Ukraine gets new 18-month IMF loan
Russia,Ukraine Ukraine gets new 18-month IMF loan The IMF’s executive board signed off on a new Stand-By Arrangement (SBA) for Ukraine last week. The programme runs for 18 months, allowing Ukraine t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian economy showing more signs of recovery
Russia Russian economy showing more signs of recovery Russian economy showing more signs of recovery Following a weak spell in June and July, Rosstat reports that seasonally and workday-adjusted in...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
CBR holds key rate unchanged; policy outlook slightly adjusted
CBR holds key rate unchanged; policy outlook slightly adjusted At its regular meeting, the board of the Central Bank of Russia last Friday (Feb. 3) decided to keep the key rate at 10 %, the level it ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russian firms issuing more eurobonds
Russian firms issuing more eurobonds Financial institutions and non-financial corporations have issued 1.1 trillion rubles ($17 billion) in new domestic bonds this year, which is slightly less than ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russians increasing domestic travelling
Russians increasing domestic travelling Tourism abroad has fallen sharply over the past two years due to the weak ruble and falling real disposable incomes. Imports of travel services last year amoun...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
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
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
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 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
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
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 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
Tough November for China’s economy as covid situation worsens and export demand evaporates
China Tough November for China’s economy as covid situation worsens and export demand evaporates China’s declining retail sales, a proxy for consumption demand, highlight the impacts of the latest w...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
CBR lowers key rate; announces around 4 % inflation target for coming years
Russia CBR lowers key rate; announces around 4 % inflation target for coming years CBR lowers key rate; announces around 4 % inflation target for coming years At its regular monetary policy meeting...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
CBR to buy forex on the market for the finance ministry
CBR to buy forex on the market for the finance ministry The finance ministry announced that the background is refraining from using extra oil & gas tax revenues (i.e. income that results from Ura...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Duma and Federation Council approve federal budget and state social fund budgets
Duma and Federation Council approve federal budget and state social fund budgets Russia's lower and upper houses of parliament accepted the government's proposals for 2017–2019 federal budget...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russian state reduces stake in diamond giant Alrosa
Russian state reduces stake in diamond giant Alrosa In a secondary public offering (SPO), the government sold off mostly to Russian and European investors a 10.9 % stake in the diamond company. Afte...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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