EU and Gazprom resolve long-running gas dispute
Russia EU and Gazprom resolve long-running gas dispute An investigation by the European Commission launched in autumn 2012 found that Gazprom broke the EU's competition regulations in many centr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Even with stabilisation of oil prices, the ruble has lost value in recent months
Russia Even with stabilisation of oil prices, the ruble has lost value in recent months The external value of the ruble has traditionally tracked – almost slavishly – changes in world crude oil pric...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian output growth slows, inflation remains high
#Russia,economy,BOFIT Weekly Review Russian output growth slows, inflation remains high Russian GDP growth slowed significantly in the third quarter Rosstat’s preliminary estimate puts Russian GDP ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russian real disposable income still well below 2014 level
Russia Russian real disposable income still well below 2014 level Russian real disposable household incomes last year were essentially unchanged from 2017. Revenues initially showed gains in the fir...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
President Putin speaks to foreign investors at St. Petersburg international economic forum
President Putin speaks to foreign investors at St. Petersburg international economic forum Putin thanked investors who have continued to operate in Russia despite the political situation. He noted t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Fast growth in household lending in 2017
Russia Fast growth in household lending in 2017 The CBR reports that the bank credit stock rose by 3.5 % when exchange rate shifts are included. The stock of corporate loans was largely unchanged, w...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR raises the key rate by 0.25 percentage points and prolongs the suspension of currency-buying under the fiscal rule through December
Russia CBR raises the key rate by 0.25 percentage points and prolongs the suspension of currency-buying under the fiscal rule through December On September 14, the Central Bank of Russia’s key rate ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian inflation remains subdued, but inflation expectations are rising
Russia Russian inflation remains subdued, but inflation expectations are rising June consumer price inflation slowed slightly from 2.4 % y-o-y in May to 2.3 %. Much of the slowdown came from lower f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian social security system – expensive and rigid
Russian social security system – expensive and rigid A fresh World Bank report finds Russia's social security costly and complex. Social spending on federal and regional levels, and via social fu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian agriculture enjoys another year of growth
Russia Russian agriculture enjoys another year of growth While agricultural output grew almost every year over the past decade, 2020 was no exception even if growth slowed down to about 1.5 %. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Putin visits Uzbekistan
Putin visits Uzbekistan President Vladimir Putin visited Uzbekistan this week to extend his condolences for the death of the country’s long-time president Islam Karimov and to meet with Uzbekistan’s ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Shanghai Cooperation Organization meets in Tashkent
Shanghai Cooperation Organization meets in Tashkent The Shanghai Cooperation Organization (SCO), founded in 2001, consists of Russia, China and four Central Asian countries (Uzbekistan, Kazakhstan, K...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian oil production growth slows
Russian oil production growth slows Preliminary figures from Russia’s energy ministry show oil output (incl. gas condensates) grew 2 % y-o-y in the first half of 2016. Output growth has slowed in rec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Contraction of the Russian economy slowed this year
Contraction of the Russian economy slowed this year Rosstat reports that GDP fell 1.2 % y-o-y in the first quarter. Russia’s economy ministry noted that the impact of leap year blunted the drop. The ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian gas giant Gazprom share package to unknown buyer
Russia Russian gas giant Gazprom share package to unknown buyer Gazprom, one of Russia’s largest listed companies, sold 3.6 % of its shares via the Moscow Exchange last week. The offered shares...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
CBR suspends foreign currency purchases tied to the fiscal rule until the end of September
Russia CBR suspends foreign currency purchases tied to the fiscal rule until the end of September Since the beginning of 2017, the Central Bank of Russia has purchased daily a pre-announced amount o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Brisk growth in Russian goods trade continues
Russia,economy Brisk growth in Russian goods trade continues The dollar value of goods exports and imports rose by nearly 30 % y-o-y in the first six months of 2016. In the second quarter, import gr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Global oil production is growing faster than consumption
BOFIT Weekly Review,world economy Global oil production is growing faster than consumption The price of a barrel of Brent blend crude oil fell last year by $14 (19 %) to around $61 a barrel. The inc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2026
Russian fixed investment continue reasonable recovery, with further weight on oil and gas
Russia Russian fixed investment continue reasonable recovery, with further weight on oil and gas The volume of fixed investment in the first quarter, which rose by 3.6 % from the same period last ye...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Trends weakened in many branches of the Russian economy in March
Russia Trends weakened in many branches of the Russian economy in March The economic disruption from Russia’s war on Ukraine and Western economic sanctions was reflected immediately in Russia’s fina...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022