Russia’s defence industry still enjoying strong growth
Russia’s defence industry still enjoying strong growth Information collected from multiple sources indicates that Russia’s defence industry production rose about 13 % in 2012 and nearly 20 % a year i...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Accounts Chamber of Russia criticizes special economic zones
Accounts Chamber of Russia criticizes special economic zones An investigation by the Accounts Chamber of Russia (ACR) finds that special economic zones (SEZs) have given only little support to the ec...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Despite unprecedented budget-cutting, Russia posts large government deficits
Despite unprecedented budget-cutting, Russia posts large government deficits Revenues to the consolidated government budget (includes federal, regional and municipal budgets plus state social funds) ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s national payments card system moves ahead
Russia’s national payments card system moves ahead Under amendments to the payments system act in spring 2014, all card payments made in Russia need to be settled through a national payments clearing...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
The EU and US put more economic sanctions on Russia
Russia The EU and US put more economic sanctions on Russia On April 8, the EU approved a fifth sanctions package against Russia that includes a variety of new restrictive measures. In addition to ba...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia announces changes in banking supervision and restructuring troubled banks
Russia announces changes in banking supervision and restructuring troubled banks The weeding out of weak players in the banking sector has meant that the amount of support funds needed by Russia'...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia's development plans are complemented with strategic initiatives
Russia Russia's development plans are complemented with strategic initiatives Russia’s long-term economic policy is based on the National Goals for 2030 announced by president Putin in July 2020...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Finnish exports to Russia finally on the rise
Finnish exports to Russia finally on the rise After contracting for 14 consecutive quarters in annual terms, thevalue of goods exports rose 6 % y-o-y in 4Q16. Fastest growth was recorded for metals e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia approves strategy for reducing greenhouse gas emissions
Russia Russia approves strategy for reducing greenhouse gas emissions Issues related to climate change have recently gained prominence in Russia’s economic policy discussion. Much of the conversatio...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia has yet to see clear upturn in business cycle
Russia has yet to see clear upturn in business cycle Key economic indicators for June and July failed to show a distinct uptick in the Russian economy, even if positive growth is clearly taking hold ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Central Bank of Russia kept key rate unchanged
Russia Central Bank of Russia kept key rate unchanged On December 18, the CBR decided to keep the key rate unchanged at 4.25 %, the level at which it has remained since last July. In issuing it...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia approves anti-corruption plan for 2021−2024
Russia Russia approves anti-corruption plan for 2021−2024 In August, president Vladimir Putin issued a decree requiring numerous authorities at the federal, regional and municipal levels to adjust t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Growth of Russia’s banking sector has stalled
Growth of Russia’s banking sector has stalled Household deposits held by banks increased at a brisk pace last year and the early months of 2016. More recently, however, the stream of household deposi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
High variation in growth trajectories among Russia's manufacturing branches
Russia High variation in growth trajectories among Russia's manufacturing branches High variation in growth trajectories among Russia's manufacturing branches Manufacturingoutput overall sh...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia’s foreign currency and gold reserves hit record high
Russia Russia’s foreign currency and gold reserves hit record high At an estimated $630 billion, Russia had the world’s fifth largest foreign currency and gold reserves at the end of 2021. The value...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia drops slightly in the Doing Business 2017 rankings
Russia drops slightly in the Doing Business 2017 rankings The World Bank’s latest business environment survey ranks Russia 40th out of 190 countries. Russia’s current ranking puts it on par with Bulg...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Several hundred firms in Finnish ownership in Russia
Several hundred firms in Finnish ownership in Russia The latest figures from Statistics Finland show 380 subsidiaries of Finnish firms operating in Russia in 2013. The net sales of Finnish subsidiar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
IMF repeats its calls for Russia to implement economic reforms
IMF repeats its calls for Russia to implement economic reforms A report on the IMF’s annual Article IV consultations with Russia states that Russian GDP is expected to contract 3.4 % this year and t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia drops to sixth place among Finnish export markets
Russia drops to sixth place among Finnish export markets After falling for a couple years, Finland’s exports to Russia decreased by an additional third on-year in January-March to €700 million. In th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
EU and Russia squabble over Russian import tariffs continues
EU and Russia squabble over Russian import tariffs continues In late February, the European Commission asked the WTO to assemble a dispute panel to rule on import duties imposed by Russia on paper pr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015