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
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 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 fixed investment structure continued to shift last year
Russia’s fixed investment structure continued to shift last year After declining 1.5 % in 2014, the volume of fixed capital investment in the Russian economy declined by over 8 % last year. Rosstat e...
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
Falling imports kept Russia’s current account in surplus
Falling imports kept Russia’s current account in surplus Preliminary balance-of-payments figures show that Russia’s current account surplus contracted slightly on-year in January-March, but was stil...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia moves to limit public sector wage hikes
Russia moves to limit public sector wage hikes On Monday (Apr. 6), president Vladimir Putin signed an amendment suspending current law on public sector wages for the next nine months. The law mandate...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Major institutions lower their outlooks for Russia and Ukraine.
Major institutions lower their outlooks for Russia and Ukraine. The World Bank, IMF and EBRD have all released revised outlooks for Russia. Noting low crude oil prices, economic sanctions and structu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia launches its own national card payment system
Russia launches its own national card payment system Russia moved ahead with its own card payment system after Visa and MasterCard blocked payment processing for US-sanctioned Russian banks amidst th...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia bans re-export of plant products from Bulgaria
Russia bans re-export of plant products from Bulgaria The ban is designed to prevent imports of EU plant products from circumventing Russia’s ban in food imports imposed last August. The Federal Serv...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Federal budget turned to slight deficit in 2014 (Russia)
Federal budget turned to slight deficit in 2014 (Russia) Budget revenues increased by 11 % last year. There was a bigger rise in revenues in these nominal terms during the final months of the year, r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
Russia’s foreign goods trade recovered; corporate capital outflow rose
Russia Russia’s foreign goods trade recovered; corporate capital outflow rose As expected, preliminary balance-of-payments figures from the Central Bank of Russia show that export revenues and impor...
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
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
Fixed investment in Russia recovered in late 2020
Russia Fixed investment in Russia recovered in late 2020 Following a decline last spring, fixed investment was down by about 5 % y-o-y in real terms in both the second and third quarters. It re...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Central Bank of Russia keeps key rate unchanged
Central Bank of Russia keeps key rate unchanged On February 12, the CBR decided to keep the key rate unchanged at 4.25 %. The decision was in line with the expectations of market analysts. The C...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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 and Ukraine implement further trade sanctions against each other
Russia and Ukraine implement further trade sanctions against each other With the entry into force of the free-trade agreement between Ukraine and the EU at the start of this year, Russia set its free...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Russia’s inflation tick-up may be fairly transient
Russia Russia’s inflation tick-up may be fairly transient In March, 12-month consumer price inflation remained rather moderate at 2.5 %. However, the month-on-month inflation accelerated to 0.6...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russia tightens measures to slow spread of coronavirus
Russia Russia tightens measures to slow spread of coronavirus Russia’s restrictions were moderate still in March but have been now tightened considerably with the rise in COVID-19 cases. President V...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020