Covid-19 crisis has increased broad unemployment and part-time employment in Russia
Russia Covid-19 crisis has increased broad unemployment and part-time employment in Russia Using the methodology of the International Labour Organization (ILO), Rosstat’s latest survey of the labour...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia’s National Welfare Fund swells; CBR forex and gold reserves hit record high in August
Russia Russia’s National Welfare Fund swells; CBR forex and gold reserves hit record high in August At the end of August, the National Welfare Fund (NWF), which has been built up from taxing the ene...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
State support scheme boosts demand for new housing loans in Russia
Russia State support scheme boosts demand for new housing loans in Russia Issuance of new housing loans cratered in April and May due to the coronavirus lockdown. The volume of new housing loans iss...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Measured in dollars, Russia’s average wage declined over 30 % last year
Measured in dollars, Russia’s average wage declined over 30 % last year Preliminary data show the average monthly wage in Russia in 2015 was 34,000 rubles ($560, €500). Nominal wages increased 4.5 % ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Capital flows between Russia and the rest of the world remarkably small
Capital flows between Russia and the rest of the world remarkably small Preliminary balance-of-payments figures show that the net outflow of private capital fell in 2015. This was despite banks payi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Separate development plan approved for areas near Chinese border in Russia’s Far East regions
Separate development plan approved for areas near Chinese border in Russia’s Far East regions In recent years, Russia has focused greater attention on its Far Eastern regions, but despite development...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s consolidated budget deficit fairly small so far this year
Russia’s consolidated budget deficit fairly small so far this year The consolidated budget (which combines federal, regional and municipal budgets, plus state social funds) showed a January-September...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Finnish investment in Russia continues to heavily exceed Russian investment in Finland
Finnish investment in Russia continues to heavily exceed Russian investment in Finland Statistics Finland (SF) reports that the stock of Finland’s foreign direct investment (FDI) in 2014 amounted to ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s federal budget revenues declined especially in May and June, but spending climbed up
Russia Russia’s federal budget revenues declined especially in May and June, but spending climbed up For the May-June period, federal budget revenues from oil & gas production taxes and export d...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Increase in debt restructuring and postponed repayment of corporate loans in Russia
Russia Increase in debt restructuring and postponed repayment of corporate loans in Russia The stock of bank lending to non-financial corporations increased rapidly in late March and early April. In...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia's constitutional reforms gained majority support in referendum as expected
Russia Russia's constitutional reforms gained majority support in referendum as expected Russia postponed its referendum on constitutional changes from late April to last Wednesday (July 1) due ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Slight downward revisions in forecasts for Russia’s economy in 2020
Russia Slight downward revisions in forecasts for Russia’s economy in 2020 Outlooks for the Russian economy of major international economic and financial organisations have been revised further down...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
While FDI inflows to Russia grew last year, they will likely contract sharply this year
Russia While FDI inflows to Russia grew last year, they will likely contract sharply this year The net inflow of foreign direct investment into Russia last year was $32 billion, a huge jump from the...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Prime minister Mishustin lays out Russia’s road to economic recovery
Russia Prime minister Mishustin lays out Russia’s road to economic recovery Mikhail Mishustin’s economic recovery plan hopes to reach a sustainable long-term growth path by the end of 2021. Over the...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
After posting awful April economic numbers, Russia bounced back a bit in May
Russia After posting awful April economic numbers, Russia bounced back a bit in May By practically all metrics, Russian economic activity collapsed in April. The economy ministry estimates that GDP ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Shifts in revenues and expenditures eat away Russia’s federal budget surpluses
Russia Shifts in revenues and expenditures eat away Russia’s federal budget surpluses As in 2015 and 2016, federal budget revenues from the production taxes and export tariffs of the oil and gas sec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
After relatively robust first-quarter performance, Russia experiences collapse of industrial output and consumption in April
Russia After relatively robust first-quarter performance, Russia experiences collapse of industrial output and consumption in April Rosstat reports that Russia’s industrial output climbed by 1.5...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia’s government spending to be stretched by economic support measures
Russia Russia’s government spending to be stretched by economic support measures Finance minister Anton Siluanov indicates that federal budget expenditure would rise this year by roughly one percent...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Rapid growth last year in military spending of Russia and China
Russia Rapid growth last year in military spending of Russia and China Data compiled by the Stockholm Peace Research Institute (SIPRI) show that total military expenditure by national governments la...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
After a selective start, Russia moves to beef up economic support
Russia After a selective start, Russia moves to beef up economic support Russia’s approved federal budget calls for brisk increases in spending this year. The government has announced it remains com...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020