First highway bridge across the Amur river joining Russia and China is finally ready
Russia First highway bridge across the Amur river joining Russia and China is finally ready China and Russia signed an initial agreement on construction of the Amur road bridge in 1995. Construction...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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
World Bank Doing Business report shows no major changes in Russia’s business regulation last year
World Bank Doing Business report shows no major changes in Russia’s business regulation last year Russia ranked 51st out of 189 countries examined in the World Bank Group’s annual Doing Business repo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia restarts gas deliveries to Ukraine; air travel between the two countries set to end
Russia restarts gas deliveries to Ukraine; air travel between the two countries set to end Having received from Naftogaz a $230 million advance payment for next winter’s gas, Gazprom this week again ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s third-quarter exports and imports figures fall to 2010 levels
Russia’s third-quarter exports and imports figures fall to 2010 levels Preliminary balance-of-payments figures from the Central Bank of Russia show earnings on exports of goods and services fell yet ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Number of people in Russia living below minimum subsistence level up markedly
Number of people in Russia living below minimum subsistence level up markedly Largely stemming from last winter’s burst in inflation, real household incomes have been 4–5 % smaller on an on-year bas...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia plans to increase food self-sufficiency goals, import bans not helping
Russia plans to increase food self-sufficiency goals, import bans not helping The draft for Russia’s updated national food security agenda calls for raising the degree of self-sufficiency to at least...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Finnish exports to Russia down sharply in the first half, exports to other countries unchanged
Finnish exports to Russia down sharply in the first half, exports to other countries unchanged Finnish goods exports to Russia amounted to €1.5 billion in the first half, down by a third from a year ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Falling oil prices weaken the ruble and increase risks to Russia’s economy
Falling oil prices weaken the ruble and increase risks to Russia’s economy The ruble’s slide accelerated after the price of Urals-grade crude oil approached the $40 mark last week. The ruble has los...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
CBR governor Nabiullina discusses outlook for Russia’s foreign currency reserves
CBR governor Nabiullina discusses outlook for Russia’s foreign currency reserves At a banking conference in St. Petersburg at the start of this month, CBR head Elvira Nabiullina noted that Russia’s ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Foreign direct investment inflow to Russia last year was lower than in 2009
Foreign direct investment inflow to Russia last year was lower than in 2009 Inbound foreign direct investment flow to Russia last year fell to $21 billion, down from an average of $55 billion a year...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s low unemployment partly reflects a shift of dismissed workers to the shadow economy
Russia’s low unemployment partly reflects a shift of dismissed workers to the shadow economy Based on ILO methodology, Russia’s unemployment rate was 5.8 % in April. The unemployment rate has climbe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia and China conclude cooperation agreements during Xi Jinping’s visit to Moscow last week
Russia and China conclude cooperation agreements during Xi Jinping’s visit to Moscow last week Most of the agreements are very general in nature and their implementation will require long negotiation...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Capital outflow from Russia continued strong due to foreign debt payments
Capital outflow from Russia continued strong due to foreign debt payments The net capital outflow of private sector in the first quarter was $33 billion, down from $48 billion a year earlier. Banks p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Investment in Russia declines; structure of branches targeted for investment continues to shift
Investment in Russia declines; structure of branches targeted for investment continues to shift Fixed capital investments in Russia fell nearly 3 % last year. The on-year change decayed further in Ja...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Standard & Poor’s downgrades Russia’s creditworthiness to speculative grade
Standard & Poor’s downgrades Russia’s creditworthiness to speculative grade On Monday (Jan. 26), Standard & Poor’s lowered Russian sovereign foreign currency borrowing to BB+, a notch below i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Outflow of private capital from Russia and foreign currency cash holdings up sharply in 4Q2014
Outflow of private capital from Russia and foreign currency cash holdings up sharply in 4Q2014 As the immediate reason to the ruble’s slide, together the net capital outflow and the forex cash increa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Despite rapid growth, Russia’s housing loan market is still relatively small
Despite rapid growth, Russia’s housing loan market is still relatively small Starting from a very modest level, the total stock of housing loans issued by banks has increased at over 30 % a year sinc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015