Russian federal budget revenues continue to deteriorate
Russia Russian federal budget revenues continue to deteriorate Nominal revenues to the federal budget in June were up by a meagre 1.5 % y-o-y. This translates to a very large drop in real terms...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
State enterprises and the state may generate around 40 % of Russian GDP
Russia State enterprises and the state may generate around 40 % of Russian GDP Rosstat reports that in recent years 11–12 % of revenues of all firms and organisations (excluding funding received fro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
The third unit of the natural gas liquefaction plant in Yamal went into operation in November
Russia The third unit of the natural gas liquefaction plant in Yamal went into operation in November The plant is located on the coast of the Arctic Ocean. It brought its first unit, or train, on st...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR issues monetary policy guidelines for 2020−2022
Russia CBR issues monetary policy guidelines for 2020−2022 Maintaining price stability will remain the top monetary policy priority for the Central Bank of Russia in coming years. This means, in pra...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
While consumption fell, Russian economic indicators generally point to recovery in November
Russia While consumption fell, Russian economic indicators generally point to recovery in November The economy ministry estimates that Russian GDP contracted by 3.7 % y-o-y in November, i.e. sl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Crude oil prices rise above $50 a barrel
Crude oil prices rise above $50 a barrel With a pandemic wiping away demand, the price of crude oil last spring collapsed to unprecedented lows. The price of e.g. Brent crude stabilised at around $40...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian CBR hikes key rate again
Russia Russian CBR hikes key rate again On April 23, the Central Bank of Russia raised its key rate by 50 basis points to 5 %. In its previous rate hike a month earlier, the CBR raised the key ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
International Monetary Fund predicts high economic growth this year for rich economies and tepid growth for many emerging economies
Russia International Monetary Fund predicts high economic growth this year for rich economies and tepid growth for many emerging economies The IMF’s July World Economic Outlook sees global growth at...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Mixed signals on direction of Russian economy
Mixed signals on direction of Russian economy The slide in domestic demand continued in October as seasonally adjusted retail sales, reflecting private consumption which is the largest demand compone...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian foreign trade remains very weak
Russian foreign trade remains very weak The value of Russian goods exports in the third quarter was down nearly 40 % y-o-y in dollar terms and about 25 % in euro terms. Low export prices were largely...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian GDP grew by just 0.6 % last year
Russian GDP grew by just 0.6 % last year 2014 saw a marked slowdown in the pace of economic growth last year from 1.3 % in 2013. Private consumer spending was the main factor supporting growth, but a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Moscow stock prices tanked last year
Moscow stock prices tanked last year The Moscow Exchange’s RTS index fell 43 % last year from a high of 1,388 points to 791 points. The steepest drop came in December on the sharp drop in crude oil p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Improved Russian federal budget performance; deficit shrinks
Russia Improved Russian federal budget performance; deficit shrinks 2017fourth-quarter budget revenues were again up significantly from 4Q16 (not including funds received in 4Q16 from the sale of a ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian economy continued to recover in July
Russia Russian economy continued to recover in July The covid-19 pandemic hit Russia hard this spring, but the impacts were uneven. It now appears that even most of hard-hit sectors are beginning to...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian unemployment falls to record post-Soviet low
Russia Russian unemployment falls to record post-Soviet low Russian unemployment was already low, with nearly all skilled workers having jobs prior to the invasion of Ukraine. Labour demand started ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
New financial support measures for Ukraine announced; moderate GDP growth expected next year
Ukraine,BOFIT Weekly Review New financial support measures for Ukraine announced; moderate GDP growth expected next year The EU leaders have just approved a 90 billion EUR financial lifeline to cove...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russian foreign trade and capital outflow increased sharply in first quarter
Russian foreign trade and capital outflow increased sharply in first quarter Preliminary balance-of-payment figures from the Central Bank of Russia indicate that the dollar value of Russian goods and...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
China posted strong export performance last year; fossil fuels represent a large share of imports
China,economy,BOFIT Weekly Review China posted strong export performance last year; fossil fuels represent a large share of imports China Customs reports that the dollar value of China’s goods expor...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russian growth in the past couple of years driven largely by extractive sector, trade and public administration
Russia Russian growth in the past couple of years driven largely by extractive sector, trade and public administration New GDP data show that among the largest sectors output of extractive industrie...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Recovery in Russian output stalls
Russia Recovery in Russian output stalls The Russian economy performed poorly in October. After already contracting for a couple of previous months, workday- and seasonally-adjusted industrial outpu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017