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...
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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...
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Monetary policy easing continues in Russia
Russia Monetary policy easing continues in Russia At its February meeting, the board of the Central Bank of Russia decided to reduce the key rate by another 25 basis points to 6 % p.a. Consumer...
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Fixed investment growth in Russia came to a standstill last year
BOFIT Weekly Review,Russia Fixed investment growth in Russia came to a standstill last year Russian fixed investment experienced across-the-board weakening last year, with completion of budget-funde...
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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...
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Russia’s economic development has weakened in many sectors
Russia,BOFIT Weekly Review Russia’s economic development has weakened in many sectors Russia’s output growth slowed further in November. The economic development ministry’s preliminary estimate show...
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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 ...
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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...
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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...
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Sanctions on Russia further tightened in June
Russia Sanctions on Russia further tightened in June The European Union, United States and United Kingdom expanded their economic sanctions on Russia in June. The new round of sanctions are intended...
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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...
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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...
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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...
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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...
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Central Bank of Russia lowers key rate
Russia Central Bank of Russia lowers key rate Last Friday (Oct. 25), the Central Bank of Russia lowered its key rate by 50 basis points. The new key rate is 6.5 %. The CBR board noted that 12-m...
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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...
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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...
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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...
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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...
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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...
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