Chinese presence in energy projects in Russian Far East set to increase
Chinese presence in energy projects in Russian Far East set to increase As before, during president Vladimir Putin’s official state visit to China on Saturday (June 25) dozens of agreements for vario...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
New calculation of statistics increases size of Russian economy
New calculation of statistics increases size of Russian economy Applying international accounting standards of 1993 and 2008 for calculating GDP, Rosstat has adjusted Russia’s 2014 GDP measured in ru...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Tight budgets and uncertainty currently dominate Russian economic policy
Tight budgets and uncertainty currently dominate Russian economic policy Persistent low oil prices and the weak economy have forced Russian policymakers to balance between budget cuts and stimulus me...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian firms suffering major profitability drops this year
Russia Russian firms suffering major profitability drops this year Rosstat figures show that the net profit of the corporate sector, i.e. combined profits and losses of Russian firms, fell by half i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
China’s economic performance showed no clear signs of improvement in May; lacklustre performance reflected in financial markets
#china China’s economic performance showed no clear signs of improvement in May; lacklustre performance reflected in financial markets China’s National Bureau of Statistics (NBS) reports that indust...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Finland goods imports from China larger than previously estimated
BOFIT Weekly Review,China Finland goods imports from China larger than previously estimated Finnish Customs announced changes in its data collection methods last March (press release). Finnish Custo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2026
Russian government works on changes in taxes next year and price controls
Russia Russian government works on changes in taxes next year and price controls As part of preparing Russia’s 2022−2024 federal budget and assessment of the prospects of the entire government secto...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian growth supported by increased bank lending and heavy public spending
Russian growth supported by increased bank lending and heavy public spending Russian economy again showed positive growth in July Even with the pace of growth moderating in recent months, the latest ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
85 % of China’s energy needs still met with fossil fuels
China 85 % of China’s energy needs still met with fossil fuels China is by far the world’s biggest primary energy consumer. The latest figures from British Petroleum show that in 2018 China use...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
New Russian budget rule frames government spending; sovereign funds to be combined
Russia New Russian budget rule frames government spending; sovereign funds to be combined New Russian budget rule frames government spending; sovereign funds to be combined The Duma this week passe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Relaxation of capital controls and increased foreign trade help boost international use of the yuan
China Relaxation of capital controls and increased foreign trade help boost international use of the yuan SWIFT, the Society for Worldwide Interbank Financial Telecommunication, reports that in Janu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian real household incomes slide
Russia Russian real household incomes slide The drop in household incomes gained slight momentum in the third quarter, falling by 2.5 % y-o-y in real terms. The drop so far has been less precip...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russian defence spending has increased rapidly
Russian defence spending has increased rapidly The annual global military spending report from the Stockholm International Peace Research Institute (SIPRI) finds that the ratio of government defence ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Impact of support measures for Russian monotowns hard to determine
Russia Impact of support measures for Russian monotowns hard to determine From 2009 to 2016, support to single-company towns, or monotowns, were arranged on the basis of presidential or government d...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian government spending in stimulus mode last year
Russian government spending in stimulus mode last year Consolidated budget revenues declined last year by only about 3 % in nominal terms (the consolidated budget comprises federal, regional and...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russian government budget revenues decline precipitously, spending soars
Russia Russian government budget revenues decline precipitously, spending soars Revenue streams to the consolidated budget, an aggregate of federal, regional and local budgets plus state social fund...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
China seeks long-term economic growth through innovation processes
China seeks long-term economic growth through innovation processes OECD estimates show China’s R&D investment rose from $33 billion in 2000 to $336 billion in 2013. Innovation activity has focuse...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
Russian budget revenues expected to rise on favourable economic forecast and planned tax hikes
Russian budget revenues expected to rise on favourable economic forecast and planned tax hikes The finance ministry expects consolidated budget revenues to rise slightly faster than inflation in comi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Contraction of Russian economy accelerated in September
Russia Contraction of Russian economy accelerated in September Preliminary figures from the economic development ministry show Russian GDP contracted by 5 % y-o-y in September, a slightly highe...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022