Russia tries to promote the ruble by easing the repatriation requirement for export earnings
Russia Russia tries to promote the ruble by easing the repatriation requirement for export earnings The fresh law amendment applies to ruble-denominated export contracts, where the contracts also ca...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
US imposes new sanctions on Russia
Russia US imposes new sanctions on Russia At the beginning of August, president Donald Trump signed an executive order preventing United States financial institutions from participating in new issue...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Most forecasts see China’s GDP growth in line with official growth target
China Most forecasts see China’s GDP growth in line with official growth target Major institutional forecasts are largely in agreement that China’s economy will grow by 6.2–6.4 % this year. Chi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
China’s imports fell in the first half
China China’s imports fell in the first half China customs reports that the value of goods imports measured in US dollars fell by 4 % y-o-y in the first six months of this year. The value of im...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
United States postpones September tariff hikes on some Chinese goods until December
China United States postpones September tariff hikes on some Chinese goods until December On August 13, the US announced it would delay until December 15 the 10 % tariff hike on some of the nea...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Small recovery in Finnish exports to Russia
Russia Small recovery in Finnish exports to Russia Finnish goods exports to Russia rose by 28 % y-o-y in 3Q19. Much of the growth came from gas pipeline deliveries to the Nord Stream 2 project....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Rapid growth in Finnish-Russian trade
Rapid growth in Finnish-Russian trade In the first quarter of this year, the value of goods exported to Russia increased by nearly 30 % y-o-y. Russia's total goods imports grew at roughly the sam...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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 by high g...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Changes in structure of fixed investment in Russia
Russia Changes in structure of fixed investment in Russia Fixed investment rose by over 3 % y-o-y in the first half of this year, even if investments of large and mid-sized firms and the state, whic...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Retirement age hike approved in Russia
Russia Retirement age hike approved in Russia On September 27, the Duma, the lower house of the parliament, approved the third reading of a bill to raise the general retirement age by five year...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Yuan appreciation continues this year
China Yuan appreciation continues this year As of the first week of June, the yuan's nominal effective (trade-weighted) exchange rate, or NEER, had increased about 3 % in value since the start o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian state reduces stake in Rosneft
Russian state reduces stake in Rosneft The sale of almost a fifth of the state-majority controlled Rosneft oil company is a part of Russia's privatisation plan. Given the pressures from western s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Chinese credit stock continues to rise faster than output
Chinese credit stock continues to rise faster than output The stock of bank loans issued in yuan increased by 13.5 % last year, even if the pace of growth slowed slightly from 2015. Growth in the cor...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Forecasters largely agree on trends in China’s economy
Forecasters largely agree on trends in China’s economy The latest forecasts of major international institutions and commercial banks see the Chinese economy growing about 6.5 % this year, a level of...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s foreign currency reserves grew in the first half of the year
Russia’s foreign currency reserves grew in the first half of the year The value of Russian foreign currency reserves as of end-June stood at $393 billion, an increase of nearly $25 billion from end-D...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s public sector planning a shift to domestic software
Russia’s public sector planning a shift to domestic software At the end of July, prime minister Dmitri Medvedev approved a plan aiming at the federal administration renounce foreign computer software...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia's constitutional reforms gained majority support in referendum as expected
Russia Russia's constitutional reforms gained majority support in referendum as expected Russia postponed its referendum on constitutional changes from late April to last Wednesday (July 1) due ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
China establishes new fund to assist with reform of state-owned enterprises
China establishes new fund to assist with reform of state-owned enterprises While reform of China’s large, inefficient state-owned enterprises (SOEs) is one of the most critical reforms on the agenda...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Duma elections produce few surprises
Duma elections produce few surprises Russians went to the polls last Sunday (Sept. 18) to vote for lower-house Duma representatives. As expected, the party of power United Russia dominated, taking 54...
Bofit.fi / Bofit homepage / 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 los...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016