Production and exports of natural gas declined last year
Russia Production and exports of natural gas declined last year The global economic recession caused by the covid-19 pandemic and last year’s warm winter caused demand for natural gas in Russia’s ma...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian GDP contracted by 3.6 % in the third quarter
Russia Russian GDP contracted by 3.6 % in the third quarter Russia experienced an 8.0 % y-o-y drop in GDP in the second quarter as its economy struggled with the covid-19 pandemic and lock...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Pandemic halts growth of Russian insurance markets
Russia Pandemic halts growth of Russian insurance markets Russia’s insurance markets grew by over 10 % per year in 2016 to 2018. Last year, however, growth was essentially non-existent, due in ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Sluggish trends in Russian goods trade last year
Russia Sluggish trends in Russian goods trade last year Rosstat’s preliminary breakdown of GDP categories indicates that the overall volume of Russian exports of goods and services decreased by abou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Tepid performance for Russian foreign trade in 2019; capital flows closer to balance
Russia Tepid performance for Russian foreign trade in 2019; capital flows closer to balance Preliminary balance-of-payments figures from the Central Bank of Russia show that revenues from exports of...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Slow recovery in Russian consumption continues; good increases in industrial output
Russia Slow recovery in Russian consumption continues; good increases in industrial output Despite its slow revival pace, the recovery in seasonally-adjusted retail sales plodded forward in May. The...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian growth accelerates
Russia,economy Russian growth accelerates Rosstat preliminarily estimates Russian GDP grew by 2.5 % y-o-y in 2Q17, up from 0.5 % growth in the first quarter. The 2Q acceleration seems to be partly s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian government sector still dealing with austerity
Russian government sector still dealing with austerity Revenues to the federal budget performed weakly in 2016 also in areas other than taxes from oil & gas. Non-oil & gas revenues were up ju...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
New data on last year’s improved performance of Russian economy
Russia New data on last year’s improved performance of Russian economy Rosstat’s fresh figures reinforce their first-round estimate that 2018 GDP growth at 2.3 % clearly beat out the 2017 perfo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Ruble struggles back from record low
Ruble struggles back from record low The ruble’s exchange rate hit an all-time low January 21 after the price of Urals-grade crude oil fell below $25 a barrel. At bottom, one euro bought 93 rubles an...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
US extends sanctions, additional European countries join in certain EU sanctions
US extends sanctions, additional European countries join in certain EU sanctions The United States treasury department announced on July 30 that it was adding certain individuals and entities under ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Official launch of BRICS New Development Bank
Official launch of BRICS New Development Bank All five BRICS countries (Brazil, Russia, India, China and South Africa) are members of the New Development Bank (NDB) with equal capital shares. All me...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Dispute over pension system resolved
Dispute over pension system resolved On April 23, the government declared a resolution to its two-year dispute over the suspension of the “funded component” of the pension system. The funded componen...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Information briefings
BOFIT Venäjä-tietoisku BOFIT Kiina-tietoisku BOFIT Venäjä-tietoisku järjestetään vuosittain keväällä. Tietoiskuissa keskustellaan keskeisistä, ...
Bofit.fi / Bofit homepage / Monitoring
Call for Papers: Workshop on Banking in Emerging Markets: Challenges and Opportunities
BOFIT conference Call for Papers: Workshop on Banking in Emerging Markets: Challenges and Opportunities Call for Papers 9th CInSt Annual Banking Workshop on Banking in Emerging Markets: Challenges a...
Bofit.fi / Bofit homepage / BOFIT / News / 2019
Net exports lifted Russian economic output numbers in the second quarter; domestic demand slack
Russia Net exports lifted Russian economic output numbers in the second quarter; domestic demand slack Russian GDP grew by 1.9 % y-o-y in the second quarter of this year, with seasonally-adjusted GD...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CIS countries have had to relax foreign exchange policies in recent years
Russia CIS countries have had to relax foreign exchange policies in recent years CIS countries have had to relax foreign exchange polies in recent years The currencies of countries in the Commonwea...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian inflation slowed slightly in June on reduced increases in prices of fruits and vegetables
Russia Russian inflation slowed slightly in June on reduced increases in prices of fruits and vegetables The 12-month rise in consumer prices fell from 17.1 % in May to 15.9 % in June. Ove...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Recovery in Russian export earnings and imports continued in second quarter
Russia Recovery in Russian export earnings and imports continued in second quarter Recovery in Russian export earnings and imports continued in second quarter Balance of payments figures from the C...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian youth unemployment near European average
Russian youth unemployment near European average Russia last year had about a million unemployed persons between the ages of 15 and 24. The youth unemployment rate was 16 %, while the overall unemplo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017