Russia spending oil funds in the first half
Russia spending oil funds in the first half Over the past decade, Russia has accumulated tax revenue from oil and gas export earnings in two state funds. The Reserve Fund is used t...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2015
Separate development plan approved for areas near Chinese border in Russia’s Far East regions
approved for areas near Chinese border in Russia’s Far East regions In recent years, Russia has focused greater attention on its Far Eastern regions, but despite development program...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2015
Russian firms give low marks to government agencies with respect to business environment improvement
Russia Russian firms give low marks to government agencies with respect to business environment improvement Problems in public administration present a long-standing barrier to improving th...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2020
Russia tightens measures to slow spread of coronavirus
Russia Russia tightens measures to slow spread of coronavirus Russia’s restrictions were moderate still in March but have been now tightened considerably with the rise in COVID-19 c...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2020
IMF’s annual Article IV consultations with Russia stress ongoing need for reform
Russia IMF’s annual Article IV consultations with Russia stress ongoing need for reform The IMF expects Russian GDP to grow by 1.7 % this year and 1.5 % next year if the oil price ...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
Central Bank of Russia keeps key rate at 7.50 %
Russia Central Bank of Russia keeps key rate at 7.50 % At the monetary policy meeting on October 26, the CBR noted that short-term inflation risks remained elevated. The ...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
CBR raises the key rate by 0.25 percentage points and prolongs the suspension of currency-buying under the fiscal rule through December
Russia CBR raises the key rate by 0.25 percentage points and prolongs the suspension of currency-buying under the fiscal rule through December On September 14, the Central Bank of Russi...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
Russia’s economy ministry and central bank revise their forecasts
Russia’s economy ministry and central bank revise their forecasts Both the economy ministry and the CBR have lowered their forecast assumptions on the oil price after the price had decreased...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2015
Russian real disposable income still well below 2014 level
Russia Russian real disposable income still well below 2014 level Russian real disposable household incomes last year were essentially unchanged from 2017. Revenues initially showed gains i...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2019
Russian export volumes up significantly in recent years
Russia Russian export volumes up significantly in recent years Unlike other demand-side categories, the real volume of exports of goods and services grew overall at an average rate of 4 % a...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
Russian retailer Magnit sold to state-owned bank VTB
Russia Russian retailer Magnit sold to state-owned bank VTB Russian retailer Magnit sold to state-owned bank VTB Last week businessman Sergei Galitski announced he was selling nearly all h...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
Russian bank lending remains strong
Russia Russian bank lending remains strong The stock of bank corporate lending, which increased by about 10 % last year, has seen robust growth for all of this year. Helped especially ...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2021
Russia’s economic growth has continued, though slowing a bit
Russia Russia’s economic growth has continued, though slowing a bit While the on-year September increases in most sectors of the Russian economy were notably high, the economic development m...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2021
CBR takes over Promsvyazbank
Russia CBR takes over Promsvyazbank CBR takes over Promsvyazbank Last Friday (Dec. 15), the CBR announced it would start measures to prevent the bankruptcy of Promsvyazbank, the country...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2017
Russia introducing new import restrictions on public sector and SOE procurements
Russia introducing new import restrictions on public sector and SOE procurements Russia's import restrictions in recent years have been aimed at supporting domestic producers un...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2017
Russian imports exceed the level of a year ago
Russian imports exceed the level of a year ago Spending on imports of goods and services was up about 5 % y-o-y in the fourth quarter of 2016, the first increase since 3Q2013. Goods imports increased ...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2017
Tepid growth outlook for Russia
Tepid growth outlook for Russia The January update of the IMF's World Economic Outlook sees a slightly stronger revival in growth for advanced economies than in its October forecast, but...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2017
Car sales revive in Russia, while other sales remain weaker
Car sales revive in Russia, while other sales remain weaker Car sales revive in Russia, while other sales remain weaker Following three years of decline, sales of new cars have beg...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2017
Russian social security system – expensive and rigid
Russian social security system – expensive and rigid A fresh World Bank report finds Russia's social security costly and complex. Social spending on federal and regional levels, and via ...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2017
China’s arms exports grow rapidly
China’s arms exports grow rapidly According to the new data by the Stockholm International Peace Research Institute (SIPRI), China has established itself as the world’s third-largest arms exporter, a...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2016