United States moves ahead on dismantling sanctions on aluminium giant Rusal
Russia United States moves ahead on dismantling sanctions on aluminium giant Rusal The US treasury department notified Congress on December 19 of its intent to lift sanctions on the energy company E...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Geopolitical concerns weigh on ruble exchange rate
Russia Geopolitical concerns weigh on ruble exchange rate The price of Urals-grade crude oil almost touched the $70 mark in early March, but has since settled back to near the $60 level. Since Novem...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
No changes expected in Russian corporate taxation in coming years
No changes expected in Russian corporate taxation in coming years Last week, finance minister Anton Siluanov presented his ministry’s proposed tax policy framework for 2016–2018. He promised that the...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russian government limits the fall of household incomes with social assistance and higher wages
Russia Russian government limits the fall of household incomes with social assistance and higher wages Real household incomes fell by over 8 % y-o-y in the second quarter. In the third quarter,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian economic decline started to slow in June
Russia Russian economic decline started to slow in June The economy ministry estimates that the 12-month drop in GDP was no longer more grave than 6.5 % from June 2019, following the roughly 11...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian manufacturing on the road to recovery, while extractive industries remain in a deep slump
Russia Russian manufacturing on the road to recovery, while extractive industries remain in a deep slump Industrial output was in June down almost as much in on-year terms as in May, with the output...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Foreign debt of Russian banks and companies shrank last year, repayments ahead
Foreign debt of Russian banks and companies shrank last year, repayments ahead The largest drop in foreign debt occurred in the second half of the year, and at year’s end the debt stood at $548 billi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Recent studies examine transport projects in Central Asia
Russia Recent studies examine transport projects in Central Asia A recent report from the OECD’s International Transport Forum (ITF) examines the potential for countries in Central Asia to beco...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian government submits proposals to the Duma on raising the retirement age and VAT hike
Russia Russian government submits proposals to the Duma on raising the retirement age and VAT hike Last week the government finally agreed on a long-discussed move to raise the retirement age. As pr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
More light on developments in the Russian economy last year
Russia More light on developments in the Russian economy last year Rosstat reports that seasonally adjusted GDP grew briskly from the final months of 2016 to mid-2017. The revival then came to a hal...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
BOFIT Visiting Researcher Programme's application period is open!
BOFIT Visiting Researcher Programme's application period is open! BOFIT Visiting Researchers Programme - Call for spring/summer 2025 Application period is open until October 6, 2024. BOFIT V...
Bofit.fi / Bofit homepage / BOFIT / News / 2024
Foreign investment flows to and from China have increased yuan’s international use
China Foreign investment flows to and from China have increased yuan’s international use Over a year ago, the yuan surpassed the US dollar to become China’s most used cross-border payment currency. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Ukraine’s economy returns to growth, but recovery from war’s destruction takes time
Ukraine’s economy returns to growth, but recovery from war’s destruction takes time Ukraine’s GDP contracted by 29 % last year due to Russia’s illegal war of aggression. Economic activity declin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Brisk growth in Russian foreign trade
Brisk growth in Russian foreign trade Russian goods trade in the first quarter saw increases with nearly all trading partners across all main product categories. The value of exports exceeded $80 bil...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian authorities reconsidering the idea of virtual currency
Russian authorities reconsidering the idea of virtual currency Russian officials have earlier viewed the concept of virtual currency with scepticism. In spring 2016, for example, the finance ministry...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
New information on Russian industrial output
New information on Russian industrial output Rosstat has released more data based on new industrial branch classifications and other statistical changes. The new data now reach back to the start of 2...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Ukraine receives its fourth IMF loan tranche
Ukraine receives its fourth IMF loan tranche At its meeting this week, the executive board of the International Monetary Fund approved release of the fourth tranche of a $17.5 billion support program...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
CBR lowers key rate by 25 basis points
CBR lowers key rate by 25 basis points The key rate is 9.75 % from this week. The CBR noted that a faster-than-expected drop in inflation and a slight decline in inflation expectations justified the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian industrial output contracted in September
Russian industrial output contracted in September Total seasonally and workday-adjusted industrial output contracted slightly in September from August. The volume of production was down 0.8 % y-o-y....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
IMF disburses new loan tranche to Ukraine
IMF disburses new loan tranche to Ukraine At its meeting on Wednesday (Sept. 14), the executive board of the International Monetary Fund voted to grant Ukraine the third tranche of its four-year $17....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016