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
Russia legitimises parallel imports of many goods as imports collapse
Russia Russia legitimises parallel imports of many goods as imports collapse Parallel importing refers to imports without the permission of the intellectual property owner that circumvent authorised...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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’s fourth large natural gas liquefaction unit started production
Russia Russia’s fourth large natural gas liquefaction unit started production In August, the first cargoes were off-loaded from the second unit (liquefied natural gas (LNG) train in professional ter...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Wage growth varies considerably across sectors in Russia
Russia Wage growth varies considerably across sectors in Russia While the reported average wage has risen briskly, it appears that wage income has actually been rising even faster. According to Ross...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Central Bank of Russia keeps key rate at 7.50 %
Russia Central Bank of Russia keeps key rate at 7.50 % At the monetary policy meeting on October 26, the CBR noted that short-term inflation risks remained elevated. The annual rate of con...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia approves 2019 federal budget and social fund budgets
Russia Russia approves 2019 federal budget and social fund budgets The finance ministry expects federal budget revenues to increase next year by about 5 % relative to this year’s expected revenues. ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia modifies rules on repatriation of foreign trade earnings
Russia Russia modifies rules on repatriation of foreign trade earnings Russia's finance ministry has sought this year to ease the forex repatriation demands on companies involved in foreign trad...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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’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 Reserve Fund shrank by 70 % last year
Russia's Reserve Fund shrank by 70 % last year The value of the Reserve Fund fell from about $50 billion at the end of 2015 to $16 billion (972 billion rubles) at the end of 2016. The amount draw...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia’s invasion also causing economic damage to Ukraine
Russia,Ukraine Russia’s invasion also causing economic damage to Ukraine The waste and destruction of Russia’s unprovoked attack on Ukraine includes harm to an economy that was just emerging from th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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 plans for federal budget deficits from 2022 to 2025
Russia Russia plans for federal budget deficits from 2022 to 2025 The government recently approved a preliminary 3-year budget proposal (2023–2025) that foresees federal budget revenues rising by 9&...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
US drafts changes to economic sanctions imposed on Russia
US drafts changes to economic sanctions imposed on Russia US drafts changes to economic sanctions imposed on Russia Last week the United States Senate voted near-unanimously to approve a bill making...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Car sales revive in Russia, while other sales remain weaker
Car sales revive in Russia, while other sales remain weaker Car sales revive in Russia, while other sales remain weaker Following three years of decline, sales of new cars have begun to rise in rece...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia releases 2011–13 GDP figures produced with new methodology
Russia Russia releases 2011–13 GDP figures produced with new methodology Russia releases 2011–13 GDP figures produced with new methodology GDP and its components for the years 2011–16 have now all ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
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
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
Central Bank of Russia tightens its monetary policy
Russia Central Bank of Russia tightens its monetary policy To tame high inflation, the Central Bank of Russia (CBR) on February 11 raised its key rate by 100 basis points to 9.5 %. The rate hik...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022