Russia plans for increased government spending, tighter monetary policy
Russia plans for increased government spending, tighter monetary policy Latest 3-year federal budget framework anticipates leap in military spending The Russian government last week approved a draft ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Ruble plummets as Russia’s current account surplus evaporates
Ruble plummets as Russia’s current account surplus evaporates The ruble’s exchange rate in August reached its lowest reading against the US dollar since spring 2022. The official ruble-dollar exchang...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Despite falling inflation, inflation risks in Russia continue to mount
Despite falling inflation, inflation risks in Russia continue to mount At its scheduled inflation meeting at the end of April, the executive board of the Central Bank of Russia left the key rate unch...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Russia’s economic contraction last year mitigated by government spending
#Russia Russia’s economic contraction last year mitigated by government spending Rosstat last week released its first assessment of Russian GDP in 2022. According to its preliminary estimate, Russia...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Russia’s hydrocarbon-centric energy security doctrine stresses import substitution
Russia Russia’s hydrocarbon-centric energy security doctrine stresses import substitution President Vladimir Putin last week (May 13) approved Russia’s updated energy security doctrine. The document...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
BOFIT Forecasts for Russia and China 2021–2023
Russia,China,forecast BOFIT Forecasts for Russia and China 2021–2023 russia We have raised our economic forecast for Russia from last autumn to reflect the rise of oil prices and price expectations....
Bofit.fi / Bofit homepage / BOFIT / News / 2021
BOFIT Forecasts for Russia and China 2020–2022
Russia,China,forecast BOFIT Forecasts for Russia and China 2020–2022 Russia With the coronavirus pandemic and drop in global commodity prices proving more severe than foreseen in the baseline of our...
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 Russian economic growth gathered steam in 2018. Rising oil prices and ruble depreciation combined to boost budget revenues...
Bofit.fi / Bofit homepage / BOFIT / News / 2019
Russia’s car manufacturing industry continues to recover
Russia Russia’s car manufacturing industry continues to recover Rosstat reports that Russian car production rose by 13.3 % from 2017 to 2018. A total of 1.8 million passenger vehicles, busses a...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia strengthens its position as China’s biggest oil supplier
China,Russia Russia strengthens its position as China’s biggest oil supplier China imported 462 million metric tons of crude oil last year, an increase of 10 % from 2017. China’s domestic oil p...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia actively engages in trade with its neighbours
Russia Russia actively engages in trade with its neighbours Although the significance and number of members of the Commonwealth of Independent States (CIS) have declined, the eleven former Soviet re...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Rapid growth in use of payment cards in Russia
Russia Rapid growth in use of payment cards in Russia The use of new forms of electronic payments has increased rapidly in Russia, and the Central Bank of Russia has clearly indicated its intention ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia has a large, but relatively poor, middle class
Russia Russia has a large, but relatively poor, middle class Alfa Bank, Russia’s largest private commercial bank, has released a study claiming that 30 % of the Russian population, about 43 mil...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
International Monetary Fund lowers growth forecast for Russia
Russia International Monetary Fund lowers growth forecast for Russia The IMF’s July update to its World Economic Outlook revise the forecast for Russia’s projected 2019 growth down from 1.6 % i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Increase in outflows of private capital from Russia
Russia Increase in outflows of private capital from Russia Preliminary balance-of-payments figures show that Russia’s net private-sector capital outflow went on in the second quarter. The net outflo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s population declines, greys and increasingly packs into cities
Russia Russia’s population declines, greys and increasingly packs into cities The UN’s latest population forecast shows the Russian population falling from its current 146 million to 135 million by ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia suspends flights to Georgia after July 8
Russia Russia suspends flights to Georgia after July 8 Last Friday (Jun. 21), President Vladimir Putin signed a decree suspending direct flights between Russia and Georgia citing heightened security...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russia’s labour force shrinks along with unemployment
Russia Russia’s labour force shrinks along with unemployment Rosstat’s latest labour market survey, which is based on the methodology of the International Labour Organization (ILO), finds that the e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Fewer sectors in Russia targeted for direct investment from abroad
Russia Fewer sectors in Russia targeted for direct investment from abroad In recent years, FDI inflows have overwhelmingly focused on the financial sector, the energy sector (basically oil & gas...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
BOFIT Forecasts for Russia and China 2021–2023 / 2
Russia,China,forecast Forecast for Russia Forecast for China https://youtu.be/hHBfFr4p68I https://youtu.be/w2tc4f0jDvc BOFIT Forecasts for Russia and China 2021–2023 russia The forecast for the ...
Bofit.fi / Bofit homepage / BOFIT / News / 2021