Small recovery in Finnish exports to Russia
Russia Small recovery in Finnish exports to Russia Finnish goods exports to Russia rose by 28 % y-o-y in 3Q19. Much of the growth came from gas pipeline deliveries to the Nord Stream 2 project....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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
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
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
Big differences across sectoral contractions in Russia
Russia Big differences across sectoral contractions in Russia Russia’s economy ministry reports that June GDP was down by nearly 5 % on year while April GDP had been down by nearly 3 % whe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Banking sector conditions stabilise in Russia
Russia Banking sector conditions stabilise in Russia With the invasion of Ukraine in February 2022, fears of new sanctions and increased general censorship have caused a scarcity in data on banking ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia prepares to raise public sector wages
Russia prepares to raise public sector wages Russia prepares to raise public sector wages President Vladimir Putin recently proposed that wages funded out of public sector budgets should be raised a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia and Turkey limit bilateral food trade
Russia and Turkey limit bilateral food trade In mid-March, Turkey ceased allowing duty-free imports of certain food items from Russia. Wheat and corn imports from Russia were the most affected items....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Prices continue to soar in Russia
Russia Prices continue to soar in Russia Consumer prices have skyrocketed since Russia’s invasion to Ukraine last month. Import prices shot up with the ruble’s collapse. Prices of many food items ha...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Western countries impose more sanctions on Russia
Russia Western countries impose more sanctions on Russia Over the past two weeks, the US, EU and UK have expanded their sanctions regime against Russia (for earlier sanctions, see BOFIT Weekly 9/202...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia sanctions affecting China as well
China,Russia Russia sanctions affecting China as well In the first two weeks after Russia’s unprovoked invasion of Ukraine, China sought to strike a balance with both sides in its political statemen...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia drops in TI corruption rankings
Russia drops in TI corruption rankings The 2016 Corruption Perceptions Index published by Transparency International (TI), downgraded Russia's position in the rankings from 2015. This was mostly ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Finland’s exports to Russia shrank further
Finland’s exports to Russia shrank further The value of Finnish goods exports to Russia was down 8 % y-o-y in 3Q16, and down 3 % y-o-y for September. Machinery & equipment and chemicals form the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Bleak outlook for Russia’s government finances
Bleak outlook for Russia’s government finances In its fresh budget policy framework for 2017‒2019, the finance ministry sees revenues to the consolidated budget (federal, regional and municipal budge...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
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
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
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