In Russian labour markets wages adjust downwards relatively easily
In Russian labour markets wages adjust downwards relatively easily The Centre for Strategic Research, an institute headed by former finance minister Alexei Kudrin, recently released a wide-reaching r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Growth returns to Russian goods trade
Growth returns to Russian goods trade Fourth-quarter goods imports were up 9 % y-o-y in value terms. Growth was seen in all largest product categories, with highest growth posted for imports of machi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Russia and OPEC agree on new production limits
Russia Russia and OPEC agree on new production limits Russia, OPEC and a few other oil-producing countries announced last Friday (Dec. 7) that they were cutting back crude oil production by a t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
IMF estimates that the government sector and public sector firms account for a third of Russia’s GDP
Russia IMF estimates that the government sector and public sector firms account for a third of Russia’s GDP The International Monetary Fund seeks to clarify the interpretation of the figure of 70 % ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Profits of China's biggest banks surged last year
China Profits of China's biggest banks surged last year China's five biggest banks released their 2017 financial reports in late March. The largely state-owned banks include Commercial Bank ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian industrial output decreased; consumption continues to make a comeback
Russia Russian industrial output decreased; consumption continues to make a comeback Russian industrial output decreased; consumption continues to make a comeback After relatively mild industrial o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
China’s new communist party line-up takes shape
China’s new communist party line-up takes shape The 19th National Congress of the Communist Party of China (CPC) has been brought into conclusion with the main posts in the party hierarchy filled. Th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Trade with North Korea has little economic significance for China and Russia
China,Russia Trade with North Korea has little economic significance for China and Russia US president Donald Trump last weekend threatened to cut trade relations with countries that do business wit...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Weaker revenues and higher spending reign Russia’s federal and regional budgets
Russia Weaker revenues and higher spending reign Russia’s federal and regional budgets Due to various revenue streams other than oil & gas tax revenues, the slide in nominal federal budget reven...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
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
Russian imports plunge; value of exports remains high
Russia Russian imports plunge; value of exports remains high Western sanctions on Russia, combined with the voluntary decisions by international corporations to exit the Russian market and difficult...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022
Bulls run at Moscow Exchange
Russia Bulls run at Moscow Exchange The strong rise in oil prices (BOFIT Weekly 27/2021) and recovery of the Russian economy from the depths of last year’s Covid Recession (BOFIT Weekly 33/2021) hav...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
New sanctions on Belarus foreign trade
Russia New sanctions on Belarus foreign trade Last week marked the first anniversary of the disputed Belarus presidential election. In the interim, the Belarus government has committed extensive hum...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
International Monetary Fund predicts high economic growth this year for rich economies and tepid growth for many emerging economies
Russia International Monetary Fund predicts high economic growth this year for rich economies and tepid growth for many emerging economies The IMF’s July World Economic Outlook sees global growth at...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
China's international payments system CIPS sees higher use
China China's international payments system CIPS sees higher use China’s cross-border interbank payment system, CIPS, which is administered by the People’s Bank of China, handled 2.2 million pay...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Russia’s speedy economic recovery pushes up prices and wages
Russia Russia’s speedy economic recovery pushes up prices and wages The rapid economic recovery continued in May. Even if the pace of growth slowed or remained unchanged from previous months in many...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Covid case numbers rising in Russia; officials struggle with vaccine hesitancy
Russia Covid case numbers rising in Russia; officials struggle with vaccine hesitancy The number of confirmed covid-19 infections has risen sharply in Russia in recent weeks. Case growth has been fa...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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 import substitution commission reviews progress
Russia’s import substitution commission reviews progress At the import substitution commission meeting at the end of April, the commission’s chairman, prime minister Dmitri Medvedev, noted that by no...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Finnish trade with Russia collapsed last year
Russia Finnish trade with Russia collapsed last year Preliminary figures from Statistics Finland suggest that the value of Finnish exports of goods and services to Russia contracted by about 20 ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021