Ukraine’s private creditors accept debt restructuring
Ukraine’s private creditors accept debt restructuring Ukraine’s private creditors voted on October 14 to accept the debt restructuring negotiated earlier. Under the deal, creditors agreed to write do...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Putin wins Russian presidential election as expected
Putin wins Russian presidential election as expected Russia’s sitting president garnered 77 % of the national vote last Sunday (Mar. 18), while his regional performances ranged from 65 % in Russia’s ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Machinery, equipment and vehicles drove the growth of Russian goods trade
Russia Machinery, equipment and vehicles drove the growth of Russian goods trade Machinery, equipment and vehicles drove the growth of Russian goods trade The value of both goods exports and goods ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Role of the Russian state in banking sector continues to expand
Russia Role of the Russian state in banking sector continues to expand Three systemically important banks were placed under central bank administration last year. Additionally, a total of 63 credit ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian central bank lowers key rate to 9.5 %
Russia Russian central bank lowers key rate to 9.5 % Based on data from May and early June, the Bank of Russia’s executive board concluded on June 10 that a 150-basis-point rate cut was appropr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
CBR lowers key rate
Russia CBR lowers key rate The Central Bank of Russia lowered its key rate by 50 basis points to 5.5 % on April 24. The CBR further signalled that it would consider another rate cut at its next...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Slightly lower growth in Russian bank lending
Russia Slightly lower growth in Russian bank lending The credit stock of Russian banks grew by 6 % in nominal terms last year, down from 12 % growth in 2018. The most notable slowdown was ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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
Ruble remains weak
Ruble remains weak While the ruble has recovered slightly from the low it reached at end-August on a slight rise in oil prices and fading capital outflows from Russia, the ruble-dollar rate has in pa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
National Welfare Fund assets invested in yuan-denominated debt securities
Russia National Welfare Fund assets invested in yuan-denominated debt securities At the beginning of March, the value of Russia’s National Welfare Fund (NWF) stood at $183 billion, or almost 12 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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 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
Views of Russian authorities differ slightly on outlooks for the economy’s recovery; oil prices and the ruble slide
Views of Russian authorities differ slightly on outlooks for the economy’s recovery; oil prices and the ruble slide Several official authorities in Russia last spring proclaimed the worst of Russia’...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian government considers ways to assure reasonable access to medicines
Russian government considers ways to assure reasonable access to medicines About 70 % of the medicines used in Russia are produced abroad, and even a large part of domestically produced pharmaceutic...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
2014 exposed major weaknesses in the Russian economy
2014 exposed major weaknesses in the Russian economy Former finance minister Alexei Kudrin notes that the basic reason for the slowdown of the Russian economy since 2011 is the peculiar economic mode...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
New Russian government to focus on social issues and national projects
Russia New Russian government to focus on social issues and national projects Russia’s new cabinet is led by prime minister Mikhail Mishustin, former director of the Federal Tax Service. Anton Silua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Center for Strategic Research report finds little progress in economic reforms
Center for Strategic Research report finds little progress in economic reforms A new report from the Center for Strategic Research (CSR), which is headed by Russia’s former finance minister Alexei Ku...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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
BOFIT forecast sees lower growth of Russian economy ahead
Russia,forecast BOFIT forecast sees lower growth of Russian economy ahead While Rosstat’s 2.3 % initial estimate for Russian 2018 GDP growth clearly exceeded expectations, our latest BOFIT Fore...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019