Number of banks in Russia continues to fall
Number of banks in Russia continues to fall There were just 783 banks operating in Russia at the end of July, down about 10 % from a year earlier. The reduction reflects license cancellations and ba...
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
Forecasters slightly improve their Russia forecasts for this year
Forecasters slightly improve their Russia forecasts for this year In May and June, a number of authorities, including Russia’s economy ministry, the Central Bank of Russia, the IMF, the World Bank, ...
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
Russia rolls out various measures in response to Western sanctions
Russia Russia rolls out various measures in response to Western sanctions Russia has responded to Western sanctions by restricting exports of goods in order to both mitigate harm to Russia and ampli...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia was Finland’s sixth-largest export market in 2021
Russia was Finland’s sixth-largest export market in 2021 Preliminary figures from Statistics Finland show that the value of Finland’s exports of goods and services to Russia last year amounted to 4.4...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Russia posted good economic growth in 4Q21; manufacturing particularly strong
Russia Russia posted good economic growth in 4Q21; manufacturing particularly strong Russia’s economy ministry released estimates for the recovery of GDP from the 2020 recession. In the fourth quart...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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
Central Bank of Russia continued to tighten monetary policy
Central Bank of Russia continued to tighten monetary policy Last Friday (Dec. 17), the Central Bank of Russia (CBR) hiked its key rate by a full percentage point to deal with accelerating inflation. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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’s economic growth has continued, though slowing a bit
Russia Russia’s economic growth has continued, though slowing a bit While the on-year September increases in most sectors of the Russian economy were notably high, the economic development ministry ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia’s share of global investment falls sharply
Russia’s share of global investment falls sharply The latest report from the UN agency UNCTAD finds that the flow of foreign direct investment into Russia last year slowed substantially to just $10 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s public sector planning a shift to domestic software
Russia’s public sector planning a shift to domestic software At the end of July, prime minister Dmitri Medvedev approved a plan aiming at the federal administration renounce foreign computer software...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Presidents of Russia and Turkey try to repair economic relations
Presidents of Russia and Turkey try to repair economic relations Russia-Turkey relations cooled substantially last November after Turkey shot down a Russian fighter jet. Russia’s retaliatory measures...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
EU and Russia decide to keep sanctions in place
EU and Russia decide to keep sanctions in place The EU last week decided to continue sanctions on Russia through January 31, 2017. These sanctions were first imposed on August 1, 2014 in response to ...
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
Finnish exports to Russia may be closing the bottom
Finnish exports to Russia may be closing the bottom The value of goods exports in January-March was €600 million, or 14 % less than in the same period a year earlier. Exports were at their lowest qua...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia pension terms will tighten gradually for certain government workers
Russia pension terms will tighten gradually for certain government workers A recent change in the law affects those with official posts mainly in administration at federal, regional and municipal lev...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016