CIS countries have had to relax foreign exchange policies in recent years
Russia CIS countries have had to relax foreign exchange policies in recent years CIS countries have had to relax foreign exchange polies in recent years The currencies of countries in the Commonwea...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian inflation slowed slightly in June on reduced increases in prices of fruits and vegetables
Russia Russian inflation slowed slightly in June on reduced increases in prices of fruits and vegetables The 12-month rise in consumer prices fell from 17.1 % in May to 15.9 % in June. Ove...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian youth unemployment near European average
Russian youth unemployment near European average Russia last year had about a million unemployed persons between the ages of 15 and 24. The youth unemployment rate was 16 %, while the overall unemplo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
CBR hikes key rate again
CBR hikes key rate again On June 11, the Central Bank of Russia (CBR) raised its key rate by 50 basis points to 5.5 %. It was the CBR’s third hike this year for a total increase of 125 basis poi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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
Russian output growth slows, inflation remains high
#Russia,economy,BOFIT Weekly Review Russian output growth slows, inflation remains high Russian GDP growth slowed significantly in the third quarter Rosstat’s preliminary estimate puts Russian GDP ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russian gas giant Gazprom share package to unknown buyer
Russia Russian gas giant Gazprom share package to unknown buyer Gazprom, one of Russia’s largest listed companies, sold 3.6 % of its shares via the Moscow Exchange last week. The offered shares...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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 real disposable income still well below 2014 level
Russia Russian real disposable income still well below 2014 level Russian real disposable household incomes last year were essentially unchanged from 2017. Revenues initially showed gains in the fir...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
CBR raises the key rate by 0.25 percentage points and prolongs the suspension of currency-buying under the fiscal rule through December
Russia CBR raises the key rate by 0.25 percentage points and prolongs the suspension of currency-buying under the fiscal rule through December On September 14, the Central Bank of Russia’s key rate ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR again lowers key rate and forecasts moderate inflation
Russia CBR again lowers key rate and forecasts moderate inflation Last Friday (Jul. 26), the Board of Directors of the Central Bank of Russia, as generally expected, decided to lower the key rate by...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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
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
Contraction of the Russian economy slowed this year
Contraction of the Russian economy slowed this year Rosstat reports that GDP fell 1.2 % y-o-y in the first quarter. Russia’s economy ministry noted that the impact of leap year blunted the drop. The ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Shanghai Cooperation Organization meets in Tashkent
Shanghai Cooperation Organization meets in Tashkent The Shanghai Cooperation Organization (SCO), founded in 2001, consists of Russia, China and four Central Asian countries (Uzbekistan, Kazakhstan, K...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian oil production growth slows
Russian oil production growth slows Preliminary figures from Russia’s energy ministry show oil output (incl. gas condensates) grew 2 % y-o-y in the first half of 2016. Output growth has slowed in rec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
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
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