CBR considers ways to support fixed investment and reduce forex dependency
Russia CBR considers ways to support fixed investment and reduce forex dependency According to the Central Bank of Russia’s recent draft documents on 2023–2025 monetary policy and financial market d...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
CBR announced organisational changes to improve banking supervision
CBR announced organisational changes to improve banking supervision In recent years, the Central Bank of Russia has worked determinedly to clean up the banking sector from financial institutions that...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Recovery in Russian fixed investment remains slow
Russia Recovery in Russian fixed investment remains slow The real volume of fixed investment in the third quarter of this year was up only 0.8 % y-o-y. Growth in the first half was even a littl...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian government sector finances improved further last year
Russia Russian government sector finances improved further last year Revenues to the consolidated budget (federal, regional and municipal budgets plus state social funds) increased by about 20 % in ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian defence spending declines, but remains substantial
Russia Russian defence spending declines, but remains substantial Russia's finance ministry reports that government defence spending fell by 25 % in nominal ruble terms last year. The defence sp...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian economy continues to recover
Russia Russian economy continues to recover Preliminary figures show Russian GDP contracted by about 1 % in the first quarter of this year. In the fourth quarter of 2020, GDP was still shrinkin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian banking sector enjoyed brisk growth last year
Russia Russian banking sector enjoyed brisk growth last year Measured by the final balance sheet total, Russia’s banking sector grew by 12.5 % last year, clearly higher growth than in 2019. Gro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian government support has helped move fixed investment towards recovery, outlook remains unsure
Russia Russian government support has helped move fixed investment towards recovery, outlook remains unsure After shrinking by 7.5 % y-o-y in the second quarter, real fixed investment contracte...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Oil prices, ruble and Moscow stock exchange all down; CBR holds key rate unchanged
Russia Oil prices, ruble and Moscow stock exchange all down; CBR holds key rate unchanged Global oil prices continued to slump in the wake of their March 9 collapse. The export price of Urals-grade ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian domestic demand down over 10 %
Russian domestic demand down over 10 % First-half data on demand-side GDP components confirm the view that private consumption contracted nearly 10 % y-o-y and that fixed investment slid by 8 %. More...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Chinese oil import volumes up 10 % this year
Chinese oil import volumes up 10 % this year The slowdown in economic growth has yet to be seen in China’s oil imports. In the first seven months of this year, China imported 194 million metric tons...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Call for visitors
#visitingresearcher Call for visitors within BOFIT Visiting Researcher Programme now open for Spring/Summer 2023 BOFIT Visiting Researchers scheme enables academics and researchers to spend a period...
Bofit.fi / Bofit homepage / BOFIT / News / 2022
BOFIT forecasts low growth for the Russian economy in coming years
Russia BOFIT forecasts low growth for the Russian economy in coming years Our latest BOFIT forecast for Russia, which covers the 2018–2020 period, sees GDP growth this year remaining below 2 %,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Forecasters downgrade China’s 2022 GDP growth forecast, see high growth rates for India and predict a lower-than-expected contraction of the Russian economy
China,India,Russia Forecasters downgrade China’s 2022 GDP growth forecast, see high growth rates for India and predict a lower-than-expected contraction of the Russian economy In its latest World Ec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian government budget revenues weaken; high inflation erodes stimulus effects
Russia Russian government budget revenues weaken; high inflation erodes stimulus effects May federal budget revenues were up by just 10 % y-o-y in nominal terms. The rise was gravely insufficie...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian government and businesses have cut back on investments
Russian government and businesses have cut back on investments Total fixed investments fell by about 12 % in real terms in 2014–2016. The ratio of fixed investments to GDP is just 21 %. Government in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Putin's newest May Decree sets out typical government target and task list through 2024
Russia Putin's newest May Decree sets out typical government target and task list through 2024 As with Putin's third inauguration in 2012, he laid out on Monday (May 7) a new to-do list for ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
European Commission invites comments on EU-Gazprom gas dispute
European Commission invites comments on EU-Gazprom gas dispute An investigation launched in autumn 2012 into European gas markets initially found that Gazprom violated EU competition rules in many EU...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian government spending cushions fixed investment decline
Russia Russian government spending cushions fixed investment decline In Russia, the real volume of fixed investment declined in the second quarter by about 7.5 % y-o-y. The drop was less steep ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
China increased its share of EU foreign trade in 2015
China increased its share of EU foreign trade in 2015 The EU28’s goods imports from China last year rose 16 % y o y to €350 billion. The value of total non-EU goods imports increased 2 %. The value o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016