Tough negotiations over Russia’s 2016 federal budget continue
Tough negotiations over Russia’s 2016 federal budget continue President Vladimir Putin last week declared that the federal budget deficit next year should not exceed 3 % of GDP. Putin’s target matche...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
No easing of depressed demand and output in Russia
No easing of depressed demand and output in Russia Rosstat reports that the volume of seasonally adjusted retail sales was unchanged in July-August, i.e. the same as in the preceding half a year. Sin...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Significant changes again in structure of investments in Russia
Significant changes again in structure of investments in Russia Overall investment in the economy in the first half of this year contracted over 5 % y-o-y, but there were significant variations acros...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s economy ministry and central bank revise their forecasts
Russia’s economy ministry and central bank revise their forecasts Both the economy ministry and the CBR have lowered their forecast assumptions on the oil price after the price had decreased since mi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Multiple impacts on Russia’s labour market from current recession
Multiple impacts on Russia’s labour market from current recession Despite a strong pick-up in inflation, the rise of private sector wages in nominal ruble terms has stayed at a record-slow rate this ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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
Consumption, real incomes and household borrowing in Russia remain down
Consumption, real incomes and household borrowing in Russia remain down The seasonally adjusted volume of retail sales in June still remained virtually unchanged and was thus down nearly one tenth f...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Several hundred firms in Finnish ownership in Russia
Several hundred firms in Finnish ownership in Russia The latest figures from Statistics Finland show 380 subsidiaries of Finnish firms operating in Russia in 2013. The net sales of Finnish subsidiar...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s current account surplus persists, outbound capital flow diminishes
Russia’s current account surplus persists, outbound capital flow diminishes Preliminary balance-of-payments figures show that Russia’s current account surplus amounted to nearly $20 billion in the se...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia spending oil funds in the first half
Russia spending oil funds in the first half Over the past decade, Russia has accumulated tax revenue from oil and gas export earnings in two state funds. The Reserve Fund is used to fund fiscal defi...
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 to impose bans on raw wood exports
Russia Russia to impose bans on raw wood exports At the end of September, president Vladimir Putin stated that raw wood exports of softwoods (conifers) and valuable hardwoods (oak, beech and ash) sh...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
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
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’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
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
High demand for Russia’s Deposit Insurance Agency funds
High demand for Russia’s Deposit Insurance Agency funds Some 838 banks currently participate in Russia’s deposit insurance scheme. The arrangement covers the deposits of a private individual up to 1....
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016