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
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
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
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
Russian inflation continues to pick up steam
Russian inflation continues to pick up steam Consumer prices showed in July-August their fastest on-month rise for years. In August consumer price inflation was nearly 16 % y-o-y and food prices were...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian accounts inspector finds problems with National Welfare Fund use
Russian accounts inspector finds problems with National Welfare Fund use The Accounts Chamber of the Russian Federation reports that assets invested from the National Welfare Fund to finance large i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
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
Russian output shows transient spike in December
Russian output shows transient spike in December Industrial output growth accelerated in December, particularly in a couple of manufacturing branches. Some experts suggest that the acceleration large...
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
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
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
Strong growth in Russian bank lending continued last year
Russia,economy,BOFIT Weekly Review Strong growth in Russian bank lending continued last year Corporate borrowing driven by reduced access to international financing and generous interest-subsidy pro...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
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
Call for Papers: Workshop on Banking in Emerging Markets: Challenges and Opportunities
BOFIT conference Call for Papers: Workshop on Banking in Emerging Markets: Challenges and Opportunities Call for Papers 10th CInSt Annual Banking Workshop on Banking in Emerging Markets: Challenges ...
Bofit.fi / Bofit homepage / BOFIT / News / 2021
Rapid expansion of Russian consumer borrowing raises concerns
Russia Rapid expansion of Russian consumer borrowing raises concerns Preliminary data released by the CBR show that on-year growth in the stock of credit granted to households accelerated in the fir...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian industrial output and retail sales continue relatively strong growth in August
Russia Russian industrial output and retail sales continue relatively strong growth in August Industrial output in August rose by 2.7 % from a year earlier, whereas in July it grew by 3.9 %. The lev...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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