Russia and Belarus discuss deeper economic integration
Russia Russia and Belarus discuss deeper economic integration At the beginning of September, Russian Prime Minister Medvedev and Belarusian Prime Minister Rumas signed an action plan on creating a r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
BOFIT Forecast for Russia 2023-2024 / 2
#Russia #forecast BOFIT Forecast for Russia 2023–2024 is published For the first half of this year, Russia’s economy clearly outperformed our previous forecast. While much of the up-side surprise ca...
Bofit.fi / Bofit homepage / BOFIT / News / 2023
BOFIT Forecast for Russia 2023-2024 / 1
Russia,forecast BOFIT Forecast for Russia 2023–2024 is published Russia’s unprovoked invasion of Ukraine and the economic sanctions imposed on Russia drove the Russian economy to the verge of crisis...
Bofit.fi / Bofit homepage / BOFIT / News / 2023
BOFIT Forecast for Russia 2022-2024 / 1
Russia,forecast BOFIT Forecast for Russia 2022–2024 is published Russia’s invasion of Ukraine is having profound impacts on Russia’s economic future. Western sanctions continue to raise both the dir...
Bofit.fi / Bofit homepage / BOFIT / News / 2022
BOFIT Forecast for Russia 2022–2023 / 1
Russia,forecast,Ukraine BOFIT Forecast for Russia 2022–2023 is published Russia’s war on Ukraine is hurting the Russian economy. In light of instability and uncertainty in Russia, increased internat...
Bofit.fi / Bofit homepage / BOFIT / News / 2022
BOFIT Forecasts for Russia and China 2020-2022
Russia,China,forecast BOFIT Forecasts for Russia and China 2020–2022 Russia We have reduced substantially our forecast for Russian GDP growth to -1 % for this year due to notably lower commodit...
Bofit.fi / Bofit homepage / BOFIT / News / 2020
BOFIT Forecasts for Russia and China 2019-2021
Russia,China,forecast BOFIT Forecasts for Russia and China 2019–2021 Russia Russia’s high growth last year was spurred by transient factors, and growth is expected to subside to lower levels this ye...
Bofit.fi / Bofit homepage / BOFIT / News / 2019
Russia posts tepid first-half growth
Russia Russia posts tepid first-half growth Although Russian GDP grew by over 2 % last year, the pace of growth slowed to just 0.5 % in the first quarter of this year (BOFIT Weekly 21/2019). Ne...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia tries to strengthen import substitution policy
Russia Russia tries to strengthen import substitution policy In February, Russia’s ministry of industry and trade released a draft decree which would limit public procurement. The decree would requi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Central Bank of Russia lowers key rate
Russia Central Bank of Russia lowers key rate On June 14, the Central Bank of Russia, as markets anticipated, lowered the key rate by 25 basis points. The key rate is now 7.5 %. The CBR said their d...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s economic growth remained slow
Russia Russia’s economic growth remained slow The preliminary Rosstat figure shows Russian second-quarter GDP growth was 0.9 % y-o-y. When combined with first-quarter GDP growth of 0.5 %, first...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s goods trade stays rather flat
Russia Russia’s goods trade stays rather flat . According to Russian customs service, the dollar value of Russian goods imports in the second quarter declined by 3 % y-o-y. The earlier sha...
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
Russia continues to accumulate foreign currency reserves
Russia Russia continues to accumulate foreign currency reserves The CBR’s foreign currency and gold reserves have grown quickly this year. As of August 1, the reserves stood at about 520 billio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Finnish exports to Russia slackened last year
Russia Finnish exports to Russia slackened last year The trend in Finnish-Russian trade last year reflected Russian foreign trade generally. Due in part to ruble depreciation, Russians cut back on t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Venezuela causes headaches for China and Russia
China,Russia Venezuela causes headaches for China and Russia Amidst Venezuela’s catastrophic economic crisis and political impasse, opposition leader Juan Guaidó declared himself interim presid...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Consumer price inflation accelerated in Russia
Russia Consumer price inflation accelerated in Russia The year-on-year change in consumer prices picked up in December to 4.3 %. In early autumn, consumer price inflation was running at 3.5...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
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
Russia's public finances in overall balance
Russia Russia's public finances in overall balance Revenues to the consolidated budget (federal, regional and local budgets plus state social fund budgets) increased by over 15 % y‑o‑y in the fi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia approves laws establishing domestic tax havens
Russia Russia approves laws establishing domestic tax havens Under a package of new laws, Russia will establish special administrative zones on Russky Island next to Vladivostok and on Oktyabrsky Is...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018