FDI inflows to Russia remain at low levels
Russia FDI inflows to Russia remain at low levels The net flow of inward foreign direct investment to Russia contracted slightly last year to $28 billion. In 2016, FDI numbers were boosted by the sa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Growth of Russia's defence industry slowed last year
Russia Growth of Russia's defence industry slowed last year Production of the military-industrial complex (oboronno-promyshennyi kompleks or OPK) increased last year by over 3 %, reaching a reco...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Foreign bank lending to Russia has declined notably
Russia Foreign bank lending to Russia has declined notably The Bank for International Settlements (BIS) reports that the total lending of foreign banks to Russia at the end of 2017 amounted to $122 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia and the US holding off on new sanctions
Russia Russia and the US holding off on new sanctions Russia has extended the process of handling a draft law that would impose new sanctions on the United States and possibly other countries. The l...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia’s federal budget revenues down in August
Russia Russia’s federal budget revenues down in August Nominal federal budget revenues were down by about 10 % y-o-y in August. Part of the revenue drop was cushioned from the July fall by a re...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Finnish goods trade with Russia falls by half
Russia Finnish goods trade with Russia falls by half Since March, the value of Finnish exports to Russia has fallen to about half of pre-invasion levels. After a massive drop in April, however, expo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia posts declines in gas production and gas exports
Russia Russia posts declines in gas production and gas exports Rosstat reports that Russian gas production contracted in the first six months of this year by 7 % from 1H21. Gas giant Gazprom an...
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
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
Costs to firms from regulatory practices discussed in Russia
Costs to firms from regulatory practices discussed in Russia Official inspections and Russia's new security-related laws were focal topics last year. Mikhail Abyzov, minister charged with improvi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia and OPEC agree to reduce oil output
Russia and OPEC agree to reduce oil output The Organization of Petroleum Exporting Countries, OPEC, announced on November 30 that it had reached agreement with its member countries on reducing crude ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
Unpredictability of administrative regulation diminishes corporate investment appetite in Russia
Unpredictability of administrative regulation diminishes corporate investment appetite in Russia The World Bank recently published a study (Levina & al. 2016) that examines how informal administr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
Firms with foreign ownership cutting back operations in Russia
Firms with foreign ownership cutting back operations in Russia Large and mid-sized firms with at least some share of foreign ownership reduced their personnel more than other firms over the past year...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Economic contraction has slowed down in Russia’s regions
Economic contraction has slowed down in Russia’s regions An on-year drop in retail sales was seen in nearly all of Russia’s federal districts in the first half (but less than in January-June 2015). I...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s National Welfare Fund continues to grow
Russia Russia’s National Welfare Fund continues to grow The value of the assets in the National Welfare Fund (NWF) stood at $182.6 billion at the end of 2021. In the official reporting, which uses l...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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
Central Bank of Russia keeps key rate unchanged
Central Bank of Russia keeps key rate unchanged On February 12, the CBR decided to keep the key rate unchanged at 4.25 %. The decision was in line with the expectations of market analysts. The C...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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