Russia’s consolidated budget deficit fairly small so far this year
Russia’s consolidated budget deficit fairly small so far this year The consolidated budget (which combines federal, regional and municipal budgets, plus state social funds) showed a January-...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2015
Publications
Monitoring Publications Research papers are published in our BOFIT Discussion Papers series, while topics of current interest are addressed in the BOFIT Policy Brief series. The full publication archi...
Bofit.fi / BOFIT start page
Russian economy enjoys growth spurt
Russian economy enjoys growth spurt Russia’s third quarter economic performance was surprisingly strong, but further gains are likely to be short-lived. Growth was driven by industrial produ...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2019
Wage growth varies considerably across sectors in Russia
Russia Wage growth varies considerably across sectors in Russia While the reported average wage has risen briskly, it appears that wage income has actually been rising even faster....
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
Russian inflation remains subdued, but inflation expectations are rising
Russia Russian inflation remains subdued, but inflation expectations are rising June consumer price inflation slowed slightly from 2.4 % y-o-y in May to 2.3 %. Much of the slowdown came fro...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
Russian economy continues mixed performance
Russia Russian economy continues mixed performance June economic growth was mostly driven by private consumption. After perking up in the spring months, the trend in investment-driven branc...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
CBR suspends foreign currency purchases tied to the fiscal rule until the end of September
Russia CBR suspends foreign currency purchases tied to the fiscal rule until the end of September Since the beginning of 2017, the Central Bank of Russia has purchased daily a pre-...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
Reasonable recovery in Russian domestic demand; growth in output slower
Russia Reasonable recovery in Russian domestic demand; growth in output slower The recovery in seasonally adjusted retail sales continued in April. From twelve months earlier retail sales w...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
Fast growth in household lending in 2017
Russia Fast growth in household lending in 2017 The CBR reports that the bank credit stock rose by 3.5 % when exchange rate shifts are included. The stock of corporate loans was largely unc...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
Improvement of Russia's government sector finances at all budget levels
Improvement of Russia's government sector finances at all budget levels Last year saw large gains in federal budget revenues (up 18 %), while tax revenues flowing directly to state socia...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
Ruble continues to weaken despite higher oil prices
Russia Ruble continues to weaken despite higher oil prices The world-market price of Urals-grade crude oil has soared in recent weeks, breaking the $90-a-barrel barrier in late January. Oil...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2022
Russian inflation hits historical lows
Russia Russian inflation hits historical lows Russian inflation hits historical lows Consumer prices rose by 3 % y-o-y in September, which was Russia's smallest on-year increa...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2017
Brisk growth in Russian goods trade continues
Russia,economy Brisk growth in Russian goods trade continues The dollar value of goods exports and imports rose by nearly 30 % y-o-y in the first six months of 2016. In the second quarter, ...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2017
Even with stabilisation of oil prices, the ruble has lost value in recent months
Russia Even with stabilisation of oil prices, the ruble has lost value in recent months The external value of the ruble has traditionally tracked – almost slavishly – changes in world crude...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2020
Firms with foreign ownership cutting back operations in Russia
Firms with foreign ownership cutting back operations in Russia Large and mid-sized firms with at least some share of foreign ownership reduced their personnel more than other firms over the ...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2016
Russia dips into the Reserve Fund to cover the budget deficit
Russia dips into the Reserve Fund to cover the budget deficit Russia waited until April to tap the Reserve Fund this year, withdrawing a total of 390 billion rubles ($6 billion). At...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2016
Rise in Russian consumer prices slowed in January-May
Rise in Russian consumer prices slowed in January-May May consumer prices were up less than 3 % from December, whereas ... May consumer prices were up 7.3 % y-o-y. The last time such a relatively lowe...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2016
Brexit result has had only minor impact on Russian economy so far
Brexit result has had only minor impact on Russian economy so far The immediate effects of the UK EU referendum on the Russian economy are quite marginal at this point. Oil prices fell, the ruble lost...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2016
Ruble appreciation enters third month
Ruble appreciation enters third month The ruble’s recent recovery reflects stabilisation of global oil prices and reduced foreign currency demand in Russia. Demand for foreign currency is no longer as...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2015
Recession hits Russian regions
Recession hits Russian regions Private consumption has fallen considerably. The volume of retail sales in the first half was down 6–12 % y-o-y in most of the eight ... fallen considerably. The volume ...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2015