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
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 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
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
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
Recession hits Russian regions
Recession hits Russian regions Private consumption has fallen considerably. The volume of retail sales in the first half was down 6–12 % y-o-y in most of the eight Federal Districts. The decline in t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
President Putin speaks to foreign investors at St. Petersburg international economic forum
President Putin speaks to foreign investors at St. Petersburg international economic forum Putin thanked investors who have continued to operate in Russia despite the political situation. He noted t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Even with stabilisation of oil prices, the ruble has lost value in recent months
Russia Even with stabilisation of oil prices, the ruble has lost value in recent months The external value of the ruble has traditionally tracked – almost slavishly – changes in world crude oil pric...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Ruble appreciation enters third month
Ruble appreciation enters third month The ruble’s recent recovery reflects stabilisation of global oil prices and reduced foreign currency demand in Russia. Demand for foreign currency is no longer a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
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 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
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
Putin visits Uzbekistan
Putin visits Uzbekistan President Vladimir Putin visited Uzbekistan this week to extend his condolences for the death of the country’s long-time president Islam Karimov and to meet with Uzbekistan’s ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016