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 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
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
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
Russia charts near depletion of Reserve Fund next year
Russia charts near depletion of Reserve Fund next year Under the current federal budget draft, 90 % of the budget deficit will be financed with money from the state Reserve Fund. The finance ministry...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2015
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 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 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
Russia’s disputes with neighbours complicate road transport
Russia’s disputes with neighbours complicate road transport With the closure of routes through Ukraine and Poland, Russian lorries have currently practically no land connection to Central Europe. Rus...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Corporate profits in Russia decline to more conventional levels
Russia Corporate profits in Russia decline to more conventional levels Based on its recurring business survey, Rosstat reports that net profits of companies in its pool of 48,000 firms were down by ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Central Bank of Russia takes over Otkritie Bank
Russia Central Bank of Russia takes over Otkritie Bank Central Bank of Russia takes over Otkritie Bank The CBR announced on Tuesday (Aug. 29) that it had taken over administration of Otkritie Bank,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Developments in industry, trade and fixed investment vary across Russia
Russia Developments in industry, trade and fixed investment vary across Russia The magnitude of the economic contractions experienced in spring 2020 varied considerably across Russia’s federal distr...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
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
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
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
Discussion on structural reforms of the economy in Russia
Discussion on structural reforms of the economy in Russia The Civil Initiative Committee think tank launched by former finance minister Alexei Kudrin, this week released a comprehensive report on Rus...
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
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 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