Russia drops slightly in the Doing Business 2017 rankings
Russia drops slightly in the Doing Business 2017 rankings The World Bank’s latest business environment survey ranks Russia 40th out of 190 countries. Russia’s current ranking puts it on par with Bulg...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Firms with foreign ownership cutting back operations in Russia
Firms with foreign ownership cutting back operations in Russia Large and mid-sized firms with at least some share of foreign ownership reduced their personnel more than other firms over the past year...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Economic contraction has slowed down in Russia’s regions
Economic contraction has slowed down in Russia’s regions An on-year drop in retail sales was seen in nearly all of Russia’s federal districts in the first half (but less than in January-June 2015). I...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s share of global investment falls sharply
Russia’s share of global investment falls sharply The latest report from the UN agency UNCTAD finds that the flow of foreign direct investment into Russia last year slowed substantially to just $10 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s public sector planning a shift to domestic software
Russia’s public sector planning a shift to domestic software At the end of July, prime minister Dmitri Medvedev approved a plan aiming at the federal administration renounce foreign computer software...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
IMF repeats its calls for Russia to implement economic reforms
IMF repeats its calls for Russia to implement economic reforms A report on the IMF’s annual Article IV consultations with Russia states that Russian GDP is expected to contract 3.4 % this year and t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Several hundred firms in Finnish ownership in Russia
Several hundred firms in Finnish ownership in Russia The latest figures from Statistics Finland show 380 subsidiaries of Finnish firms operating in Russia in 2013. The net sales of Finnish subsidiar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s current account surplus persists, outbound capital flow diminishes
Russia’s current account surplus persists, outbound capital flow diminishes Preliminary balance-of-payments figures show that Russia’s current account surplus amounted to nearly $20 billion in the se...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia spending oil funds in the first half
Russia spending oil funds in the first half Over the past decade, Russia has accumulated tax revenue from oil and gas export earnings in two state funds. The Reserve Fund is used to fund fiscal defi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Forecasters slightly improve their Russia forecasts for this year
Forecasters slightly improve their Russia forecasts for this year In May and June, a number of authorities, including Russia’s economy ministry, the Central Bank of Russia, the IMF, the World Bank, ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia drops to sixth place among Finnish export markets
Russia drops to sixth place among Finnish export markets After falling for a couple years, Finland’s exports to Russia decreased by an additional third on-year in January-March to €700 million. In th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s foreign trade collapsed in the first quarter
Russia’s foreign trade collapsed in the first quarter The value of goods exports plunged 28 % y-o-y, mainly on lower export prices. Export volumes of many products, in fact, increased. Crude oil expo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia launches its own national card payment system
Russia launches its own national card payment system Russia moved ahead with its own card payment system after Visa and MasterCard blocked payment processing for US-sanctioned Russian banks amidst th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Covid-19 cases continue to rise in Russia, consumers increasingly cautious
Russia Covid-19 cases continue to rise in Russia, consumers increasingly cautious The number of confirmed coronavirus cases in Russia has climbed steadily since early September. In the first days of...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Central Bank of Russia keeps its key rate unchanged
Russia Central Bank of Russia keeps its key rate unchanged At its meeting on October 23, the CBR decided to keep the key rate unchanged at 4.25 %. The decision was in line with market analyst e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia’s invasion also causing economic damage to Ukraine
Russia,Ukraine Russia’s invasion also causing economic damage to Ukraine The waste and destruction of Russia’s unprovoked attack on Ukraine includes harm to an economy that was just emerging from th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia rolls out various measures in response to Western sanctions
Russia Russia rolls out various measures in response to Western sanctions Russia has responded to Western sanctions by restricting exports of goods in order to both mitigate harm to Russia and ampli...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia was Finland’s sixth-largest export market in 2021
Russia was Finland’s sixth-largest export market in 2021 Preliminary figures from Statistics Finland show that the value of Finland’s exports of goods and services to Russia last year amounted to 4.4...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia posted good economic growth in 4Q21; manufacturing particularly strong
Russia Russia posted good economic growth in 4Q21; manufacturing particularly strong Russia’s economy ministry released estimates for the recovery of GDP from the 2020 recession. In the fourth quart...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Central Bank of Russia tightens its monetary policy
Russia Central Bank of Russia tightens its monetary policy To tame high inflation, the Central Bank of Russia (CBR) on February 11 raised its key rate by 100 basis points to 9.5 %. The rate hik...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022