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
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
Russia’s proposed constitutional amendments allow president Putin to remain in power
Russia Russia’s proposed constitutional amendments allow president Putin to remain in power Revisions prepared for the Russian constitution in past weeks have now been approved by both the Duma and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Central Bank of Russia to sell its controlling stake in Sberbank to the finance ministry
Russia Central Bank of Russia to sell its controlling stake in Sberbank to the finance ministry About half of the shares of Sberbank, which is listed on the Moscow Stock Exchange, are currently held...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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 and China rise in World Bank rankings; unchanged in WEF rankings
Russia Russia and China rise in World Bank rankings; unchanged in WEF rankings Both annual comparisons were released in October. The World Bank’s survey of 190 economies in Doing Business 2020 shows...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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
Latest BOFIT forecast for Russia sees economy and imports still contracting further this year
Latest BOFIT forecast for Russia sees economy and imports still contracting further this year With the price of oil down by about 50 % in the second half of 2014, domestic demand, including private c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Protests lead to concessions in Russia’s new road fee system
Protests lead to concessions in Russia’s new road fee system Russia last November introduced its Platon system of fees for heavy vehicles using federal-level highways. Platon’s purpose is to collect ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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