Russian pensioners and select public sector workers receive notable one-time stimulus payments this month
Russia Russian pensioners and select public sector workers receive notable one-time stimulus payments this month On August 24, president Vladimir Putin decreed a one-time stimulus payment to pension...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian manufacturing shrank 5 % last year
Russian manufacturing shrank 5 % last year The production of basic necessities seems to be performing best among manufacturing branches. The ruble’s devaluation has boosted prices of imported goods, ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Recovery of Russian economy continues
Russia Recovery of Russian economy continues Russia’s Ministry for Economic Development estimates that GDP grew in March by 0.5 % y-o-y, while GDP was still down by over 2 % y-o-y in Janua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian economy weakened sharply in first two months of the year; rising oil prices bring relief
BOFIT Weekly Review,Russia Russian economy weakened sharply in first two months of the year; rising oil prices bring relief While Russian economic trends weakened dramatically in January and Februar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2026
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
Russian retail sales up overall, but growth has slowed in recent months
Russia Russian retail sales up overall, but growth has slowed in recent months The volume of retail sales last year grew by 2.6 % y-o-y. The pace of growth varied during the year, however, slowing t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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
Statistical reforms provide improved picture of Russian household spending
Russia Statistical reforms provide improved picture of Russian household spending New figures show that the large contraction in real household incomes of recent years was a little milder than ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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
Another cut in the key rate from the CBR
Russia Another cut in the key rate from the CBR At its final interest-rate meeting of the year, the CBR board decided to keep easing monetary policy and cut the key rate by 50 basis points. Since la...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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
Wages in Russian industry recover to pre-recession top levels
Russia,economy Wages in Russian industry recover to pre-recession top levels Between 2014 and mid-2016, wages in Russian industry declined relative to many countries on the ruble's sharp devalua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Increase in area of land classed as Russian arctic – with much less budget funding
Russia,economy Increase in area of land classed as Russian arctic – with much less budget funding At end-June, the northern and northeastern parts of the Karelian Autonomous Republic were recognized...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian federal budget revenues and spending recover, but are still at a low level
Russia Russian federal budget revenues and spending recover, but are still at a low level Russian federal budget revenues and spending recover, but are still at a low level Second-quarter revenues ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Rosstat released revised figures for GDP and domestic demand in 2016 and 2017
Russia Rosstat released revised figures for GDP and domestic demand in 2016 and 2017 Rosstat’s revised figures for 2017 GDP released in December slightly increase reported growth from 1.5 % to ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian economic growth remains sluggish
Russia Russian economic growth remains sluggish GDP growth edged up from 1.3 % y-o-y in the first quarter to 1.8 % in the second quarter. Growth in the entire first half was 1.6 % y-o-y. Industrial ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Proposal on stricter import control for Russian state-owned enterprises
Russia Proposal on stricter import control for Russian state-owned enterprises The proposal is related to an amendment approved at the end of 2017 that will enter into force at the beginning of July...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian household consumption recovers
Russia Russian household consumption recovers Private consumption began to recover last year, increasing in real terms by about 3.5 % y-o-y after declining by a total of 12 % over the previous two y...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian GDP growth remains positive
Russian GDP growth remains positive Rosstat's first estimate shows 0.5 % y-o-y GDP growth in the first quarter. The growth pace supports earlier reports from the economy ministry and central bank...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian central bank lowers key rate again
Russian central bank lowers key rate again At its regular meeting on April 28, the Central Bank of Russia Board decided to lower the key rate by 50 basis points to 9.25 %, effective May 2. The CBR ju...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017