Ukraine gets new 18-month IMF loan
Russia,Ukraine Ukraine gets new 18-month IMF loan The IMF’s executive board signed off on a new Stand-By Arrangement (SBA) for Ukraine last week. The programme runs for 18 months, allowing Ukraine t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
China stays with its diversified energy import strategy; natural gas consumption and imports on the rise
China China stays with its diversified energy import strategy; natural gas consumption and imports on the rise China is the world’s biggest energy consumer. It also remains by far the largest consum...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian inflation rises to levels not seen for years
Russian inflation rises to levels not seen for years November consumer prices were up by 8 % y-o-y. Food prices, one of the biggest drivers of inflation, rose by 11 % y-o-y. Prices of non-f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian president holds annual state-of-the-nation address; government resigns unexpectedly thereafter
Russia Russian president holds annual state-of-the-nation address; government resigns unexpectedly thereafter On Wednesday (Jan. 15), president Vladimir Putin delivered his annual state-of-the-natio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Ruble rate and oil prices weaker after strong performance early in the year
Russia Ruble rate and oil prices weaker after strong performance early in the year The ruble’s exchange rate and oil prices strengthened in the early part of 2019. While both have been on a downward...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
India set to surpass China as the world’s most populous country around 2027
China India set to surpass China as the world’s most populous country around 2027 The UN’s new population outlook, World Population Prospects 2019, released last month expects the global population ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian economic growth driven almost exclusively by private consumption
Russia Russian economic growth driven almost exclusively by private consumption Newly released Rosstat figures show that the slowdown in GDP growth to just 0.5 % y-o-y in the first quarter was due t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian economy cooled in March; latest forecasts expect GDP growth of 2–3 % this year
Russian economy cooled in March; latest forecasts expect GDP growth of 2–3 % this year The level of output dipped slightly in March (seasonally adjusted) in nearly all core sectors of the economy. I...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russian unemployment falls and wages continue to rise; real incomes contracted in August-September
Russia Russian unemployment falls and wages continue to rise; real incomes contracted in August-September Using the methodology of the International Labour Organization (ILO), Russia’s unemployment ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian economic growth remained brisk in October
Russia Russian economic growth remained brisk in October According to Rosstat’s preliminary estimates, GDP grew in the first nine months of the year by 4.6 % y-o-y. The economic development min...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian fixed investment bounces back after the Covid Recession
Russia Russian fixed investment bounces back after the Covid Recession Demand-side figures in Rosstat’s national accounts show a strong rebound in seasonally adjusted growth in fixed investment in t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
CBR raises key rate again; monetary policy guidelines for 2022–2024 announced
Russia CBR raises key rate again; monetary policy guidelines for 2022–2024 announced On September 10, the Central Bank of Russia decided to raise the key rate by 25 basis points. The key rate now st...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian government sells Bashneft to Rosneft
Russian government sells Bashneft to Rosneft The state’s 50.08 % stake in the Bashneft oil company has been on this year’s privatization list. Russian government decided this week to sell the stake ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Ruble strengthening on higher oil prices
Ruble strengthening on higher oil prices This week the ruble-dollar exchange rate hovered around 66 RUB, while the euro-ruble rate held around 74 RUB. The ruble has appreciated more than 20 % against...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
CBR now publishes the RUONIA rate
Russia CBR now publishes the RUONIA rate The weighted average interest rate on unsecured overnight interbank ruble loans, or Ruonia (Ruble Overnight Index Average) is a key reference rate for R...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
First-quarter figures show contraction in Russian foreign trade and net capital outflow
Russia* First-quarter figures show contraction in Russian foreign trade and net capital outflow Preliminary balance- of-payments figures show that the value of Russian exports of goods and services ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian economy continued to contract in December
Russian economy continued to contract in December Rosstat reports that industrial output and retail sales both continued to slide in December. In annual terms, retail sales were down 15 %, a fall amp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Large Russian private bank Uralsib faces bankruptcy prevention measures
Large Russian private bank Uralsib faces bankruptcy prevention measures Nikolai Tsvetkov, the previous majority owner of Uralsib, this week completed the sale of an 82 % stake to Vladimir Kogan, who ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian central bank plans to start "bad" bank
Russia Russian central bank plans to start "bad" bank Central Bank of Russia deputy governor Vasily Pozdyshev said Monday (Apr. 2) that problem loans and certain other assets of the banks ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
CBR lowers key rate; oil, ruble and stock markets down in recent weeks
Russia CBR lowers key rate; oil, ruble and stock markets down in recent weeks CBR lowers key rate; oil, ruble and stock markets down in recent weeks The Central Bank of Russia continued monetary ea...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018