Profits of Russian firms have supported out-of-pocket funding for investments; bank borrowing has been low
Russia Profits of Russian firms have supported out-of-pocket funding for investments; bank borrowing has been low Rosstat reports that the net profits of large and medium-sized firms (excluding the ...
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
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
Fast growth in household lending in 2017
Russia Fast growth in household lending in 2017 The CBR reports that the bank credit stock rose by 3.5 % when exchange rate shifts are included. The stock of corporate loans was largely unchanged, w...
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
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
CBR suspends foreign currency purchases tied to the fiscal rule until the end of September
Russia CBR suspends foreign currency purchases tied to the fiscal rule until the end of September Since the beginning of 2017, the Central Bank of Russia has purchased daily a pre-announced amount o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian central bank still keeps key rate unchanged at 7.25 %
Russia Russian central bank still keeps key rate unchanged at 7.25 % The press release from the Central Bank of Russia's July board meeting on interest rates reads largely like the June release....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian inflation remains subdued, but inflation expectations are rising
Russia Russian inflation remains subdued, but inflation expectations are rising June consumer price inflation slowed slightly from 2.4 % y-o-y in May to 2.3 %. Much of the slowdown came from lower f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
EU and Gazprom resolve long-running gas dispute
Russia EU and Gazprom resolve long-running gas dispute An investigation by the European Commission launched in autumn 2012 found that Gazprom broke the EU's competition regulations in many centr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Reasonable recovery in Russian domestic demand; growth in output slower
Russia Reasonable recovery in Russian domestic demand; growth in output slower The recovery in seasonally adjusted retail sales continued in April. From twelve months earlier retail sales were up ne...
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 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
Brisk growth in Russian goods trade continues
Russia,economy Brisk growth in Russian goods trade continues The dollar value of goods exports and imports rose by nearly 30 % y-o-y in the first six months of 2016. In the second quarter, import gr...
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 agriculture enjoys another year of growth
Russia Russian agriculture enjoys another year of growth While agricultural output grew almost every year over the past decade, 2020 was no exception even if growth slowed down to about 1.5 %. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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 social security system – expensive and rigid
Russian social security system – expensive and rigid A fresh World Bank report finds Russia's social security costly and complex. Social spending on federal and regional levels, and via social fu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017