State banks dominate Russian banking sector
Russia State banks dominate Russian banking sector A total of 499 banks operated in Russia at the end of October. Despite the high number of bank businesses, the banking sector is highly concentrate...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
CBR kept key rate unchanged and released updated economic forecast
Russia CBR kept key rate unchanged and released updated economic forecast October 28, the Central Bank of Russia decided to keep its key rate at 7.5 %. Most analysts expected the decision as th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
BOFIT sees Russian economy continuing moderate growth in coming years
Russia,forecast BOFIT sees Russian economy continuing moderate growth in coming years Lifted by higher oil prices, Russian GDP has returned to positive growth this year as anticipated. BOFIT's l...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
B&N Bank now under CBR administration
Russia B&N Bank now under CBR administration B&N Bank now under CBR administration On Thursday (Sept. 21), the Central Bank of Russia announced it would become the largest shareholder in tr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
CBR raises again key rate as inflation climbs; releases updated growth forecast
Russia CBR raises again key rate as inflation climbs; releases updated growth forecast On October 22, the Central Bank of Russia raised its key rate by 75 basis points, surpassing market analyst exp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Response of Russian labour market to the economic crisis manifested through various channels
Response of Russian labour market to the economic crisis manifested through various channels The covid-19 epidemic has shaken Russia’s labour market with declining employment, rising unemployment, wa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Fresh BOFIT forecast sees Russian GDP and imports contracting slightly further in 2016
Fresh BOFIT forecast sees Russian GDP and imports contracting slightly further in 2016 Russia’s economy has shrunk substantially this year, in response to the collapse of oil prices in 2014. The newe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
No large increases in Russian government sector spending planned at the moment; budget revenues on the rise this year
Russia No large increases in Russian government sector spending planned at the moment; budget revenues on the rise this year Despite facing a deep recession, Russia’s leaders have so far not moved v...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
CBR keeps key rate unchanged, tightens guidance
Russia CBR keeps key rate unchanged, tightens guidance The Central Bank of Russia decided last Friday (Jun. 15) to hold the key rate at 7.25 %. As the main reason for the decision was stated the pro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Significant drop in oil prices could lead to new production limits
Russia Significant drop in oil prices could lead to new production limits The price of Urals-grade crude slightly exceeded 85 dollars a barrel in early October, its highest level this year. The...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian markets dive after US imposes more sanctions
Russia Russian markets dive after US imposes more sanctions On April 6, the United States added 24 Russian businessmen and public officials, along with 15 Russian companies, to its sanctions list. H...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian foreign trade continues to recover; capital outflows up slightly
Russia Russian foreign trade continues to recover; capital outflows up slightly Russian revenues from goods and services exports, as well as spending on goods and services imports were each up rough...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian foreign debt turned to slight growth last year
Russian foreign debt turned to slight growth last year At the end of 2017, Russia's foreign debt was about 530 billion dollars, an increase of 3 % y-o-y. Russian banks continued to pay down forei...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Arms sales still a minor share of Russian exports
Arms sales still a minor share of Russian exports President Putin recently put the value of Russian arms exports last year at just over $15 billion, only a few per cent more than in 2015. Arms export...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Sharp second-quarter contraction in Russian GDP
Russia Sharp second-quarter contraction in Russian GDP Preliminary Rosstat data show the country’s GDP fell by 8.5 % y‑o‑y in the second quarter of 2020. The drop was slightly less than many fo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Few surprises in Putin’s state-of-the-nation address
Few surprises in Putin’s state-of-the-nation address President Putin delivered his annual state-of-the-nation address last week at the Kremlin to a packed audience of Duma deputies, Federation Counci...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Oil & gas sector still dominates Russian business
Oil & gas sector still dominates Russian business The Russian business weekly Expert finds that firms operating in the oil & gas sector continued to dominate in its annual list of Russia’s 40...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian GDP grew by 1.6 % in the first quarter
Russia Russian GDP grew by 1.6 % in the first quarter While growth slowed slightly from 2.1 % y-o-y in the fourth quarter of 2019, it was a relatively good performance on the cusp of the C...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian foreign debt declined last year
Russian foreign debt declined last year Preliminary figures from the Central Bank of Russia put the country’s foreign debt at $515 billion at the end of 2015. Foreign debt fell in 4Q15 by just over $...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
CBR releases elaborated assessment of foreign debt servicing payments through end of this year
CBR releases elaborated assessment of foreign debt servicing payments through end of this year The Central Bank of Russia estimates the actual amount for foreign debt of banks and non-bank corporatio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015