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
Poor health lowers Russia’s ranking in human capital comparisons
Russia Poor health lowers Russia’s ranking in human capital comparisons Russia’s “human capital” (the knowledge, skills, talents and capabilities of its population) can be evaluated by different met...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
FIFA World Cup boosted Russia’s tourism exports in summer
Russia FIFA World Cup boosted Russia’s tourism exports in summer During summer tourist season, which runs from April to September, foreign visitors spent about 8 billion dollars (an increase of 45 %...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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
Changes in structure of fixed investment in Russia
Russia Changes in structure of fixed investment in Russia Fixed investment rose by over 3 % y-o-y in the first half of this year, even if investments of large and mid-sized firms and the state, whic...
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
Tax code revisions impact Russia's oil sector
Russia Tax code revisions impact Russia's oil sector In recent years, the emphasis on taxation of the oil sector has gradually shifted from exports to production. New revisions of the tax code, ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russia approves changes in taxation on consumption and corporations
Russia Russia approves changes in taxation on consumption and corporations The changes to the tax laws signed by president Putin early this month enter into force at the beginning of 2019. Although ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Nationwide increases of manufacturing output and retail sales in Russia
Russia Nationwide increases of manufacturing output and retail sales in Russia Manufacturing output continued to rise in the first half of this year in almost all federal districts, even if the pace...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
OPEC and Russia agree to keep production pact in place
Russia OPEC and Russia agree to keep production pact in place At the end of 2016, Russia agreed with OPEC and a number of other oil-producing countries on a regime of voluntary production ceilings t...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
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
Gas dispute between Russia and Ukraine continues to flame
Russia Gas dispute between Russia and Ukraine continues to flame Gas dispute between Russia and Ukraine continues to flame The Stockholm arbitration court ruled last week (Feb. 28) on gas transit f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Foreign currency sovereign credit ratings on Russia upgraded
Foreign currency sovereign credit ratings on Russia upgraded Standard & Poor's last week raised its rating of Russian sovereign foreign bonds to investment grade (BBB-). The earlier junk-grad...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Ruble plummets as Russia’s current account surplus evaporates
Ruble plummets as Russia’s current account surplus evaporates The ruble’s exchange rate in August reached its lowest reading against the US dollar since spring 2022. The official ruble-dollar exchang...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Primary production up in Russia; manufacturing hardly at all
Russia Primary production up in Russia; manufacturing hardly at all At the end of last year, a nearly six-month slide in seasonally-adjusted industrial output stopped. For 2017 overall, industrial o...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Despite falling inflation, inflation risks in Russia continue to mount
Despite falling inflation, inflation risks in Russia continue to mount At its scheduled inflation meeting at the end of April, the executive board of the Central Bank of Russia left the key rate unch...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
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