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
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
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
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 budget surplus expected to shrink in the next few years
Russia Russian budget surplus expected to shrink in the next few years The consolidated budget forecast released in April sees budget revenues increasing this year at about 3 % p.a. and at arou...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Bloomberg Barclays index to include Chinese government and policy bank debt securities
China Bloomberg Barclays index to include Chinese government and policy bank debt securities On April 1, Bloomberg Barclays added yuan-denominated bonds issued in mainland China to its Global Aggreg...
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
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
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
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
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
Chinese economy stumbled in April
China Chinese economy stumbled in April Covid lockdowns and the resulting uncertainty and supply-chain disruptions caused China’s key economic indicators to plummet in April. The National Bureau of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Several factors affect decline in Russian household income and spending
Several factors affect decline in Russian household income and spending Private consumption last year fell by 5 % and real household incomes by 6 %, even as the average real wage rose slightly. Sever...
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
Higher oil prices boost surplus of Russian federal budget
Russia Higher oil prices boost surplus of Russian federal budget 2018 budget revenues were up 29 % last year. Much of the gain came from higher revenues from oil & gas taxes, which saw a bo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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
State gives small income hikes and tiny tax reliefs to Russians
Russia State gives small income hikes and tiny tax reliefs to Russians Wages and pensions paid out of government budgets at various levels fell sharply in real terms in 2014–16 on small nominal cost...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Economic forecasts for Ukraine revised slightly downward
Ukraine,economy,BOFIT Weekly Review Economic forecasts for Ukraine revised slightly downward Forecasters at the National Bank of Ukraine reduced their 2025 prognosis in April to 3.1 % (down from 3.6...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025