Rosneft completes sale of 15 % stake in Vankorneft to the Indian ONGC
Rosneft completes sale of 15 % stake in Vankorneft to the Indian ONGC The Indian state energy company ONGC Videsh this week acquired a 15 % stake in Rosneft subsidiary Vankorneft for $1.3 billion. Th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Chinese officials take on restructuring of problematic state enterprises
Chinese officials take on restructuring of problematic state enterprises China’s state media report the State Council decided at its May meeting to restructure 345 state-owned “zombie” companies whic...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s banking laws now meet Basel III criteria
Russia’s banking laws now meet Basel III criteria The Basel Committee for Banking Supervision, which operates under the Bank for International Settlements, reports that Russia is compliant with the B...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
China strengthens its Silk Road strategy in the Middle East
China strengthens its Silk Road strategy in the Middle East President Xi Jinping last week toured Saudi Arabia, Egypt and Iran to promote Chinese economic relations. His first Middle-East visit also ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia's import recovery slows; outflows of private capital increase slightly
Russia Russia's import recovery slows; outflows of private capital increase slightly Measured in US dollars, the official currency for reporting the value of Russian foreign trade and balance-of...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Relatively slow growth outlooks for Russian economy
Russia Relatively slow growth outlooks for Russian economy Updated forecasts from the IMF and World Bank expect Russian GDP growth to reach 1.7 % this year. The Central Bank of Russia sees similar g...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Uneven growth outlooks for countries in CIS region
Russia Uneven growth outlooks for countries in CIS region Uneven growth outlooks for countries in CIS region The latest IMF forecasts predict GDP growth for nearly all countries in the CIS region t...
Bofit.fi / Bofit homepage / 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 his holdin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Pork prices swing Chinese consumer price inflation into negative territory
China Pork prices swing Chinese consumer price inflation into negative territory Consumer prices slid by 0.5 % y-o-y in November. The drop was led by a 13 % y-o-y drop in the price of pork...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
CBR registers new national credit-rating agency ACRA
CBR registers new national credit-rating agency ACRA Under Russia’s credit-rating companies act of June 2015, all credit-rating agencies giving national ratings must register with the CBR by January...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
China’s foreign trade stumbles in first quarter
China’s foreign trade stumbles in first quarter The value of China’s goods exports fell 10 % y-o-y to $464 billion in the first three months of this year. Exports to all of China’s main markets decli...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s unprovoked attack on Ukraine draws massive economic sanctions from the West
Russia Russia’s unprovoked attack on Ukraine draws massive economic sanctions from the West The new sanctions include restrictions on the financial sector, export bans and sanctions targeting specif...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
President Tokayev consolidates power in Kazakhstan
Russia President Tokayev consolidates power in Kazakhstan Rising fuels prices at the beginning of January ignited a wave of protests across Kazakhstan. To bring the violent protests under control, P...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
China sets out priorities for 2022 economic policy
China China sets out priorities for 2022 economic policy The Central Economic Work Conference convened in Beijing last week (Dec. 8–10) to decide economic policy priorities for next year. The main p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
China foreign trade revived in the first two months of the year
China foreign trade revived in the first two months of the year The value of imports measured in dollars increased by 26 % y-o-y in January-February. The value of exports remained at the same level a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
January-February sees lower industrial output growth and pick-up in apartment sales in China
January-February sees lower industrial output growth and pick-up in apartment sales in China Industrial output growth slowed to 5 % y-o-y in January February, continuing a trend of steady decline in ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Chinese economic growth continues to slow
Chinese economic growth continues to slow July figures released this week on foreign trade and trends in the domestic economy support the view that China’s economy continues to slow. Even so, China’s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Foreign investors reduce their stock investments in mainland China
Foreign investors reduce their stock investments in mainland China PBoC figures show yuan assets held by foreign investors in June were worth 4.42 trillion yuan (€645 billion), or about 10 billion y...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia drops to sixth place among Finnish export markets
Russia drops to sixth place among Finnish export markets After falling for a couple years, Finland’s exports to Russia decreased by an additional third on-year in January-March to €700 million. In th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Rosneft divests its holdings in Venezuela to avoid US sanctions
Russia Rosneft divests its holdings in Venezuela to avoid US sanctions On March 28, Russia’s largest oil company, Rosneft, announced that it had sold off all its operations in Venezuela to another R...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020