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
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
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
CBR takes over Promsvyazbank
Russia CBR takes over Promsvyazbank CBR takes over Promsvyazbank Last Friday (Dec. 15), the CBR announced it would start measures to prevent the bankruptcy of Promsvyazbank, the country's ninth...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian GDP falls, but trends vary widely across individual sectors
Russia Russian GDP falls, but trends vary widely across individual sectors Recently revised Rosstat figures show that Russian GDP fell by 4.1 % y-o-y in the second quarter. The estimate for fir...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian bank lending remains strong
Russia Russian bank lending remains strong The stock of bank corporate lending, which increased by about 10 % last year, has seen robust growth for all of this year. Helped especially by high g...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian imports exceed the level of a year ago
Russian imports exceed the level of a year ago Spending on imports of goods and services was up about 5 % y-o-y in the fourth quarter of 2016, the first increase since 3Q2013. Goods imports increased...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian state reduces stake in Rosneft
Russian state reduces stake in Rosneft The sale of almost a fifth of the state-majority controlled Rosneft oil company is a part of Russia's privatisation plan. Given the pressures from western s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Brexit result has had only minor impact on Russian economy so far
Brexit result has had only minor impact on Russian economy so far The immediate effects of the UK EU referendum on the Russian economy are quite marginal at this point. Oil prices fell, the ruble los...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
President Putin hits familiar themes in address to St. Petersburg Economic Forum
President Putin hits familiar themes in address to St. Petersburg Economic Forum Among the priority themes of current economic policy, Putin stressed his vision of the Eurasian Economic Union as the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Rise in Russian consumer prices slowed in January-May
Rise in Russian consumer prices slowed in January-May May consumer prices were up less than 3 % from December, whereas the comparative figure in 2015 was well over 8 %. As in the previous two months,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Growth of housing production slowed
Growth of housing production slowed Housing construction contracted slightly last year. Rosstat reports that the total volume of new apartments completed in Russia last year amounted to 84 million m&...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
China’s arms exports grow rapidly
China’s arms exports grow rapidly According to the new data by the Stockholm International Peace Research Institute (SIPRI), China has established itself as the world’s third-largest arms exporter, a...
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