances in overall balance
Russia Russia's public finances in overall balance Revenues to the consolidated budget (federal, regional and local budgets plus state social fund budgets) increased by over 15 % y‑o‑y in the fi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia approves laws establishing domestic tax havens
Russia Russia approves laws establishing domestic tax havens Under a package of new laws, Russia will establish special administrative zones on Russky Island next to Vladivostok and on Oktyabrsky Is...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Changes is Russia's currency reserve composition
Russia Changes is Russia's currency reserve composition Russia's gold and foreign currency reserves have grown notably since early 2017. They stood at nearly $460 billion at the end of May. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia's economic recovery stumbles again
Russia Russia's economic recovery stumbles again The Russian economy performed at least slightly better in the first quarter ofthis year overall compared to the halt of growth in the second half...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia's fiscal sector strengthened in 2017
Russia Russia's fiscal sector strengthened in 2017 Russia's fiscal sector strengthened in 2017 Consolidated budget revenues (federal, regional and municipal, plus social funds) increased by...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia loses more educated people than receives
Russia Russia loses more educated people than receives Russia loses more educated people than receives The Gaidar Institute recently published a review on migration of educated people in Russia. Re...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Concerns over Russia's regional budget deficits
Russia Concerns over Russia's regional budget deficits Regional budgets (consolidated budgets of the regional and local levels) represent slightly over a third of Russia's government-sector ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Consumption down across Russia in 2015
Consumption down across Russia in 2015 Retail sales volumes fell 8–13 % in six of Russia’s federal districts, a significantly larger drop than in the 2009 recession. Of Russia’s 83 administrative re...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia discusses caps on oil production
Russia discusses caps on oil production The energy ministers of Russia and Saudi Arabia, the world’s two largest crude exporters, met last week with representatives from Kuwait and Venezuela. They ag...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia behind China in most international comparisons
Russia behind China in most international comparisons The latest World Economic Forum (WEF) Global Competitiveness Report 2015-16, which rates competitiveness among 140 countries, ranks Russia 45 and...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s foreign debt remains unchanged
Russia’s foreign debt remains unchanged The Central Bank of Russia estimates that Russia’s foreign debt stood at nearly $560 billion (30 % of GDP) as of end-June. Russia’s second-quarter foreign deb...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia resumes TIR freight customs arrangement
Russia resumes TIR freight customs arrangement Goods shipments under the TIR treaty (Transports Internationaux Routiers or International Road Transport) enjoy expedited treatment at border crossings...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Real wages continue to slide in Russia
Real wages continue to slide in Russia Real wages declined in the fourth quarter of 2014 – the first time this has happened since the 2009 recession. The decrease has continued this year. For Januar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015