Fixed investment in Russia has grown
Russia Fixed investment in Russia has grown Growth of the real volume of fixed investment, which accelerated in the second quarter, continued its fairly good rise in the third quarter. In second qua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia prepares for serious budget tightening
Russia prepares for serious budget tightening The government earlier this month gave its initial approval to the 2017–19 federal budget framework. Finance minister Anton Siluanov said the budget reve...
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 debates course of economic policy
Russia debates course of economic policy The economic council led by the president is set to prepare over the next year a new economic policy programme for Russia that will extend through 2025. The w...
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
Russia dips further into its reserve funds
Russia dips further into its reserve funds Another 390 billion rubles ($6 billion) was lifted from the Reserve Fund in May to cover the budget deficit. The Reserve Fund at the end of May was valued a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Rapid housing loan growth in Russia continues
Russia Rapid housing loan growth in Russia continues The growth in mortgage lending accelerated in the first three months of this year. In March alone, banks granted new housing loans worth a total ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia’s services trade shrinks sharply
Russia’s services trade shrinks sharply The value of Russian services exports last year was $52 billion and services imports $88 billion. Services accounted for about 13 % of total exports and nearly...
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 approves 2016 anti-crisis economic programme
Russia approves 2016 anti-crisis economic programme Over its several weeks of planning, the anti-crisis programme has seen its price tag repeatedly reduced as Russia’s fiscal outlook faltered. Fundin...
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
Profitability of Russia’s banking sector weakens
Profitability of Russia’s banking sector weakens Growth of Russia’s banking system largely stopped last year and profitability fell significantly. The Central Bank of Russia reports the banking secto...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia shows cautious interest in green financing
Russia Russia shows cautious interest in green financing According to media reports, Russia’s central bank and finance ministry have launched initial discussions on the possibility of issuing green ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia records huge mortality increase in 2020
Russia Russia records huge mortality increase in 2020 At the end of 2020, the Russian population was about 143.8 million people (does not include the population of the illegally annexed Crimean peni...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Finnish trade with Russia collapsed last year
Russia Finnish trade with Russia collapsed last year Preliminary figures from Statistics Finland suggest that the value of Finnish exports of goods and services to Russia contracted by about 20 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Latest economic data for Russia looks promising
Russia Latest economic data for Russia looks promising The acceleration of the covid-19 pandemic in Russia during the second half of 2020 reduced economic activity due to such factors as restriction...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia seeks to renegotiate tax treaties
Russia Russia seeks to renegotiate tax treaties Russia has bilateral tax treaties with roughly 80 countries. These treaties spell out the rules that governments must follow on taxing income transfer...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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 economic recovery slowed in September
Russia Russia’s economic recovery slowed in September The service sector and primary production were still propping up the Russian economy. Other core sectors showed signs of slowing in September. P...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020