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
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 forecasts economic contraction in 2020 for Russia
BOFIT forecasts economic contraction in 2020 for Russia Our latest outlook for the Russian economy is far gloomier than our previous forecast from last October, due to the recent collapse in oil pric...
Bofit.fi
Russia bans travel to Turkey and restricts imports
Russia bans travel to Turkey and restricts imports In reaction to Turkey’s shooting down of a Russian military jet on November 24, Russia’s foreign minister immediately declared a terrorist threat in...
Bofit.fi
Role of state-owned enterprises rising in Russia
Role of state-owned enterprises rising in Russia Seven of the top ten companies listed among the largest Russian firms of 2014 based on sales were state owned, according to Expert, a Russian business...
Bofit.fi
Russia’s foreign debt fell in the third quarter
Russia’s foreign debt fell in the third quarter Preliminary Central Bank of Russia figures put Russia’s foreign debt at $522 billion as of end-September, down by just over $30 billion from end-June. ...
Bofit.fi
Private sector capital flows between Russia and abroad remain modest
Private sector capital flows between Russia and abroad remain modest Preliminary balance-of-payments figures show private sector net capital flow reversed in the third quarter mildly into Russia. Ban...
Bofit.fi
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
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
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
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
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
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
Russia’s foreign trade collapsed in the first quarter
Russia’s foreign trade collapsed in the first quarter The value of goods exports plunged 28 % y-o-y, mainly on lower export prices. Export volumes of many products, in fact, increased. Crude oil expo...
Bofit.fi
EU and Russia squabble over Russian import tariffs continues
EU and Russia squabble over Russian import tariffs continues In late February, the European Commission asked the WTO to assemble a dispute panel to rule on import duties imposed by Russia on paper pr...
Bofit.fi
Russia refining an increasing share of its oil production domestically
Russia refining an increasing share of its oil production domestically While crude oil production increased slightly in 2014 (0.5 %), the volume of crude oil exports decreased 6 % y-o-y. This means ...
Bofit.fi
Russia’s national payments card system moves ahead
Russia’s national payments card system moves ahead Under amendments to the payments system act in spring 2014, all card payments made in Russia need to be settled through a national payments clearing...
Bofit.fi
Russia’s state-owned Vnesheconombank needs large support
Russia’s state-owned Vnesheconombank needs large support Most estimates put Vnesheconombank’s (VEB) needs for support funding at €15–20 billion to cover at least the next few years. The government c...
Bofit.fi
BOFIT Visiting Researcher Programme's application period is open!
<p><strong>BOFIT Visiting Researcher Programme - Call for autumn/winter 2025</strong></p> <p><strong>Application period is open until April 27, 2025.</strong>...
Bofit.fi
Russia’s GDP growth modest and government deficit on the rise
Russia,BOFIT Weekly Review Russia’s GDP growth modest and government deficit on the rise Rosstat figures show that Russian GDP grew by 1 % y-o-y in the first nine months of this year. Preliminary fi...
Bofit.fi