Russia’s government spending soars while war and sanctions caused various government sector revenue categories to tumble
#Russia Russia’s government spending soars while war and sanctions caused various government sector revenue categories to tumble Russia’s downward slides in the economy and imports since its delusio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Rising investment in Russia slows economic slide, but sees increased role of state-owned enterprises and the government
#Russia Rising investment in Russia slows economic slide, but sees increased role of state-owned enterprises and the government Real growth in fixed investment exceeded 3 % y-o-y in the third q...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Number of passenger cars on the road in Russia rises from 26 million to 45 million in just ten years
Number of passenger cars on the road in Russia rises from 26 million to 45 million in just ten years In 2005, there were just 180 cars per 1,000 people in Russia. Since then, the number of cars has r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Latest BOFIT forecast for Russia sees GDP contracting by 10 % this year with imports down by half
Russia,forecast Latest BOFIT forecast for Russia sees GDP contracting by 10 % this year with imports down by half Russia’s unprovoked attack on Ukraine has plunged the Russian economy into unce...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
IMF anticipates significant slowdown in global growth next year; Russia’s recession likely to be milder than earlier expected
Russia IMF anticipates significant slowdown in global growth next year; Russia’s recession likely to be milder than earlier expected The IMF’s latest World Economic Outlook predicts that the world e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Partial release of balance-of-payments data gives general picture of Russia’s import decline and large capital outflows
Russia Partial release of balance-of-payments data gives general picture of Russia’s import decline and large capital outflows After a several months’ pause, the Bank of Russia released balance-of-p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia plans to increase government revenues in the next few years without hikes in large general taxes
Russia plans to increase government revenues in the next few years without hikes in large general taxes In the draft 2017‒2019 federal budget submitted to the Duma, the finance ministry computed that...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia and India agree on new arms sales, but overall trade between the countries continues to shrink
Russia and India agree on new arms sales, but overall trade between the countries continues to shrink During the BRICS summit in Goa last week, India revealed it was buying new weapons systems from R...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Debt and trade disputes further erode economic relations between Russia and Ukraine; EU decides to keep Russian sanctions in place
Debt and trade disputes further erode economic relations between Russia and Ukraine; EU decides to keep Russian sanctions in place As expected, Ukraine announced late last week that it cannot pay ba...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Surveys published by Russia’s Commissioner for Entrepreneurs’ Rights show low confidence in safety of the local business environment
Russia Surveys published by Russia’s Commissioner for Entrepreneurs’ Rights show low confidence in safety of the local business environment Russia’s Commissioner for Entrepreneurs’ Rights (biznesomb...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Government sector revenues in Russia have turned to rise, spending growth still brisk even if strong stimulus behind
Russia Government sector revenues in Russia have turned to rise, spending growth still brisk even if strong stimulus behind The consolidated budget, which comprises federal, regional, municipal and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
At close to $600 billion, Russia holds the world’s fourth-largest foreign currency and gold reserves
Russia At close to $600 billion, Russia holds the world’s fourth-largest foreign currency and gold reserves At the end of 2020, the value of Russia’s total international reserves, including gold, am...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
UNCTAD’s estimate of ultimate sources of foreign direct investment emphasises Western investment in China and Russia
Russia UNCTAD’s estimate of ultimate sources of foreign direct investment emphasises Western investment in China and Russia As part of its annual international investment report, the United Nations ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s central bank raises its key rate to 18 % on inflation concerns; key rate now expected to remain high for a longer time
Russia Russia’s central bank raises its key rate to 18 % on inflation concerns; key rate now expected to remain high for a longer time The Central Bank of Russia’s board of directors decided at its ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
As the world’s largest wheat exporter, Russia plays a major role in food security of Africa and the Middle East
Russia As the world’s largest wheat exporter, Russia plays a major role in food security of Africa and the Middle East Russia is a major global producer and exporter of grains. Figures from the UN’s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Critical reports from Accounts Chamber on economic forecast that forms basis for Russia’s government budget projections generate questions about budget expenditures
Russia Critical reports from Accounts Chamber on economic forecast that forms basis for Russia’s government budget projections generate questions about budget expenditures Reports by Russia’s Accoun...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian growth slows, increased risks from declining oil prices
Russia,economy,BOFIT Weekly Review Russian growth slows, increased risks from declining oil prices Economic growth is slowing Growth in Russian’s economic output was slowed down in the first two mon...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russian government driven to technical insolvency
Russia Russian government driven to technical insolvency The 30-day grace period for about 100 million dollars in Russian foreign debt that came due at the end of May was reached on June 27 without ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Corruption, bad institutions and lack of openness dog Russian competitiveness
Corruption, bad institutions and lack of openness dog Russian competitiveness The World Economic Forum (WEF) global competitiveness index last year ranked Russia 45th among 140 countries surveyed. Ru...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
EBRD continues financing freeze on Russian projects
EBRD continues financing freeze on Russian projects The majority of shareholders in the European Bank for Reconstruction and Development (EBRD) decided in summer 2014 to halt any new projects in Russ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017