No large increases in Russian government sector spending planned at the moment; budget revenues on the rise this year
Russia No large increases in Russian government sector spending planned at the moment; budget revenues on the rise this year Despite facing a deep recession, Russia’s leaders have so far not moved v...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Response of Russian labour market to the economic crisis manifested through various channels
Response of Russian labour market to the economic crisis manifested through various channels The covid-19 epidemic has shaken Russia’s labour market with declining employment, rising unemployment, wa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Fresh BOFIT forecast sees Russian GDP and imports contracting slightly further in 2016
Fresh BOFIT forecast sees Russian GDP and imports contracting slightly further in 2016 Russia’s economy has shrunk substantially this year, in response to the collapse of oil prices in 2014. The newe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian production and imports recovered, government still posts large deficit
Russian production and imports recovered, government still posts large deficit INCREASES IN PRODUCTION, CONSUMPTION, EMPLOYMENT AND IMPORTS The Russian economy has recovered from the downturn of spri...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Russian industrial output grew in March; detailed 2022 GDP data released
Russia Russian industrial output grew in March; detailed 2022 GDP data released Russian industrial output has increased significantly in recent months. Industrial output was up in March by over 1...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Weak performance of the agricultural sector dragged down Ukraine’s economic growth last year
Ukraine,economy,BOFIT Weekly Review Weak performance of the agricultural sector dragged down Ukraine’s economic growth last year Ukraine’s GDP growth slowed more than expected in 2024. The State Sta...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Final construction permit issued for Nord Stream 2 pipeline
Russia Final construction permit issued for Nord Stream 2 pipeline The Danish Energy Agency last week granted a construction permit for Gazprom’s Nord Stream 2 gas pipeline. If the permit goes uncon...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian households cut back on spending, durable goods most affected
Russia Russian households cut back on spending, durable goods most affected Household spending on goods and services fell by 7 % y-o-y in real terms in the second and third quarters. Household ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian industrial output decreased; consumption continues to make a comeback
Russia Russian industrial output decreased; consumption continues to make a comeback Russian industrial output decreased; consumption continues to make a comeback After relatively mild industrial o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian federal budget revenues and expenditures rise; inflation undermines purchasing power
Russia Russian federal budget revenues and expenditures rise; inflation undermines purchasing power Nominal revenues to the federal budget were up by 35 % y-o-y in the first quarter, and were s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
New sanctions on Belarus foreign trade
Russia New sanctions on Belarus foreign trade Last week marked the first anniversary of the disputed Belarus presidential election. In the interim, the Belarus government has committed extensive hum...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
CBR continued to tighten monetary policy in July
Russia CBR continued to tighten monetary policy in July At its July meeting, the Central Bank of Russia raised the benchmark key rate by 100 basis points to 6.5 %. With Russian consumer prices ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
No revisiting of Russian budget in Duma spring session
No revisiting of Russian budget in Duma spring session Prime minister Dmitri Medvedev announced in his annual speech to the lower-house Duma that the government has no plans to modify this year’s fed...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Growth returns to Russian goods trade
Growth returns to Russian goods trade Fourth-quarter goods imports were up 9 % y-o-y in value terms. Growth was seen in all largest product categories, with highest growth posted for imports of machi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian goods export growth lost momentum in the third quarter; import growth flat
Russian goods export growth lost momentum in the third quarter; import growth flat The value of Russian goods exports approached historic highs in the third quarter of this year. The value of total e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
CBR monetary policy programme foresees drop in inflation and heavy reliance on Reserve Fund
CBR monetary policy programme foresees drop in inflation and heavy reliance on Reserve Fund The Central Bank of Russia’s latest monetary policy programme keeps in place almost all the outcome of its ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Price of Urals oil and Russian ruble continue to strengthen
Russia Price of Urals oil and Russian ruble continue to strengthen The price of a barrel of Urals-grade crude oil has risen over the past month from just over $30 to around $40. The price has now re...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Putin issues decree to speed up construction of Power of Siberia pipeline
Putin issues decree to speed up construction of Power of Siberia pipeline It was hoped that president Putin’s state visit to Beijing last week would give a boost to China-Russia economic relations, b...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian foreign trade contracted sharply in the fourth quarter
Russian foreign trade contracted sharply in the fourth quarter Russian customs reports the value of goods exports and imports in the fourth quarter of 2014 were down nearly 20 % y-o-y, and that in De...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian government approves economic support programme
Russian government approves economic support programme The aims of the programme adopted last week include stabilising Russia’s economic conditions, supporting import substitution as well as improvin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015