BOFIT Forecast for Russia 2024-2026 / 2
<p>The latest forecast from BOFIT, the Bank of Finland’s Institute for Emerging Economies, sees Russian economic growth this year exceeding its previous estimate made last April. The higher 2024...
Bofit.fi / Bofit homepage / BOFIT / News / 2024
Finnish exports to Russia slackened last year
Russia Finnish exports to Russia slackened last year The trend in Finnish-Russian trade last year reflected Russian foreign trade generally. Due in part to ruble depreciation, Russians cut back on t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s goods trade stays rather flat
Russia Russia’s goods trade stays rather flat . According to Russian customs service, the dollar value of Russian goods imports in the second quarter declined by 3 % y-o-y. The earlier sha...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s economic growth remained slow
Russia Russia’s economic growth remained slow The preliminary Rosstat figure shows Russian second-quarter GDP growth was 0.9 % y-o-y. When combined with first-quarter GDP growth of 0.5 %, first...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia and Belarus discuss deeper economic integration
Russia Russia and Belarus discuss deeper economic integration At the beginning of September, Russian Prime Minister Medvedev and Belarusian Prime Minister Rumas signed an action plan on creating a r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia tries to strengthen import substitution policy
Russia Russia tries to strengthen import substitution policy In February, Russia’s ministry of industry and trade released a draft decree which would limit public procurement. The decree would requi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Bank of Russia cuts key rate again
Russia Bank of Russia cuts key rate again Last Friday (Dec. 13), the Central Bank of Russia board of directors decided to cut the CBR key rate by 25 basis points to 6.25 %. The CBR said th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
BOFIT Forecast for Russia 2023-2024 / 1
Russia,forecast BOFIT Forecast for Russia 2023–2024 is published Russia’s unprovoked invasion of Ukraine and the economic sanctions imposed on Russia drove the Russian economy to the verge of crisis...
Bofit.fi / Bofit homepage / BOFIT / News / 2023
BOFIT Forecast for Russia 2022–2023 / 1
Russia,forecast,Ukraine BOFIT Forecast for Russia 2022–2023 is published Russia’s war on Ukraine is hurting the Russian economy. In light of instability and uncertainty in Russia, increased internat...
Bofit.fi / Bofit homepage / BOFIT / News / 2022
Russia brings in a hearty harvest
Russia Russia brings in a hearty harvest Two years ago weather conditions were very good, but last year heat and drought reduced the harvest. This year weather was again rather favourable. Harvests ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
BOFIT Forecasts for Russia and China 2019-2021
Russia,China,forecast BOFIT Forecasts for Russia and China 2019–2021 Russia Russia’s high growth last year was spurred by transient factors, and growth is expected to subside to lower levels this ye...
Bofit.fi / Bofit homepage / BOFIT / News / 2019
Central Bank of Russia lowers key rate
Russia Central Bank of Russia lowers key rate Last Friday (Oct. 25), the Central Bank of Russia lowered its key rate by 50 basis points. The new key rate is 6.5 %. The CBR board noted that 12-m...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
BOFIT Forecasts for Russia and China 2020-2022
Russia,China,forecast BOFIT Forecasts for Russia and China 2020–2022 Russia We have reduced substantially our forecast for Russian GDP growth to -1 % for this year due to notably lower commodit...
Bofit.fi / Bofit homepage / BOFIT / News / 2020
Sharp drop in births in Russia
Russia Sharp drop in births in Russia Therewere fewer than 1.7 million live births in Russia last year, a drop of 200,000 births from 2016. Last time such a drop in births was seen in early 1990s af...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia depletes its second oil fund
Russia Russia depletes its second oil fund The remaining assets of the Reserve Fund, about 17 billion dollars (1 trillion rubles) were allocated in December to cover the federal budget shortfall. As...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia posts uneven economic performance in September
Russia Russia posts uneven economic performance in September Russia posts uneven economic performance in September On the consumption side, the recovery seemed to strengthen, with retail sales risi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Finland’s trade with Russia has collapsed
Russia Finland’s trade with Russia has collapsed The value of Finnish goods exports to Russia in September fell by 76 % y-o-y to just 80 million euros. It was the lowest value in exports to Rus...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Employment in Russia has continued to rise
Russia Employment in Russia has continued to rise Rosstat’s second-quarter labour force survey finds that the number of employed persons rose further on-year despite the economic downturn. On the ot...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Significant weakening of Russia’s government finances
#russia Significant weakening of Russia’s government finances Budget revenues declined while spending still increased even after a pull-back Russia’s government budget revenues have slipped in recen...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Sanctions on Russia further tightened in June
Russia Sanctions on Russia further tightened in June The European Union, United States and United Kingdom expanded their economic sanctions on Russia in June. The new round of sanctions are intended...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024