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
Russia’s finance ministry issued a new eurobond
Russia’s finance ministry issued a new eurobond This week Russia issued sovereign dollar-denominated eurobonds for the first time since 2013. The bond offering was seen as a means to feel out investo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s recession has slightly reduced income differences
Russia’s recession has slightly reduced income differences Rosstat reports a narrowing of income disparity a bit similar to that seen in the 2009 recession. Nominal incomes in 2015 per family member...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
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
Subsidy programmes and rate cuts support bank lending in Russia
Russia Subsidy programmes and rate cuts support bank lending in Russia The corporate loan stock experienced robust growth in the first quarter of the year as companies prepared (for example, by secu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia prepares to introduce new measures favouring domestic producers
Russia Russia prepares to introduce new measures favouring domestic producers At the end of July, president Vladimir Putin approved a law that gives the government the power to designate minimum dom...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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
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
Corporate profits return, with differences across sectors in Russia
Russia Corporate profits return, with differences across sectors in Russia There has been a strong rebound in net profit of Russia’s corporate sector after last spring’s sharp decline that resembled...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia hopes to attract investment in the Arctic territory
Russia Russia hopes to attract investment in the Arctic territory Russia has recently approved new strategies framing its policy in the Arctic region. This is particularly topical as Russia is about...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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 working-age population continues to decline despite immigration
Russia’s working-age population continues to decline despite immigration Rosstat estimates that Russia’s population at the start of 2016 was 146.5 million people. This includes the addition of the 2....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016