Lower growth in Russian construction activity
Russia Lower growth in Russian construction activity According to Rosstat, annual real growth in construction activity in 2018 was still 5.3 %. This year, growth has been non-existent....
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2019
Russian economy’s growth rate accelerated in 2018
Russia Russian economy’s growth rate accelerated in 2018 Rosstat’s first GDP growth estimate for all of 2018, released on Monday (Feb. 4), surprised both Russian and foreign analysts. Rosst...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2019
Russian government releases new guidelines for national projects
Russia Russian government releases new guidelines for national projects As part of his inaugural decrees in May 2018, president Putin set forth twelve national priority areas and a handful ...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2019
Fixed investment growth in Russia accelerated in the third quarter
Fixed investment growth in Russia accelerated in the third quarter Fixed investment was up by over 5 % y-o-y in the third quarter of this year. In the first six months, on-year growth e...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
Oil revenues continue increasing for the Russian government
Russia Oil revenues continue increasing for the Russian government The second-quarter rise in federal budget revenues was so substantial that first-half revenues were up by over 20 % y-o-y....
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
Russian household consumption recovers
Russia Russian household consumption recovers Private consumption began to recover last year, increasing in real terms by about 3.5 % y-o-y after declining by a total of 12 % over the previ...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
Wide variations in Russian manufacturing branches last year
Russia Wide variations in Russian manufacturing branches last year Wide variations in Russian manufacturing branches last year Total manufacturing output recovered only slightly last year....
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2018
Russian GDP growth remains positive
Russian GDP growth remains positive Rosstat's first estimate shows 0.5 % y-o-y GDP growth in the first quarter. The growth pace supports earlier reports from the economy ministry and central bank ...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2017
Russian central bank lowers key rate again
Russian central bank lowers key rate again At its regular meeting on April 28, the Central Bank of Russia Board decided to lower the key rate by 50 basis points to 9.25 %, effective May 2. T...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2017
Investment sluggish in Russia
Investment sluggish in Russia Fixed investment was up 2.3 % y-o-y in the first quarter. Rosstat reports that on-year growth in total fixed investment excluding small firms and those that ope...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2017
Increase in area of land classed as Russian arctic – with much less budget funding
Russia,economy Increase in area of land classed as Russian arctic – with much less budget funding At end-June, the northern and northeastern parts of the Karelian Autonomous Republic were r...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2017
Russia revises industrial output data
Russia revises industrial output data Rosstat's 2015 figures for GDP production components were revised upwards earlier this winter, and the 2016 figures were less negative than expected...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2017
Lower oil prices hurting values of ruble and other CIS currencies
Lower oil prices hurting values of ruble and other CIS currencies At end-December, ruble hit new lows for the year pulled by declining oil prices. The ruble has renewed its slide in recent days as oil...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2016
China and Russia see Panama Papers as Western attempt to destabilise their political systems
China and Russia see Panama Papers as Western attempt to destabilise their political systems The unprecedentedly large data leak on offshore companies released last week by the International...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2016
Russian central bank lowers key interest rate
Russian central bank lowers key interest rate At its monthly meeting last Friday (June 10), the Central Bank of Russia’s board of directors voted to lower the key rate by 50 basis points to ...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2016
Fitch downgrades Russia’s creditworthiness
Fitch downgrades Russia’s creditworthiness International credit ratings specialist Fitch announced last Friday (Jan. 9) that it had cut its ratings on Russian sovereign debt from BBB to BBB-...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2015
Federal budget turned to slight deficit in 2014 (Russia)
Federal budget turned to slight deficit in 2014 (Russia) Budget revenues increased by 11 % last year. There was a bigger rise in revenues in these nominal terms during the final months of th...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2015
CBR cuts key rate to 14 %
CBR cuts key rate to 14 % Last Friday (Mar. 13), the Central Bank of Russia cut its key rate one percentage point on the heels of its February lowering to 15 %. With risks of weaker economic...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2015
CBR lowers key rate
CBR lowers key rate Effective Tuesday (May 5), the Central Bank of Russia lowered its key interest rate by 1.5 percentage points to 12.5 %. It was the third rate cut this year. The central b...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2015
Loan stock growth stalls for Russian banking sector
Loan stock growth stalls for Russian banking sector The stocks of both corporate loans and loans granted to households contracted in the first four months of this year. SMEs, in particular, found it ...
Bofit.fi / BOFIT start page / Monitoring / Weekly Review / 2015