Large hikes in revenue and spending of Russia's preliminary budget framework
Russia Large hikes in revenue and spending of Russia's preliminary budget framework In its presentation of the first draft of the three-year budget framework, the finance minis...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
BOFIT’s latest forecast sees Russian economic growth falling to 1 % this year
Russia BOFIT’s latest forecast sees Russian economic growth falling to 1 % this year The acceleration of Russian economic growth to 2.3 % last year was largely driven by transient...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2019
Russia approves 2019 federal budget and social fund budgets
Russia Russia approves 2019 federal budget and social fund budgets The finance ministry expects federal budget revenues to increase next year by about 5 % relative to this year’s expected re...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
The third unit of the natural gas liquefaction plant in Yamal went into operation in November
Russia The third unit of the natural gas liquefaction plant in Yamal went into operation in November The plant is located on the coast of the Arctic Ocean. It brought its first unit, or tra...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
Difficult to form a full picture of Russia’s sizeable public sector procurements
Russia Difficult to form a full picture of Russia’s sizeable public sector procurements Russia’s finance ministry reports that public sector contracts made last year ...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2019
Russian defence spending declines, but remains substantial
Russia Russian defence spending declines, but remains substantial Russia's finance ministry reports that government defence spending fell by 25 % in nominal ruble terms last ye...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
Russian economy continues to recover
Russia Russian economy continues to recover Preliminary figures show Russian GDP contracted by about 1 % in the first quarter of this year. In the fourth quarter of 2020, GDP was still...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2021
Fixed investment in Russia recovered in late 2020
Russia Fixed investment in Russia recovered in late 2020 Following a decline last spring, fixed investment was down by about 5 % y-o-y in real terms in both the second and thi...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2021
CBR announced organisational changes to improve banking supervision
CBR announced organisational changes to improve banking supervision In recent years, the Central Bank of Russia has worked determinedly to clean up the banking sector from financial institut...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2016
Russia debates course of economic policy
Russia debates course of economic policy The economic council led by the president is set to prepare over the next year a new economic policy programme for Russia that will extend t...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2016
Private demand down sharply in Russia
Private demand down sharply in Russia Following December’s shopping spree sparked by the ruble’s fall, the volume of seasonally adjusted retail sales fell three months in a row. Thus, first...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2015
Russian ruble has strengthened substantially
Russia Russian ruble has strengthened substantially Before Russia’s invasion of Ukraine in late February, the ruble-dollar exchange rate stood at about 75 rubles to the dollar. The...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2022
Russia discusses how to invest government reserve fund assets
Russia Russia discusses how to invest government reserve fund assets The discussion has focused on investing liquid assets in the National Welfare Fund (NWF) when the liquid assets exceed a&...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2019
Russia posted good economic growth in 4Q21; manufacturing particularly strong
Russia Russia posted good economic growth in 4Q21; manufacturing particularly strong Russia’s economy ministry released estimates for the recovery of GDP from the 2020 recession. In...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2022
Fixed investment in Russia has grown
Russia Fixed investment in Russia has grown Growth of the real volume of fixed investment, which accelerated in the second quarter, continued its fairly good rise in the third quar...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2021
Corporate profits return, with differences across sectors in Russia
Russia Corporate profits return, with differences across sectors in Russia There has been a strong rebound in net profit of Russia’s corporate sector after last spring’s s...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2021
China stays with its diversified energy import strategy; natural gas consumption and imports on the rise
imports last year rose to 320 million tons (7 % of consumption), an increase of more than 6 % y-o-y. China imposed a ban on Australian coal imports in 2020 and shifted its supply emphasis to...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2022
Russian inflation rises to levels not seen for years
global phenomenon and largely reflects transitory supply issues. The rapid recovery in demand has also contributed to higher prices as production capacity in Russia is approaching it limits. ...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2021
Recovery in Russian fixed investment
Russia Recovery in Russian fixed investment Recovery in Russian fixed investment The volume of fixed investmentrose by well over 6 % y-o-y in the second quarter. For the first half, growth...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2017
Ruble exchange rate fluctuations in recent weeks fairly muted compared to the huge swings in oil prices
Russia Ruble exchange rate fluctuations in recent weeks fairly muted compared to the huge swings in oil prices Recent weeks have seen large daily moves in oil prices. For example, the price...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2020