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
Contraction in Russian foreign trade and capital outflow slowed down
Contraction in Russian foreign trade and capital outflow slowed down Preliminary balance-of-payments figures show the value of Russian imports shrank 10 % y-o-y in dollar terms during April-June. Goo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
CBR calls for better supervision of microlenders
CBR calls for better supervision of microlenders Although lending of commercial banks to households has declined, the growth of providers of small loans at high interest is booming. Some 3,000 regist...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
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
Ruble exchange rate plunges
Russia,economy,BOFIT Weekly Review Ruble exchange rate plunges New round of sanctions slams ruble’s external value The ruble’s exchange rate, which had weakened gradually since late summer, declined...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russian economy enjoys growth spurt
Russian economy enjoys growth spurt Russia’s third quarter economic performance was surprisingly strong, but further gains are likely to be short-lived. Growth was driven by industrial production (up...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Little progress in reducing poverty, even as Russian living conditions generally improve
Russia Little progress in reducing poverty, even as Russian living conditions generally improve Every two years, Rosstat conducts a large nationwide household survey that covers widely living c...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian export volumes up significantly in recent years
Russia Russian export volumes up significantly in recent years Unlike other demand-side categories, the real volume of exports of goods and services grew overall at an average rate of 4 % a year in ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Relatively slow growth outlooks for Russian economy
Russia Relatively slow growth outlooks for Russian economy Updated forecasts from the IMF and World Bank expect Russian GDP growth to reach 1.7 % this year. The Central Bank of Russia sees similar g...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Sistema to pay damages to Russian oil giant Rosneft in Bashneft deal
Russia Sistema to pay damages to Russian oil giant Rosneft in Bashneft deal Bashneft, a mid-sized oil company was privatized at the start of the 2000s to the leaders of Bashkortostan. A few years la...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian retailer Magnit sold to state-owned bank VTB
Russia Russian retailer Magnit sold to state-owned bank VTB Russian retailer Magnit sold to state-owned bank VTB Last week businessman Sergei Galitski announced he was selling nearly all his holdin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR prepares strategy paper on improving access to banking services in 2018–2020
Russia CBR prepares strategy paper on improving access to banking services in 2018–2020 CBR prepares strategy paper on improving access to banking services in 2018–2020 While access to banking serv...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018