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
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
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
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
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 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
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 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
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
Signing of US-Ukraine mineral agreement an important political stepping stone
Ukraine,economy,BOFIT Weekly Review Signing of US-Ukraine mineral agreement an important political stepping stone On April 30, the Ukraine and the United States signed an agreement creating the Unit...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
New challenges for Ukrainian exporters of agricultural products to the EU
Ukraine,economy,BOFIT Weekly Review New challenges for Ukrainian exporters of agricultural products to the EU At the start of the war, the EU temporarily eliminated import duties and quotas on many ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
The United States remains China’s top final export destination
China,BOFIT Weekly Review The United States remains China’s top final export destination At the beginning of September, the Organisation for Economic Cooperation and Development (OECD) updated its T...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
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