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 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
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 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
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 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
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
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
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
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
Russian firms borrow modestly
Russian firms borrow modestly Russia’s troubled economy and financial market sanctions have contributed to a collapse this year in the issued volume of international corporate bonds and syndicated lo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
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 pensioners get one-time payment and a return to inflation-indexed pensions
Russian pensioners get one-time payment and a return to inflation-indexed pensions The government announced last week that every pensioner will receive a one-time payment of 5,000 rubles (about €70) ...
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
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