Rising uncertainty drove ruble depreciation in September
Russia Rising uncertainty drove ruble depreciation in September Although the world market price of crude oil remained relatively stable this summer, the prevailing uncertainty surrounding emerging e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Chinese and Russian presidents extol good economic relations at St. Petersburg economic forum
Russia Chinese and Russian presidents extol good economic relations at St. Petersburg economic forum President Vladimir Putin voiced strong criticism of the latest US trade policy measures against C...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Ruble appreciation continues in the first two weeks of this year
Russia Ruble appreciation continues in the first two weeks of this year The ruble’s exchange rate has appreciated gradually since its lows at the end of 2018. Over the first weeks of this year, the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Modest development in Russian incomes continues this year
Modest development in Russian incomes continues this year While real disposable income of Russians has increased marginally this year, the weak development in previous years puts it on par with the 2...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Report finds that one in three Russian workers involved in informal employment
Russia Report finds that one in three Russian workers involved in informal employment A just-released survey from the Russian Presidential Academy of National Economy finds that about 25 million Rus...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
A fifth of foreign debt of Russian banks and other businesses denominated in rubles
Russia A fifth of foreign debt of Russian banks and other businesses denominated in rubles The Central Bank of Russia reports that the total foreign debt of Russian banks and other Russian corporati...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian economic growth slows in the third quarter, with signs of a possible pick-up in October
Russia Russian economic growth slows in the third quarter, with signs of a possible pick-up in October Preliminary figures show Russian GDP grew by 1.3 % y‑o‑y in the third quarter, down from 1...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Price regulation disrupts Russian fuel markets
Russia Price regulation disrupts Russian fuel markets While the official policy of the Russian government is to refrain from price-setting, this measure was carried out in the beginning of November ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
IMF expects only modest Russian growth in coming years; decelerating growth in China
Russia,China IMF expects only modest Russian growth in coming years; decelerating growth in China The IMF’s latest World Economic Outlook sees the global economy growing by 3.7 % this year and ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Growth in Russian imports stalls; capital outflows increase
Russia Growth in Russian imports stalls; capital outflows increase Preliminary balance-of-payments figures show that the value of Russian exports of goods and services increased by nearly 30 % ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian oil companies see major improvements in earnings
Russia Russian oil companies see major improvements in earnings Despite a global rise in crude oil prices, the ruble has lost about 16 % of its value against the US dollar this year. Geopolitical fa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Caspian Sea states make progress in jurisdiction of territorial waters
Russia Caspian Sea states make progress in jurisdiction of territorial waters On August 12, the five littoral states surrounding the Caspian Sea (Azerbaijan, Iran, Kazakhstan, Turkmenistan and Russi...
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
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
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
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