Finland’s exports to Russia shrank further
Finland’s exports to Russia shrank further The value of Finnish goods exports to Russia was down 8 % y-o-y in 3Q16, and down 3 % y-o-y for September. Machinery & equipment and chemicals form the ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia's middle class hit by recession
Russia's middle class hit by recession A new Sberbank survey finds that the number of Russians that see themselves as middle class has declined sharply over the past two years. A study from the I...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia seeks ways to reduce grey pay
Russia seeks ways to reduce grey pay Facing budgetary shortfalls, the government is trying to increase revenues also by improving tax collection. Finance minister Siluanov has noted that grey wages ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Debate on oil taxation continues in Russia
Debate on oil taxation continues in Russia The finance ministry has prepared a proposal that calls for shifting the emphasis from taxing production and exports to taxing oil company profits. The appr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia posts weak economic figures for May
Russia posts weak economic figures for May Several short-term economic indicators suggest growth has not yet returned to Russia. While May industrial output was up 0.7 % y-o-y overall and manufacturi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Consumption down across Russia in 2015
Consumption down across Russia in 2015 Retail sales volumes fell 8–13 % in six of Russia’s federal districts, a significantly larger drop than in the 2009 recession. Of Russia’s 83 administrative re...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia discusses caps on oil production
Russia discusses caps on oil production The energy ministers of Russia and Saudi Arabia, the world’s two largest crude exporters, met last week with representatives from Kuwait and Venezuela. They ag...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia behind China in most international comparisons
Russia behind China in most international comparisons The latest World Economic Forum (WEF) Global Competitiveness Report 2015-16, which rates competitiveness among 140 countries, ranks Russia 45 and...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s foreign debt remains unchanged
Russia’s foreign debt remains unchanged The Central Bank of Russia estimates that Russia’s foreign debt stood at nearly $560 billion (30 % of GDP) as of end-June. Russia’s second-quarter foreign deb...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia resumes TIR freight customs arrangement
Russia resumes TIR freight customs arrangement Goods shipments under the TIR treaty (Transports Internationaux Routiers or International Road Transport) enjoy expedited treatment at border crossings...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Real wages continue to slide in Russia
Real wages continue to slide in Russia Real wages declined in the fourth quarter of 2014 – the first time this has happened since the 2009 recession. The decrease has continued this year. For Januar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
BOFIT Forecast for Russia 2026–2028 / 1
Russia,forecast BOFIT Forecast for Russia 2026–2028 / 1 Growth of the Russian economy slowed to 1 percent last year. Weaker trends in private consumption and fixed investment were major drags on gro...
Bofit.fi / Bofit homepage / BOFIT / News / 2026
Transit shipments through Finland to Russia contracted sharply last year, while transit freight from Russia rose
Transit shipments through Finland to Russia contracted sharply last year, while transit freight from Russia rose The value of transit freight to Russia via Finland contracted last year by over a fift...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Bank of Russia cuts key rate again
Russia Bank of Russia cuts key rate again Last Friday (Dec. 13), the Central Bank of Russia board of directors decided to cut the CBR key rate by 25 basis points to 6.25 %. The CBR said th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Concerns emerge over Russia’s slowing growth
russia,economy,BOFIT Weekly Review Concerns emerge over Russia’s slowing growth Rosstat this week affirmed its preliminary first-quarter GDP growth estimate of 1.4 % y-o-y, bolstering the view that ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Russia lays out hydrocarbon-based energy strategy
Russia,energy,economy Russia lays out hydrocarbon-based energy strategy The Russian government prepares a national energy strategy at regular intervals. The 2009 strategy paper, which covered the p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
BOFIT Forecast for Russia 2024-2026 / 2
<p>The latest forecast from BOFIT, the Bank of Finland’s Institute for Emerging Economies, sees Russian economic growth this year exceeding its previous estimate made last April. The higher 2024...
Bofit.fi / Bofit homepage / BOFIT / News / 2024
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 2022–2023 / 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
Russia brings in a hearty harvest
Russia Russia brings in a hearty harvest Two years ago weather conditions were very good, but last year heat and drought reduced the harvest. This year weather was again rather favourable. Harvests ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019