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
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
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
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
Ruble continues to weaken despite higher oil prices
Russia Ruble continues to weaken despite higher oil prices The world-market price of Urals-grade crude oil has soared in recent weeks, breaking the $90-a-barrel barrier in late January. Oil prices h...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian inflation hits historical lows
Russia Russian inflation hits historical lows Russian inflation hits historical lows Consumer prices rose by 3 % y-o-y in September, which was Russia's smallest on-year increase in inflation in...
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 government spending on investment rose sharply during the war, mixed performance in other investment
#Russia Russian government spending on investment rose sharply during the war, mixed performance in other investment Fixed investment in Russia has recovered and grown briskly since the recession in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
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
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
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
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 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
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
Information briefings
BOFIT Venäjä-tietoisku BOFIT Kiina-tietoisku BOFIT Venäjä-tietoisku järjestetään vuosittain keväällä. Tietoiskuissa keskustellaan keskeisistä, ...
Bofit.fi / Bofit homepage / Monitoring
Russian energy export volumes at crossroads
Russian energy export volumes at crossroads In volume terms, the export performance of Russia’s oil sector this year has exceeded expectations. Early this year, Russia’s economic forecast predicted t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Signs of growth in Russian goods trade
Russia Signs of growth in Russian goods trade In the April-June period, the value of Russian goods exports was down by 30 % y-o-y, mostly on a drop in export commodity prices. The volume of exp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020