Companies in Russia rely largely on domestic banks for financing
Russia Companies in Russia rely largely on domestic banks for financing Sanctions limit access to foreign lenders The access of large Russian corporations to international financial markets is extre...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Latest BOFIT Forecast for Russia sees lower economic growth ahead
Latest BOFIT Forecast for Russia sees lower economic growth ahead In the March update of our Forecast for Russia 2024–2026, we highlight capacity constraints as a major cause of Russia’s economic slo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Russia plans further increases in government spending despite deficits
Russia plans further increases in government spending despite deficits Russia’s federal budget remained in deficit in 2023 According to the preliminary assessment released by Russia’s finance ministr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Inflationary pressures in Russia still on the rise
Russia Inflationary pressures in Russia still on the rise Retail sales and war-related industries drove output growth in October Russia’s ministry for economic development estimates that GDP grew by...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Ruble sinks even as Russia’s current account surplus grows
Ruble sinks even as Russia’s current account surplus grows Current account surplus increased in the third quarter Preliminary figures released by the Central Bank of Russia show the country’s third-q...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
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
Implementation of Russia’s national projects plods ahead
Russia Implementation of Russia’s national projects plods ahead Total funding for the 13 national projects is scheduled to exceed 3 % of forecast GDP during 2019−2024. This includes the roughly...
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 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 and OPEC agree on new production limits
Russia Russia and OPEC agree on new production limits Russia, OPEC and a few other oil-producing countries announced last Friday (Dec. 7) that they were cutting back crude oil production by a t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Fixed investment growth in Russia accelerated in the third quarter
Fixed investment growth in Russia accelerated in the third quarter Fixed investment was up by over 5 % y-o-y in the third quarter of this year. In the first six months, on-year growth exceeded 3...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018